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Saturday, May 18, 2024

Property tax revenue up 2,550% from previous quarter in New Hampshire

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Lindsey M. Stepp, Commissioner of Revenue | New Hampshire Department of Revenue Administration

Lindsey M. Stepp, Commissioner of Revenue | New Hampshire Department of Revenue Administration

New Hampshire collected $265 million in property taxes during the first quarter of 2023, a 2,550% increase over the fourth quarter of 2022, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the fourth quarter of 2022 was $10 million.

Overall, New Hampshire collected $1.2 billion in combined tax revenues in the the first quarter of 2023, an increase from the $580 million 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.

Q1 2023 New Hampshire Tax Collections
Type of TaxAmount (millions)
Property Taxes$265
Sales and Gross Receipts Taxes$426
Income Taxes$198
License Taxes$268
Other Taxes$36
Source: U.S. Census Bureau

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