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Thursday, November 21, 2024

Property tax revenue down 27.2% from previous quarter in Wyoming

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Director Brenda Henson - Wyoming Department of Revenue | Wyoming Department of Revenue

Director Brenda Henson - Wyoming Department of Revenue | Wyoming Department of Revenue

Wyoming collected $126 million in property taxes during the first quarter of 2023, a 27.2% decrease from the fourth quarter of 2022, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the fourth quarter of 2022 was $173 million.

Overall, Wyoming collected $707 million in combined tax revenues in the the first quarter of 2023, a decrease from the $848 million 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.

Q1 2023 Wyoming Tax Collections
Type of TaxAmount (millions)
Property Taxes$126
Sales and Gross Receipts Taxes$277
License Taxes$48
Other Taxes$256
Source: U.S. Census Bureau

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