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Monday, December 23, 2024

Kentucky collects $163 million in property tax revenue in Q1 2020

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Kentucky collected $163 million in property taxes during the first quarter of 2020, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

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.

Overall, Kentucky collected $3.2 billion in combined tax revenues in the first quarter.

First Quarter Kentucky Tax Collections
Type of TaxAmount (in millions of dollars)
Property Taxes$163
Sales and Gross Receipts Taxes$1,592
Income Taxes$1,160
License Taxes$232
Other Taxes$34
Source: U.S. Census Bureau

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