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Friday, November 22, 2024

Montana’s property tax revenue up 11.8 percent since Q2 2019

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Montana collected $133 million in property taxes during the second quarter of 2020, a 11.8 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 second quarter of 2019, $119 million was collected.

Overall, Montana collected $893 million in combined tax revenues in the second 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.

Second Quarter Montana Tax Collections
Type of TaxAmount (in millions of dollars)
Property Taxes$133
Sales and Gross Receipts Taxes$180
Income Taxes$397
Source: U.S. Census Bureau

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