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Thursday, November 14, 2024

Rhode Island collected $3 million in property tax revenue in Q2

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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 $3 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, Rhode Island collected $1.7 billion in combined tax revenues in the second quarter, an increase from the $1 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 Rhode Island Tax Collections
Type of TaxAmount (millions)
Property Taxes$3
Sales and Gross Receipts Taxes$986
Income Taxes$662
License Taxes$33
Other Taxes$24
Source: U.S. Census Bureau

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