Quantcast

Palmetto State News

Saturday, November 23, 2024

Higher property tax revenue in South Carolina during Q2 2022

South Carolina collected $6 million in property taxes during the second quarter of 2022, a 200% increase over the first quarter of 2022, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the first quarter of 2022 was $2 million.

Overall, South Carolina collected $4.6 billion in combined tax revenues in the the second quarter of 2022, 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 2022 South Carolina Tax Collections
Type of TaxAmount (millions)
Property Taxes$6
Sales and Gross Receipts Taxes$1,789
Income Taxes$2,549
License Taxes$86
Other Taxes$154
Source: U.S. Census Bureau

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS