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Wednesday, December 4, 2024

Higher property tax revenue in California during Q2 2023

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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 $888 million in property taxes during the second quarter of 2023, a 1.7% increase over the first quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the first quarter of 2023 was $873 million.

Overall, California collected $58.5 billion in combined tax revenues in the the second quarter of 2023, an increase from the $53.4 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.

Q2 2023 California Tax Collections
Type of TaxAmount (millions)
Property Taxes$888
Sales and Gross Receipts Taxes$20,337
Income Taxes$33,740
License Taxes$3,513
Other Taxes$26
Source: U.S. Census Bureau

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