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Thursday, November 21, 2024

Wyoming’s property tax revenues down 15% in Q4 compared to same quarter of the previous year

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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 $147 million in property taxes during the fourth quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

This is a 15% decrease from the same quarter the previous year when property tax revenues were $173 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 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, Wyoming collected $692 million in combined tax revenues in Q4.

Q4 Wyoming Tax Collections

Type of TaxAmount (millions)
License Taxes$46
Other Taxes$168
Property Taxes$147
Sales and Gross Receipts Taxes$327

Source: U.S. Census Bureau

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