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Thursday, November 7, 2024

Montana sees less property tax revenue in Q3 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 $21 million in property taxes during the third quarter of 2023, an 85.7% decrease from the second quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the second quarter of 2023 was $147 million.

Overall, Montana collected $880 million in combined tax revenues in the the third quarter of 2023, a decrease from the $1.6 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 2023 Montana Tax Collections
Type of TaxAmount (millions)
Property Taxes$21
Sales and Gross Receipts Taxes$164
Income Taxes$550
License Taxes$73
Other Taxes$62
Source: U.S. Census Bureau

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