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Saturday, April 19, 2025

Q1 2024: Nevada's combined tax revenues up 26.4% since Q4 2023

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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 $3.8 billion in total tax revenues during the first quarter of 2024, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

These tax revenues stem from various sources, including property tax, sales and gross receipts tax, licenses, income tax, and miscellaneous tax.

The majority of the state’s tax revenue was collected through general sales and gross receipts taxes ($2.8 billion) and property taxes ($558 million).

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.

Q1 2024 Nevada Tax Collections
Type of TaxAmount (millions)
Sales and Gross Receipts Taxes$2,789
Property Taxes$558
Other Taxes$223
License Taxes$171

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