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Friday, November 15, 2024

Nevada sees less property tax revenue in Q3 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 $327 million in property taxes during the third quarter of 2022, an 11.9% decrease from the second quarter of 2022, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the second quarter of 2022 was $371 million.

Overall, Nevada collected $1.3 billion in combined tax revenues in the the third quarter of 2022, a decrease 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.

Q3 2022 Nevada Tax Collections
Type of TaxAmount (millions)
Property Taxes$327
Sales and Gross Receipts Taxes$819
License Taxes$127
Other Taxes$5
Source: U.S. Census Bureau

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