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Hawkeye Reporter

Tuesday, October 15, 2024

Iowa collected $1 million in property tax revenue in Q2

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Mary Mosiman Director Department of Revenue at Iowa Department of Revenue | Iowa Department of Revenue

Mary Mosiman Director Department of Revenue at Iowa Department of Revenue | Iowa Department of Revenue

Iowa collected $1 million in property taxes during the second quarter, after no property tax was collected in the first quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Overall, Iowa collected $3.4 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 Iowa Tax Collections
Type of TaxAmount (millions)
Property Taxes$1
Sales and Gross Receipts Taxes$1,585
Income Taxes$1,487
License Taxes$292
Other Taxes$21
Source: U.S. Census Bureau

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