Quantcast

Great Lakes Wire

Sunday, November 24, 2024

Michigan’s property tax revenue up 124 percent since Q1 2020

Adobestock 322992420

Adobe Stock

Adobe Stock

Michigan collected $112 million in property taxes during the first quarter of 2021, a 124 percent increase over the same period the previous year, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

In the first quarter of 2020, $50 million was collected.

Overall, Michigan collected $7 billion in combined tax revenues in the first 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.

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
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