Property tax income collected by state and native governments was greater within the first quarter of 2026 in keeping with the Census Bureau’s quarterly abstract of state and native tax income. Whole tax income for state and native governments elevated 1.5% over the quarter, with particular person earnings tax income up 1.4%, gross sales tax income down 0.3%, and company earnings tax income up 2.1%. Property tax income rose essentially the most over the quarter, up 2.7%.
Property tax collections totaled $214.6 billion within the first quarter, a rise from a revised $209.0 billion estimate within the fourth quarter. Property tax collections have been up 4.6% from one yr in the past. The share of property tax income as a share of complete income was 37.5% within the first quarter. This share has been comparatively stagnant at 37% over the previous three years.
Property taxes sometimes make up the most important share of the entire tax income for state and native governments, with most property tax collected by native governments. The second largest income generator was shared between earnings tax and gross sales tax, totaling $154.8 billion (27.1%). Company earnings tax rounded out the remaining 8.2% at $47.1billion.
