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Thursday, November 21, 2024

Georgia’s property tax revenue down 40.5 percent since Q2 2019

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Georgia collected $128 million in property taxes during the second quarter of 2020, a 40.5 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 second quarter of 2019, $215 million was collected.

Overall, Georgia collected $5.4 billion in combined tax revenues in the second 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.

Second Quarter Georgia Tax Collections
Type of TaxAmount (in millions of dollars)
Property Taxes$128
Sales and Gross Receipts Taxes$2,132
Income Taxes$2,961
Source: U.S. Census Bureau

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