Vermont's combined tax revenues up 188.6 percent from Q1 to Q2 2021

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By Green Mountain Times

Apr 1, 2021

Vermont collected $1.9 billion combined tax revenues and income taxes during the second quarter of 2021, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

The majority of the state’s tax revenue was collected through property, property taxes ($1.1 billion) and individual income taxes ($440 million).

This is a 188.6 percent increase from the previous quarter when $667 million was reported.

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 Vermont Tax Collections