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Saturday, November 16, 2024

Mississippi's Q4 2021 property tax revenue up 180% from previous quarter

Mississippi collected $14 million in property taxes during the fourth quarter of 2021, a 180% increase over the third quarter of 2021, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the third quarter of 2021 was $5 million.

Overall, Mississippi collected $2.4 billion in combined tax revenues in the the fourth quarter of 2021, an increase from the $2.3 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.

Q4 2021 Mississippi Tax Collections
Type of TaxAmount (millions)
Property Taxes$14
Sales and Gross Receipts Taxes$1,556
Income Taxes$720
License Taxes$119
Other Taxes$12
Source: U.S. Census Bureau

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