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Tuesday, November 26, 2024

Alabama's Q4 2021 property tax revenue up 1,153.3% from previous quarter

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Vernon Barrett, Commissioner of Revenue | Alabama Department of Revenue

Vernon Barrett, Commissioner of Revenue | Alabama Department of Revenue

Alabama collected $188 million in property taxes during the fourth quarter of 2021, a 1,153.3% increase over the third quarter of 2021, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the third quarter of 2021 was $15 million.

Overall, Alabama collected $3.4 billion in combined tax revenues in the the fourth quarter of 2021, an increase from the $3.3 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.

Q4 2021 Alabama Tax Collections
Type of TaxAmount (millions)
Property Taxes$188
Sales and Gross Receipts Taxes$1,548
Income Taxes$1,534
License Taxes$139
Other Taxes$33
Source: U.S. Census Bureau

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