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Sunday, November 24, 2024

Higher property tax revenue in Georgia during Q2 2023

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Frank O’Connell Commissioner of Revenue at Georgia Department of Revenue | Georgia Department of Revenue

Frank O’Connell Commissioner of Revenue at Georgia Department of Revenue | Georgia Department of Revenue

Georgia collected $221 million in property taxes during the second quarter of 2023, a 10.5% increase over the first quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the first quarter of 2023 was $200 million.

Overall, Georgia collected $9.4 billion in combined tax revenues in the the second quarter of 2023, an increase from the $7.9 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.

Q2 2023 Georgia Tax Collections
Type of TaxAmount (millions)
Property Taxes$221
Sales and Gross Receipts Taxes$3,077
Income Taxes$5,961
License Taxes$133
Other Taxes$53
Source: U.S. Census Bureau

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