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Monday, December 23, 2024

Montana's Q4 2022 property tax revenue up 604.5% from previous quarter

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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 $155 million in property taxes during the fourth quarter of 2022, a 604.5% increase over the third quarter of 2022, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the third quarter of 2022 was $22 million.

Overall, Montana collected $1.1 billion in combined tax revenues in the the fourth quarter of 2022, an increase from the $964 million 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.

Q4 2022 Montana Tax Collections
Type of TaxAmount (millions)
Property Taxes$155
Sales and Gross Receipts Taxes$187
Income Taxes$596
License Taxes$105
Other Taxes$70
Source: U.S. Census Bureau

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