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Saturday, November 23, 2024

Vermont collects $1.2 billion in property tax revenue in Q2

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Vermont Tax Commissioner Craig Bolio | Vermont Department of Taxes

Vermont Tax Commissioner Craig Bolio | Vermont Department of Taxes

Vermont collected $1.2 billion in property taxes during the second quarter of 2024, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

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, Vermont collected $2.2 billion in combined tax revenues in Q2.

Q2 Vermont Tax Collections

Type of TaxAmount (millions)
Income Taxes$555
License Taxes$43
Other Taxes$36
Property Taxes$1,200
Sales and Gross Receipts Taxes$368

Source: U.S. Census Bureau

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