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Silver State Times

Wednesday, November 27, 2024

Nevada’s property tax revenue up 1088 percent since Q3 2020

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Nevada collected $297 million in property taxes during the third quarter of 2021, a 1088 percent increase over the same period the previous year, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

In the third quarter of 2020, $25 million was collected.

Overall, Nevada collected $1.2 billion in combined tax revenues in the third 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.

Third Quarter Nevada Tax Collections
Type of TaxAmount (in millions of dollars)
Property Taxes$297
Sales and Gross Receipts Taxes$800
Source: U.S. Census Bureau

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