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Thursday, November 21, 2024

Lower property tax revenue in Arizona during Q2

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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 $134 million in property taxes during the second quarter, a 54.1% decrease from the first quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the first quarter was $292 million.

Overall, Arizona collected $6.3 billion in combined tax revenues in the second quarter, an increase from the $5.2 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 Arizona Tax Collections
Type of TaxAmount (millions)
Property Taxes$134
Sales and Gross Receipts Taxes$3,748
Income Taxes$2,146
License Taxes$192
Other Taxes$25
Source: U.S. Census Bureau

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