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Tuesday, November 26, 2024

Montana sees less property tax revenue in Q3 2022

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Brendan Beatty Director of Montana Department of Revenue | Montana Department of Revenue

Brendan Beatty Director of Montana Department of Revenue | Montana Department of Revenue

Montana collected $22 million in property taxes during the third quarter of 2022, an 82.9% decrease from the second quarter of 2022, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the second quarter of 2022 was $129 million.

Overall, Montana collected $964 million in combined tax revenues in the the third quarter of 2022, a decrease from the $1.8 billion collected in the previous 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.

Q3 2022 Montana Tax Collections
Type of TaxAmount (millions)
Property Taxes$22
Sales and Gross Receipts Taxes$204
Income Taxes$586
License Taxes$66
Other Taxes$88
Source: U.S. Census Bureau

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