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Thursday, November 21, 2024

Higher property tax revenue in Wyoming during Q2

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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 $110 million in property taxes during the second quarter, a 13.4% increase over the first quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the first quarter was $97 million.

Overall, Wyoming collected $906 million in combined tax revenues in the second quarter, an increase from the $689 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.

Q2 Wyoming Tax Collections
Type of TaxAmount (millions)
Property Taxes$110
Sales and Gross Receipts Taxes$282
License Taxes$62
Other Taxes$447
Source: U.S. Census Bureau

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