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Thursday, November 21, 2024

Montana's Q4 2023 property tax revenue up 661.9% 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 $160 million in property taxes during the fourth quarter of 2023, a 661.9% increase over the third quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the third quarter of 2023 was $21 million.

Overall, Montana collected $1.2 billion in combined tax revenues in the fourth quarter of 2023, an increase from the $880 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 2023 Montana Tax Collections
Type of TaxAmount (millions)
Property Taxes$160
Sales and Gross Receipts Taxes$237
Income Taxes$663
License Taxes$97
Other Taxes$64
Source: U.S. Census Bureau

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