Minnesota collected $25 million in property taxes during the third quarter of 2023, a 93.8% decrease from the second quarter of 2023, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.
Property tax revenue for the second quarter of 2023 was $402 million.
Overall, Minnesota collected $8.5 billion in combined tax revenues in the the third quarter of 2023, a decrease from the $10.1 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.
| Type of Tax | Amount (millions) |
|---|---|
| Property Taxes | $25 |
| Sales and Gross Receipts Taxes | $3,455 |
| Income Taxes | $4,548 |
| License Taxes | $316 |
| Other Taxes | $156 |
Source: U.S. Census Bureau
