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Friday, May 17, 2024

Lower property tax revenue in Wyoming during Q2 2023

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Director Brenda Henson - Wyoming Department of Revenue | Wyoming Department of Revenue

Director Brenda Henson - Wyoming Department of Revenue | Wyoming Department of Revenue

Wyoming collected $124 million in property taxes during the second quarter of 2023, a 1.6% decrease from the first quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the first quarter of 2023 was $126 million.

Overall, Wyoming collected $1 billion in combined tax revenues in the the second quarter of 2023, an increase from the $707 million 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 2023 Wyoming Tax Collections
Type of TaxAmount (millions)
Property Taxes$124
Sales and Gross Receipts Taxes$271
License Taxes$66
Other Taxes$549
Source: U.S. Census Bureau

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