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Friday, December 27, 2024

Virginia's property tax revenue was $43 million in Q2

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Virginia collected $43 million in property taxes during the second quarter of 2021, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

First-quarter property tax revenue was not collected.

Overall, Virginia collected $10.8 billion in combined tax revenues in the second 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 Virginia Tax Collections
Type of TaxAmount
Property Taxes$43,000,000
Sales and Gross Receipts Taxes$3,708,000,000
Income Taxes$6,457,000,000
Source: U.S. Census Bureau

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