Stephanie Schardin Clarke Tax Commissioner at New Mexico Taxation and Revenue Department | New Mexico Taxation and Revenue Department
Stephanie Schardin Clarke Tax Commissioner at New Mexico Taxation and Revenue Department | New Mexico Taxation and Revenue Department
Property tax revenue for the fourth quarter of 2023 was $5 million.
Overall, New Mexico collected $3.1 billion in combined tax revenues in the first quarter, a decrease from the $3.3 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.
| Type of Tax | Amount (millions) |
|---|---|
| Property Taxes | $57 |
| Sales and Gross Receipts Taxes | $1,315 |
| Income Taxes | $729 |
| License Taxes | $101 |
| Other Taxes | $929 |
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