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Hawkeye Reporter

Tuesday, November 26, 2024

Iowa collects $1 million in property tax revenue in Q4 2020

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Iowa collected $1 million in property taxes during the fourth 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, Iowa collected $2.8 billion in combined tax revenues in the fourth quarter.

Fourth Quarter Iowa Tax Collections
Type of TaxAmount (in millions of dollars)
Property Taxes$1
Sales and Gross Receipts Taxes$1,302
Income Taxes$1,223
License Taxes$287
Other Taxes$30
Source: U.S. Census Bureau

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