Property tax income collected by state and native governments rose for the ninth consecutive quarter in response to the Census Bureau’s quarterly abstract of state and native tax income. Complete tax income for state and native governments elevated 2.1% over the quarter, with particular person revenue tax income up 1.4%, gross sales tax income up 2.5%, and company revenue tax income up 8.3%. Property tax income rose the least quantity over the quarter, up 1.0%. For 2025, state and native tax collections totaled $2.2 trillion, with property taxes accounting for $826.8 billion (37.5%).
Property tax income collected was $210.7 billion within the fourth quarter, a rise from a revised $208.5 billion estimate within the third quarter. These collections have been 4.8% from one yr in the past. The share of property tax income as a share of whole income was 37.3% within the fourth quarter. This share has been comparatively stagnant at 37% over the previous three years.
Property taxes usually make up the most important share of the full tax income for state and native governments, with most property tax collected by native governments. The second highest income generator was gross sales tax at 27.6%, totaling $155.7 billion, adopted intently by particular person revenue tax at 27.0% ($152.5 billion). Company revenue tax rounded out the remaining 8.4% at $45.8 billion.
