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Sunday, November 24, 2024

Michigan collects $112 million in property tax revenue in Q1

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Michigan collected $112 million in property taxes during the first quarter of 2021, 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 $7 billion in combined tax revenues in the first quarter.

First Quarter Michigan Tax Collections
Type of TaxAmount (in millions of dollars)
Property Taxes$112
Sales and Gross Receipts Taxes$3,619
Income Taxes$2,554
License Taxes$604
Other Taxes$80
Source: U.S. Census Bureau

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