Quantcast

Bluegrass Times

Monday, November 4, 2024

Kentucky's Q2 property tax revenue down 54.9 percent from previous quarter

Adobestock 329938633

Adobe Stock

Adobe Stock

Kentucky collected $79 million in property taxes during the second quarter of 2021, a 54.9 percent decrease from the first quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

First-quarter property tax revenue was $175 million.

Overall, Kentucky collected $4.2 billion in combined tax revenues in the second 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.

Q2 Kentucky Tax Collections
Type of TaxAmount
Property Taxes$79,000,000
Sales and Gross Receipts Taxes$1,895,000,000
Income Taxes$2,029,000,000
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