Tax power in Saxony-Anhalt: Magdeburg and Co. set a record!

Tax power in Saxony-Anhalt: Magdeburg and Co. set a record!

The financial conditions of the three independent cities in Saxony-Anhalt will appear in a positive light in 2024. Compared to the previous year, the cities of Magdeburg, Halle and Dessau-Roßlau have significantly increased their tax revenue. Tax revenue increased by 27 million euros to a total of 548 million euros, which corresponds to around a quarter of the total municipal tax revenue in the state. Saxony-Anhalt recorded total income of around 2.3 billion euros this year sueddeutsche.de reported.

Particularly noteworthy are the per capita income, which is highest in Magdeburg at around 1,059 euros. Dessau-Roßlau follows with 1,010 euros, while Halle ranks at 943 euros. The average per capita income in the independent cities amounts to 1,004 euros, which corresponds to an increase of around five percent compared to the previous year.

Comparison of the tax revenue capacity of the municipalities

In contrast, the municipalities belonging to the district suffered a decline in their tax revenue capacity, which, at a total of 1,778 million euros, was around three percent less than in the previous year. Within these municipalities, 57 demonstrate income power above average, while 158 municipalities are below average. The lowest per capita income was recorded in Brücken-Hackpfüffel at around 465 euros.

The highest per capita income among the municipalities was recorded in Leuna with 6,195 euros, followed by Barleben with 3,625 euros and Arneburg with 3,609 euros. This access data underlines the economic differences within Saxony-Anhalt.

Indicators of economic performance

The tax revenue is made up of various tax components, including wage, income and sales tax as well as trade and property taxes. This key figure is considered an indicator of the economic performance of the municipalities in the country, as well Kommunales-sachsen-anhalt.de clarified.

Overall, the analysis of tax revenue in Saxony-Anhalt shows a dynamic development that indicates an improved economic situation in the independent cities. While cities are thriving, county communities face challenges that need to be overcome.