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Sunday, December 22, 2024

Property tax revenue down 95.3% from previous quarter in Pennsylvania

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Patrick M. Browne Secretary of Revenue at Pennsylvania Department of Revenue | Pennsylvania Department of Revenue

Patrick M. Browne Secretary of Revenue at Pennsylvania Department of Revenue | Pennsylvania Department of Revenue

Pennsylvania collected $2 million in property taxes during the third quarter of 2023, a 95.3% decrease from the second quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the second quarter of 2023 was $43 million.

Overall, Pennsylvania collected $12.1 billion in combined tax revenues in the the third quarter of 2023, a decrease from the $14.8 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.

Q3 2023 Pennsylvania Tax Collections
Type of TaxAmount (millions)
Property Taxes$2
Sales and Gross Receipts Taxes$5,883
Income Taxes$4,917
License Taxes$738
Other Taxes$566
Source: U.S. Census Bureau

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