Taxes in Nebraska > Sources of Major State and Local Taxes > Motor Vehicles > DATA: Motor Vehicle Taxes and the Economy

MOTOR VEHICLE TAXES AND THE ECONOMY

Year Motor Vehicle Property Taxes Inflation Gross State Product
1980 47,435,638 $47,435,638 $47,435,638
1981 51,407,540 $52,328,877 $53,998,226
1982 59,710,780 $55,552,658 $54,642,292
1983 69,689,675 $57,337,251 $56,092,105
1984 78,427,233 $59,812,655 $63,844,758
1985 78,418,931 $61,942,653 $67,361,945
1986 91,205,267 $63,094,004 $68,424,788
1987 95,164,679 $65,396,704 $71,040,811
1988 105,380,574 $68,102,378 $76,893,071
1989 115,928,163 $71,383,727 $82,591,602
1990 111,866,443 $75,240,751 $88,838,783
1991 118,194,362 $78,349,397 $94,044,326
1992 121,126,907 $80,767,233 $99,639,489
1993 131,264,076 $83,127,501 $102,480,803
1994 136,972,462 $85,315,067 $111,404,969
1995 147,161,691 $87,732,903 $116,843,753
1996 151,769,244 $90,323,441 $126,618,723
1997 0 $92,395,872 $130,602,394
1998 0 $93,835,060 $136,099,489
1999 0 $95,907,491 $141,784,769
2000 0 $99,131,272 $147,496,553
2001 0 $101,894,513 $150,989,885
2002 0 $103,621,539 $150,989,885
2003      

*NOTE: Total growth in inflation and gross state product are offered here for comparison purposes with growth in the categories of state use of tax dollars. The growth rate in inflation over this period was 123% and the growth rate in the economy, as measured by Nebraska personal income, was 268%.

 

 

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