Quantcast

Great Lakes Wire

Monday, May 20, 2024

Michigan collects $50 million in property tax revenue in Q1 2020

Adobestock 220383845

Adobe Stock

Adobe Stock

Michigan collected $50 million in property taxes during the first quarter of 2020, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

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.

Overall, Michigan collected $4.4 billion in combined tax revenues in the first quarter.

First Quarter Michigan Tax Collections
Type of TaxAmount (in millions of dollars)
Property Taxes$50
Sales and Gross Receipts Taxes$2,432
Income Taxes$1,374
License Taxes$580
Other Taxes$16
Source: U.S. Census Bureau

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS