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Monday, December 23, 2024

Vermont's Q4 2021 property tax revenue up 10,400% from previous quarter

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Vermont Tax Commissioner Craig Bolio | Vermont Department of Taxes

Vermont Tax Commissioner Craig Bolio | Vermont Department of Taxes

Vermont collected $105 million in property taxes during the fourth quarter of 2021, a 10,400% increase over the third quarter of 2021, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the third quarter of 2021 was $1 million.

Overall, Vermont collected $780 million in combined tax revenues in the the fourth quarter of 2021, an increase from the $700 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.

Q4 2021 Vermont Tax Collections
Type of TaxAmount (millions)
Property Taxes$105
Sales and Gross Receipts Taxes$336
Income Taxes$269
License Taxes$32
Other Taxes$38
Source: U.S. Census Bureau

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