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Saturday, November 23, 2024

Wisconsin collected $52 million in property tax revenue in Q2

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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 $52 million in property taxes during the second quarter, after no property tax was collected in the first quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Overall, Wisconsin collected $8.4 billion in combined tax revenues in the second quarter, an increase 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.

Q2 Wisconsin Tax Collections
Type of TaxAmount (millions)
Property Taxes$52
Sales and Gross Receipts Taxes$3,536
Income Taxes$4,334
License Taxes$426
Other Taxes$32
Source: U.S. Census Bureau

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