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Monday, December 23, 2024

Higher property tax revenue in Wisconsin during Q4 2022

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Secretary Peter W. Barca at Wisconsin Department of Revenue | Wisconsin Department of Revenue

Secretary Peter W. Barca at Wisconsin Department of Revenue | Wisconsin Department of Revenue

Wisconsin collected $48 million in property taxes during the fourth quarter of 2022, a 1,100% increase over the third quarter of 2022, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the third quarter of 2022 was $4 million.

Overall, Wisconsin collected $7.1 billion in combined tax revenues in the the fourth quarter of 2022, an increase from the $4.6 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.

Q4 2022 Wisconsin Tax Collections
Type of TaxAmount (millions)
Property Taxes$48
Sales and Gross Receipts Taxes$2,785
Income Taxes$3,863
License Taxes$356
Other Taxes$33
Source: U.S. Census Bureau

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