Virginia collected $1 million in property taxes during the first quarter of 2025, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.
This represents a 50% decrease from the same quarter the previous year, when property tax revenues were $2 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 $8.9 billion in combined tax revenues in Q1.
| Type of Tax | Amount (millions) |
|---|---|
| Income Taxes | $4,775 |
| Sales and Gross Receipts Taxes | $3,526 |
| License Taxes | $309 |
| Other Taxes | $228 |
| Property Taxes | $1 |
Information in this article was obtained from the U.S. Census Bureau. The source data can be found here.
