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Friday, November 8, 2024

Lower property tax revenue in New Hampshire during Q2

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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 $20 million in property taxes during the second quarter, a 94.6% decrease from the first quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the first quarter was $369 million.

Overall, New Hampshire collected $1 billion in combined tax revenues in the second quarter, a decrease from the $1.1 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.

Q2 New Hampshire Tax Collections
Type of TaxAmount (millions)
Property Taxes$20
Sales and Gross Receipts Taxes$208
Income Taxes$586
License Taxes$155
Other Taxes$43
Source: U.S. Census Bureau

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