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Wednesday, December 18, 2024

Nevada's Q4 2023 property tax revenue up 19.9% from previous quarter

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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 $428 million in property taxes during the fourth quarter of 2023, a 19.9% increase over the third quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the third quarter of 2023 was $357 million.

Overall, Nevada collected $3 billion in combined tax revenues in the fourth quarter of 2023, an increase from the $1.6 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.

Q4 2023 Nevada Tax Collections
Type of TaxAmount (millions)
Property Taxes$428
Sales and Gross Receipts Taxes$2,152
License Taxes$193
Other Taxes$187
Source: U.S. Census Bureau

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