Fourth quarter 2014 tax revenues experienced a 4.2 percent increase from the same quarter in 2013 for the four major state and local government tax categories combined: property tax, individual income tax, sales tax, and corporate income tax. Combined, these four tax categories went from $354.2 billion in the fourth quarter of 2013 to $369.0 billion in the fourth quarter of 2014. See Figure 1 for a look at the last 10 years.