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Sunday, December 22, 2024

Property tax revenue up 5.8% 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 $873 million in property taxes during the first quarter of 2023, a 5.8% 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 $825 million.

Overall, California collected $53.4 billion in combined tax revenues in the the first quarter of 2023, a decrease from the $57.4 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 2023 California Tax Collections
Type of TaxAmount (millions)
Property Taxes$873
Sales and Gross Receipts Taxes$18,178
Income Taxes$30,207
License Taxes$3,413
Other Taxes$729
Source: U.S. Census Bureau

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