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Saturday, November 23, 2024

Kentucky collects $451 million in property tax revenue in Q4

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Thomas B. Miller Commissioner of Revenue at Kentucky Department of Revenue | Kentucky Department of Revenue

Thomas B. Miller Commissioner of Revenue at Kentucky Department of Revenue | Kentucky Department of Revenue

Kentucky collected $451 million in property taxes during the fourth quarter of 2023, 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 it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments. Also, not all states collect all types of taxes.

Overall, Kentucky collected $4.3 billion in combined tax revenues in Q4.

Q4 Kentucky Tax Collections

Type of TaxAmount (millions)
Income Taxes$1,578
License Taxes$101
Other Taxes$46
Property Taxes$451
Sales and Gross Receipts Taxes$2,067

Source: U.S. Census Bureau

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