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Sunday, December 22, 2024

Wyoming sees less property tax revenue in Q3 2023

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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 $47 million in property taxes during the third quarter of 2023, a 62.1% decrease from the second quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the second quarter of 2023 was $124 million.

Overall, Wyoming collected $440 million in combined tax revenues in the the third quarter of 2023, a decrease from the $1 billion 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.

Q3 2023 Wyoming Tax Collections
Type of TaxAmount (millions)
Property Taxes$47
Sales and Gross Receipts Taxes$328
License Taxes$59
Other Taxes$1
Source: U.S. Census Bureau

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