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Sunday, September 22, 2024

Mississippi’s property tax revenue up 7.1 percent since Q4 2018

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Mississippi collected $15 million in property taxes during the fourth quarter of 2019, a 7.1 percent increase over the same period the previous year, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

In the fourth quarter of 2018, $14 million was collected.

Overall, Mississippi collected $2 billion in combined tax revenues in the fourth 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.

Fourth Quarter Mississippi Tax Collections
Type of TaxAmount (in millions of dollars)
Property Taxes$15
Sales and Gross Receipts Taxes$1,296
Income Taxes$605
Source: U.S. Census Bureau

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