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Sunday, May 19, 2024

Lower property tax revenue in New Hampshire during Q2 2023

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Lindsey M. Stepp, Commissioner of Revenue | New Hampshire Department of Revenue Administration

Lindsey M. Stepp, Commissioner of Revenue | New Hampshire Department of Revenue Administration

New Hampshire collected $20 million in property taxes during the second quarter of 2023, a 92.5% decrease from the first quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the first quarter of 2023 was $265 million.

Overall, New Hampshire collected $1.1 billion in combined tax revenues in the the second quarter of 2023, a decrease from the $1.2 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.

Q2 2023 New Hampshire Tax Collections
Type of TaxAmount (millions)
Property Taxes$20
Sales and Gross Receipts Taxes$313
Income Taxes$594
License Taxes$160
Other Taxes$37
Source: U.S. Census Bureau

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