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Thursday, November 21, 2024

Property tax revenue up 0.5% from previous quarter in Georgia

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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 $212 million in property taxes during the first quarter, a 0.5% increase over the fourth quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the fourth quarter of 2023 was $211 million.

Overall, Georgia collected $7.6 billion in combined tax revenues in the first quarter, a decrease from the $8 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.

Q1 Georgia Tax Collections
Type of TaxAmount (millions)
Property Taxes$212
Sales and Gross Receipts Taxes$3,010
Income Taxes$4,132
License Taxes$174
Other Taxes$45
Source: U.S. Census Bureau

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