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Monday, December 23, 2024

Georgia’s property tax revenue down 24.4 percent since Q4 2018

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Georgia collected $161 million in property taxes during the fourth quarter of 2019, a 24.4 percent decrease from the same period the previous year, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

In the fourth quarter of 2018, $213 million was collected.

Overall, Georgia collected $6 billion in combined tax revenues in the fourth 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.

Fourth Quarter Georgia Tax Collections
Type of TaxAmount (in millions of dollars)
Property Taxes$161
Sales and Gross Receipts Taxes$2,255
Income Taxes$3,435
Source: U.S. Census Bureau

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