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Thursday, November 21, 2024

Property tax revenue down 34% 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 $97 million in property taxes during the first quarter, a 34% decrease from the fourth quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the fourth quarter of 2023 was $147 million.

Overall, Wyoming collected $689 million in combined tax revenues in the first quarter, a decrease from the $692 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 Wyoming Tax Collections
Type of TaxAmount (millions)
Property Taxes$97
Sales and Gross Receipts Taxes$357
License Taxes$45
Other Taxes$185
Source: U.S. Census Bureau

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