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Wednesday, December 25, 2024

Kentucky collects $79 million in property tax revenue in Q2

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Kentucky collected $79 million in property taxes during the second quarter of 2021, 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 $4.2 billion in combined tax revenues in the second quarter.

Second Quarter Kentucky Tax Collections
Type of TaxAmount (in millions of dollars)
Property Taxes$79
Sales and Gross Receipts Taxes$1,895
Income Taxes$2,029
License Taxes$130
Other Taxes$44
Source: U.S. Census Bureau

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