Quantcast

Magnolia State News

Sunday, November 17, 2024

Property tax revenue up 68.8% from previous quarter in Mississippi

Webp fzm0emtzxtut8hf1xzvq7b5t9sz7

Chris Graham, Commissioner of Revenue | Mississippi Department of Revenue

Chris Graham, Commissioner of Revenue | Mississippi Department of Revenue

Mississippi collected $27 million in property taxes during the first quarter of 2023, a 68.8% increase over the fourth quarter of 2022, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the fourth quarter of 2022 was $16 million.

Overall, Mississippi collected $2.4 billion in combined tax revenues in the the first quarter of 2023, a decrease from the $2.6 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.

Q1 2023 Mississippi Tax Collections
Type of TaxAmount (millions)
Property Taxes$27
Sales and Gross Receipts Taxes$1,600
Income Taxes$629
License Taxes$107
Other Taxes$12
Source: U.S. Census Bureau

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS