Quantcast

Old Dominion News

Wednesday, November 20, 2024

Virginia collects $2 million in property tax revenue in Q1

Webp gum05s7n7k6nddyjqu65cglm65bw

Craig M. Burns Tax Commissioner at Virginia Department of Taxation | Virginia Department of Taxation

Craig M. Burns Tax Commissioner at Virginia Department of Taxation | Virginia Department of Taxation

Virginia collected $2 million in property taxes during the first quarter of 2024, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

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 it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments. Also, not all states collect all types of taxes.

Overall, Virginia collected $8.7 billion in combined tax revenues in Q1.

Q1 Virginia Tax Collections

Type of TaxAmount (millions)
Income Taxes$4,725
License Taxes$311
Other Taxes$272
Property Taxes$2
Sales and Gross Receipts Taxes$3,375

Source: U.S. Census Bureau

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS