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Friday, November 8, 2024

Higher property tax revenue in Montana during Q2 2023

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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 $147 million in property taxes during the second quarter of 2023, a 568.2% increase over the first quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the first quarter of 2023 was $22 million.

Overall, Montana collected $1.6 billion in combined tax revenues in the the second quarter of 2023, 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.

Q2 2023 Montana Tax Collections
Type of TaxAmount (millions)
Property Taxes$147
Sales and Gross Receipts Taxes$247
Income Taxes$897
License Taxes$187
Other Taxes$69
Source: U.S. Census Bureau

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