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Granite State Times

Wednesday, April 16, 2025

New Hampshire's combined tax revenues up 67.2% from Q4 to Q1 2024

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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 67.2% in the first quarter of 2024 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 $1.1 billion in taxes during the first quarter of 2024, compared to $658 million in the previous quarter.

The majority of the state’s tax revenue was collected through property taxes ($369 million) and alcoholic beverages sales tax ($334 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$369
Sales and Gross Receipts Taxes$334
Income Taxes$233
License Taxes$118
Other Taxes$36
Source: U.S. Census Bureau

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