Quantcast

Bluegrass Times

Saturday, November 9, 2024

Property tax revenue down 54.5% from previous quarter in Kentucky

Webp vhypr2chjeyrojf0275tl6rq7z29

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 $205 million in property taxes during the first quarter, a 54.5% decrease from the fourth quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the fourth quarter of 2023 was $451 million.

Overall, Kentucky collected $4.1 billion in combined tax revenues in the first quarter, a decrease from the $4.3 billion collected in the previous 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.

Q1 Kentucky Tax Collections
Type of TaxAmount (millions)
Property Taxes$205
Sales and Gross Receipts Taxes$2,137
Income Taxes$1,421
License Taxes$228
Other Taxes$52
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