New Mexico ranked 30th nationwide for total taxes collections in 2024

Howie Morales Lieutenant Governor
Howie Morales Lieutenant Governor
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In 2024, New Mexico collected $13.7 billion in total taxes, placing it 30th among all U.S. states, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

This marked a 4.7% decrease from the $14.4 billion generated in the previous year.

For comparison, California topped the national rankings in 2024, collecting $265.6 billion in total taxes.

The State Government Tax Collections (STC) survey tracks five major tax categories and up to 25 subcategories, gathering data from all 50 state governments and their dependent agencies.

The Census Bureau notes that it defines tax classifications consistently across states, which may differ from how individual states categorize them.

All figures in this article reflect taxes collected by state governments only, based on the STC. They do not include local taxes, such as most property taxes, which make up a significant portion of overall taxes paid by residents.

According to the U.S. Census Bureau, state and local governments collect a wide range of taxes to fund public programs and services. These revenues are typically allocated to areas such as transportation, education, and public safety. In 2024, state tax collections alone amounted to nearly $1.5 trillion nationwide, representing a significant part of overall government operations.

The amount each state collects depends on its tax rates, bases, and policy priorities. In 2023, North Dakota topped the list with the largest state tax collection per capita at $7,715.71, followed by Hawaii ($7,098.72) and Vermont ($6,948.15), according to the U.S. Census Bureau.

U.S. Total Taxes by State in 2024
RankStateAmount
1California$265,550,679,000
2New York$119,727,037,000
3Texas$87,336,700,000
4Illinois$66,920,244,000
5Florida$63,087,887,000
6Pennsylvania$55,198,027,000
7New Jersey$51,838,359,000
8Massachusetts$43,080,972,000
9North Carolina$39,124,746,000
10Virginia$37,661,144,000
11Michigan$37,572,346,000
12Ohio$37,466,367,000
13Washington$37,342,055,000
14Minnesota$35,666,979,000
15Georgia$33,644,287,000
16Maryland$30,911,703,000
17Indiana$26,123,567,000
18Wisconsin$25,496,076,000
19Tennessee$24,159,796,000
20Arizona$23,595,616,000
21Connecticut$23,213,078,000
22Colorado$18,473,075,000
23South Carolina$18,026,495,000
24Missouri$17,789,696,000
25Oregon$17,233,968,000
26Kentucky$17,220,886,000
27Alabama$16,895,681,000
28Louisiana$15,955,144,000
29Nevada$15,033,314,000
30New Mexico$13,694,047,000
31Utah$13,437,832,000
32Kansas$13,067,651,000
33Oklahoma$13,027,326,000
34Iowa$12,742,000,000
35Arkansas$12,674,290,000
36Mississippi$10,602,589,000
37Hawaii$10,574,059,000
38Idaho$8,331,049,000
39Nebraska$8,104,839,000
40West Virginia$6,983,118,000
41Delaware$6,534,362,000
42Maine$6,509,073,000
43North Dakota$5,847,708,000
44Rhode Island$5,277,448,000
45Montana$4,723,708,000
46Vermont$4,640,749,000
47New Hampshire$3,586,299,000
48South Dakota$2,678,432,000
49Wyoming$2,639,728,000
50Alaska$1,985,846,000
Information in this story was obtained from the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC). The source data can be found here.



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