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Saturday, November 23, 2024

Wisconsin's Q4 2023 property tax revenue up 1,125% from previous quarter

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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 $49 million in property taxes during the fourth quarter of 2023, a 1,125% increase over the third quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the third quarter of 2023 was $4 million.

Overall, Wisconsin collected $7.3 billion in combined tax revenues in the fourth quarter of 2023, an increase from the $4.5 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 2023 Wisconsin Tax Collections
Type of TaxAmount (millions)
Property Taxes$49
Sales and Gross Receipts Taxes$2,827
Income Taxes$4,031
License Taxes$357
Other Taxes$29
Source: U.S. Census Bureau

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