Quantcast

Beaver State News

Tuesday, May 21, 2024

Property tax revenue down 16.7% from previous quarter in Oregon

Webp a2dm25918sk6tznygkcd37s1n22v

Betsy Imholt​​​ Director of Oregon Department of Revenue | Oregon Department of Revenue

Betsy Imholt​​​ Director of Oregon Department of Revenue | Oregon Department of Revenue

Oregon collected $5 million in property taxes during the first quarter of 2023, a 16.7% decrease from the fourth quarter of 2022, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the fourth quarter of 2022 was $6 million.

Overall, Oregon collected $5.1 billion in combined tax revenues in the the first quarter of 2023, an increase from the $4.2 billion 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 2023 Oregon Tax Collections
Type of TaxAmount (millions)
Property Taxes$5
Sales and Gross Receipts Taxes$316
Income Taxes$4,103
License Taxes$514
Other Taxes$161
Source: U.S. Census Bureau

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS