Quantcast

Golden State Today

Wednesday, January 8, 2025

California sees more property tax revenue in Q3 2024

Webp 3wnzklb81tqwtr6ca4paz5qgu1w0

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 $922 million in property taxes during the third quarter of 2024, a 3.6% increase over the second quarter of 2024, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the second quarter of 2024 was $890 million.

Overall, California collected $56.7 billion in combined tax revenues in the third quarter of 2024, a decrease from the $84 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.

Q3 2024 California Tax Collections
Type of TaxAmount (millions)
Property Taxes$922
Sales and Gross Receipts Taxes$18,272
Income Taxes$31,824
License Taxes$3,539
Other Taxes$2,143
Source: U.S. Census Bureau

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS