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Wednesday, December 4, 2024

New Mexico collects $4 million in property tax revenue in Q4 2019

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New Mexico collected $4 million in property taxes during the fourth quarter of 2019, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

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.

Overall, New Mexico collected $1.9 billion in combined tax revenues in the fourth quarter.

Fourth Quarter New Mexico Tax Collections
Type of TaxAmount (in millions of dollars)
Property Taxes$4
Sales and Gross Receipts Taxes$1,033
Income Taxes$286
License Taxes$103
Other Taxes$477
Source: U.S. Census Bureau

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