Quantcast

Yellowhammer Times

Friday, March 21, 2025

Alabama sees less property tax revenue in Q3 2024

Webp xkdd5a3dc57u9bglwhwrmqczsqao

Vernon Barrett, Commissioner of Revenue | Alabama Department of Revenue

Vernon Barrett, Commissioner of Revenue | Alabama Department of Revenue

Alabama collected $20 million in property taxes during the third quarter of 2024, a 25.9% decrease from the second quarter of 2024, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the second quarter of 2024 was $27 million.

Overall, Alabama collected approximately $4.2 billion in combined tax revenues in the third quarter of 2024, which is nearly identical to the amount 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 2024 Alabama Tax Collections
Type of TaxAmount (millions)
Property Taxes$20
Sales and Gross Receipts Taxes$2,168
Income Taxes$1,887
License Taxes$121
Other Taxes$25
Source: U.S. Census Bureau

MORE NEWS