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Thursday, November 21, 2024

Lower property tax revenue in Oregon during Q2

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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 $3 million in property taxes during the second quarter, a 50% decrease from 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 $6 million.

Overall, Oregon collected $4.3 billion in combined tax revenues in the second quarter, an increase from the $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.

Q2 Oregon Tax Collections
Type of TaxAmount (millions)
Property Taxes$3
Sales and Gross Receipts Taxes$859
Income Taxes$2,975
License Taxes$332
Other Taxes$118
Source: U.S. Census Bureau

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