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Granite State Times

Sunday, April 20, 2025

New Hampshire's combined tax revenues up 76.4% from Q4 to Q1 2022

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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

Combined tax revenues in New Hampshire increased 76.4% in the first quarter of 2022 in comparison to the previous quarter, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

Overall, New Hampshire collected $1 billion in taxes during the first quarter of 2022, compared to $588 million in the previous quarter.

The majority of the state’s tax revenue was collected through property taxes ($368 million) and insurance premiums sales tax ($323 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 New Hampshire Tax Collections
Type of TaxAmount (millions)
Property Taxes$368
Sales and Gross Receipts Taxes$323
Income Taxes$162
License Taxes$124
Other Taxes$53
Source: U.S. Census Bureau