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Monday, April 14, 2025

Lower property tax revenue in Missouri during Q3 2024

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Wayne Wallingford Director Department of Revenue at Missouri Department of Revenue | Missouri Department of Revenue

Wayne Wallingford Director Department of Revenue at Missouri Department of Revenue | Missouri Department of Revenue

Missouri collected $1 million in property taxes during the third quarter of 2024, a 66.7% decrease from the second quarter of 2024, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the second quarter of 2024 was $3 million.

Overall, Missouri collected $4.1 billion in combined tax revenues in the third quarter of 2024, a decrease from the $5.2 billion collected in the previous quarter.

In addition to detailed tax revenue data from each state, the Quarterly Summary of State and Local Government Tax Revenue includes an estimate of state and local government tax revenue at a national level.

The Census Bureau cautions that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.

Q3 2024 Missouri Tax Collections
Type of TaxAmount (millions)
Property Taxes$1
Sales and Gross Receipts Taxes$1,967
Income Taxes$1,981
License Taxes$190
Other Taxes$1
Source: U.S. Census Bureau

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