Quantcast

Bluegrass Times

Tuesday, November 5, 2024

Kentucky collects $395 million in property tax revenue in Q4 2020

Adobestock 304736255

Adobe Stock

Adobe Stock

Kentucky collected $395 million in property taxes during the fourth 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 $3.5 billion in combined tax revenues in the fourth quarter.

Fourth Quarter Kentucky Tax Collections
Type of TaxAmount (in millions of dollars)
Property Taxes$395
Sales and Gross Receipts Taxes$1,624
Income Taxes$1,387
License Taxes$91
Other Taxes$42
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