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Wednesday, December 18, 2024

Higher property tax revenue in Nevada during Q2 2022

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Anthony Wren Tax Commissioner at State of Nevada Department of Taxation | State of Nevada Department of Taxation

Anthony Wren Tax Commissioner at State of Nevada Department of Taxation | State of Nevada Department of Taxation

Nevada collected $371 million in property taxes during the second quarter of 2022, a 2.2% increase over 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 $363 million.

Overall, Nevada collected $5.1 billion in combined tax revenues in the the second quarter of 2022, an increase from the $2.9 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 Nevada Tax Collections
Type of TaxAmount (millions)
Property Taxes$371
Sales and Gross Receipts Taxes$3,816
License Taxes$215
Other Taxes$706
Source: U.S. Census Bureau

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