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Thursday, November 21, 2024

Arizona sees more property tax revenue in Q3 2023

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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 $555 million in property taxes during the third quarter of 2023, a 326.9% increase over the second quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the second quarter of 2023 was $130 million.

Overall, Arizona collected $6.2 billion in combined tax revenues in the the third quarter of 2023, a decrease from the $6.5 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.

Q3 2023 Arizona Tax Collections
Type of TaxAmount (millions)
Property Taxes$555
Sales and Gross Receipts Taxes$3,351
Income Taxes$2,078
License Taxes$151
Other Taxes$16
Source: U.S. Census Bureau

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