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Sunday, November 24, 2024

Michigan collects $139 million in property tax revenue in Q2

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Rachael Eubanks State Treasurer at Michigan Department of Treasury | Michigan Department of Treasury

Rachael Eubanks State Treasurer at Michigan Department of Treasury | Michigan Department of Treasury

Michigan collected $139 million in property taxes during the second quarter of 2024, 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 it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments. Also, not all states collect all types of taxes.

Overall, Michigan collected $9.9 billion in combined tax revenues in Q2.

Q2 Michigan Tax Collections

Type of TaxAmount (millions)
Income Taxes$4,100
License Taxes$573
Other Taxes$99
Property Taxes$139
Sales and Gross Receipts Taxes$4,951

Source: U.S. Census Bureau

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