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Friday, November 1, 2024

Property tax revenue up 0.8% from previous quarter in California

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Malia M. Cohen, California Controller | Board of Equalization (State of California Board of Equalization)

Malia M. Cohen, California Controller | Board of Equalization (State of California Board of Equalization)

California collected $783 million in property taxes during the first quarter of 2022, a 0.8% increase over the fourth quarter of 2021, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the fourth quarter of 2021 was $777 million.

Overall, California collected $79.6 billion in combined tax revenues in the the first quarter of 2022, an increase from the $63 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.

Q1 2022 California Tax Collections
Type of TaxAmount (millions)
Property Taxes$783
Sales and Gross Receipts Taxes$18,324
Income Taxes$57,625
License Taxes$2,836
Other Taxes$658
Source: U.S. Census Bureau

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