Quantcast

Minnesota State Wire

Friday, November 22, 2024

Minnesota collects $382 million in property tax revenue in Q2

Webp 6pjgpzdjhwcg5zqtq0vlkc8vtf6x

Paul Marquart Commissioner of Revenue at Minnesota Department of Revenue | Minnesota Department of Revenue

Paul Marquart Commissioner of Revenue at Minnesota Department of Revenue | Minnesota Department of Revenue

Minnesota collected $382 million in property taxes during the second quarter of 2024, 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, Minnesota collected $10.4 billion in combined tax revenues in Q2.

Q2 Minnesota Tax Collections

Type of TaxAmount (millions)
Income Taxes$5,953
License Taxes$455
Other Taxes$185
Property Taxes$382
Sales and Gross Receipts Taxes$3,447

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