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Tuesday, November 5, 2024

Wisconsin sees less property tax revenue in Q3 2023

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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 $4 million in property taxes during the third quarter of 2023, a 92.7% decrease from the second quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the second quarter of 2023 was $55 million.

Overall, Wisconsin collected $4.5 billion in combined tax revenues in the the third quarter of 2023, a decrease from the $9 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 2023 Wisconsin Tax Collections
Type of TaxAmount (millions)
Property Taxes$4
Sales and Gross Receipts Taxes$1,882
Income Taxes$2,374
License Taxes$261
Other Taxes$26
Source: U.S. Census Bureau

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