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Wednesday, January 8, 2025

Georgia sees less property tax revenue in Q3 2024

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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 $219 million in property taxes during the third quarter of 2024, a 2.7% decrease from the second quarter of 2024, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the second quarter of 2024 was $225 million.

Overall, Georgia collected $8.4 billion in combined tax revenues in the third quarter of 2024, a decrease from the $9.4 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.

Q3 2024 Georgia Tax Collections
Type of TaxAmount (millions)
Property Taxes$219
Sales and Gross Receipts Taxes$3,332
Income Taxes$4,603
License Taxes$158
Other Taxes$54
Source: U.S. Census Bureau

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