Enchantment State News

New Mexico collected $54 million in property taxes during the second quarter of 2020, unchanged from the same period the previous year, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

In the second quarter of 2019, $54 million was collected.

Overall, New Mexico collected $1.7 billion in combined tax revenues in the second 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.

Type of Tax	Amount (in millions of dollars)
Property Taxes	$54
Sales and Gross Receipts Taxes	$949
Income Taxes	$444

Source: U.S. Census Bureau