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Sunday, November 24, 2024

Lower property tax revenue in Arizona during Q2 2022

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Rob Woods Director of Department of Revenue at state of Arizona Dpt. of Revenue | State of Arizona Department of Revenue

Rob Woods Director of Department of Revenue at state of Arizona Dpt. of Revenue | State of Arizona Department of Revenue

Arizona collected $127 million in property taxes during the second quarter of 2022, a 51.2% decrease from 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 $260 million.

Overall, Arizona collected $7.4 billion in combined tax revenues in the the second quarter of 2022, an increase from the $5.1 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 Arizona Tax Collections
Type of TaxAmount (millions)
Property Taxes$127
Sales and Gross Receipts Taxes$3,641
Income Taxes$3,455
License Taxes$175
Other Taxes$33
Source: U.S. Census Bureau

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