Quantcast

Pine State News

Sunday, December 22, 2024

Maine’s property tax revenue down 33.3 percent since Q4 2018

Adobestock 286468482

Adobe Stock

Adobe Stock

Maine collected $2 million in property taxes during the fourth quarter of 2019, a 33.3 percent decrease from the same period the previous year, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

In the fourth quarter of 2018, $3 million was collected.

Overall, Maine collected $1.2 billion in combined tax revenues in the fourth 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.

Fourth Quarter Maine Tax Collections
Type of TaxAmount (in millions of dollars)
Property Taxes$2
Sales and Gross Receipts Taxes$642
Income Taxes$469
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