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Monday, October 7, 2024

Pennsylvania’s property tax revenue down 50 percent since Q1 2020

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Pennsylvania collected $1 million in property taxes during the first quarter of 2021, a 50 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 first quarter of 2020, $2 million was collected.

Overall, Pennsylvania collected $12.2 billion in combined tax revenues in the first 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.

First Quarter Pennsylvania Tax Collections
Type of TaxAmount (in millions of dollars)
Property Taxes$1
Sales and Gross Receipts Taxes$6,379
Income Taxes$4,289
Source: U.S. Census Bureau

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