Property tax revenue for the fourth quarter of 2021 was $4 million.
Overall, New Mexico collected $3.1 billion in combined tax revenues in the the first quarter of 2022, a decrease from the $3.8 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.
Q1 2022 New Mexico Tax Collections
| Type of Tax | Amount (millions) |
|---|---|
| Property Taxes | $51 |
| Sales and Gross Receipts Taxes | $1,077 |
| Income Taxes | $782 |
| License Taxes | $100 |
| Other Taxes | $1,055 |
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