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Sunday, November 24, 2024

Alabama sees less property tax revenue in Q3 2022

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Vernon Barrett, Commissioner of Revenue | Alabama Department of Revenue

Vernon Barrett, Commissioner of Revenue | Alabama Department of Revenue

Alabama collected $17 million in property taxes during the third quarter of 2022, a 19% decrease from the second quarter of 2022, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the second quarter of 2022 was $21 million.

Overall, Alabama collected $3.6 billion in combined tax revenues in the the third quarter of 2022, 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.

Q3 2022 Alabama Tax Collections
Type of TaxAmount (millions)
Property Taxes$17
Sales and Gross Receipts Taxes$1,704
Income Taxes$1,733
License Taxes$113
Other Taxes$40
Source: U.S. Census Bureau

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