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Sunday, December 22, 2024

Maine collects $7 million in property tax revenue in Q1 2020

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Maine collected $7 million in property taxes during the first quarter of 2020, 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 that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.

Overall, Maine collected $975 million in combined tax revenues in the first quarter.

First Quarter Maine Tax Collections
Type of TaxAmount (in millions of dollars)
Property Taxes$7
Sales and Gross Receipts Taxes$529
Income Taxes$347
License Taxes$79
Other Taxes$15
Source: U.S. Census Bureau

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