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Sunday, December 22, 2024

California's property tax revenues up 0.2% in Q2 compared to same quarter of the previous year

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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 $890 million in property taxes during the second quarter of 2024, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

This represents a 0.2% increase over the same quarter the previous year, when property tax revenues were $888 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 it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments. Also, not all states collect all types of taxes.

Overall, California collected $84 billion in combined tax revenues in Q2.

Q2 California Tax Collections

Type of TaxAmount (millions)
Income Taxes$54,507
License Taxes$3,730
Other Taxes$4,182
Property Taxes$890
Sales and Gross Receipts Taxes$20,679

Source: U.S. Census Bureau

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