Virginia collected $4 million in property taxes during the third quarter of 2024, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.
This represents a 500% decrease from the same quarter the previous year, when property tax revenues were -$-1 million.
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 state governments.
Overall, Virginia collected $9.2 billion in combined tax revenues in Q3.
| Type of Tax | Amount (millions) |
|---|---|
| Income Taxes | $5,042 |
| Sales and Gross Receipts Taxes | $3,675 |
| License Taxes | $273 |
| Other Taxes | $162 |
| Property Taxes | $4 |
Information in this article was obtained from the U.S. Census Bureau. The source data can be found here.
