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Thursday, November 21, 2024

Lower property tax revenue in Louisiana during Q2

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Jay Dardenne, Commissioner of Revenue | Louisiana Department of Revenue

Jay Dardenne, Commissioner of Revenue | Louisiana Department of Revenue

Louisiana collected $8 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 $16 million.

Overall, Louisiana collected $4.9 billion in combined tax revenues in the second quarter, an increase from the $3.2 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 Louisiana Tax Collections
Type of TaxAmount (millions)
Property Taxes$8
Sales and Gross Receipts Taxes$2,209
Income Taxes$2,044
License Taxes$428
Other Taxes$182
Source: U.S. Census Bureau

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