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Thursday, November 21, 2024

Rhode Island's Q4 2023 property tax revenue unchanged from previous quarter

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Rhode Island Division of Taxation - Thomas Verdi Director of Department of Revenue | Rhode Island Division of Taxation

Rhode Island Division of Taxation - Thomas Verdi Director of Department of Revenue | Rhode Island Division of Taxation

Rhode Island collected $1 million in property taxes during the fourth quarter of 2023, unchanged from the third quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Overall, Rhode Island collected approximately $1.2 billion in combined tax revenues in the fourth quarter of 2023, which is nearly identical to the amount 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.

Q4 2023 Rhode Island Tax Collections
Type of TaxAmount (millions)
Property Taxes$1
Sales and Gross Receipts Taxes$558
Income Taxes$528
License Taxes$49
Other Taxes$18
Source: U.S. Census Bureau

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