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Tuesday, October 15, 2024

Higher property tax revenue in Montana during Q2

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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 $222 million in property taxes during the second quarter, a 181% increase over the first quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the first quarter was $79 million.

Overall, Montana collected $1.6 billion in combined tax revenues in the second quarter, an increase from the $1.1 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.

Q2 Montana Tax Collections
Type of TaxAmount (millions)
Property Taxes$222
Sales and Gross Receipts Taxes$258
Income Taxes$792
License Taxes$180
Other Taxes$71
Source: U.S. Census Bureau

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