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Monday, December 23, 2024

Q4 2022: Washington State's combined tax revenues down 15.4% since Q3 2022

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Drew Shirk Director of the Department of Revenue at Washington Department of Revenue | Washington Department of Revenue

Drew Shirk Director of the Department of Revenue at Washington Department of Revenue | Washington Department of Revenue

Washington collected $8.5 billion in total tax revenues during the fourth quarter of 2022, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

These tax revenues stem from various sources, including property tax, sales and gross receipts tax, licenses, income tax, and miscellaneous tax.

The majority of the state’s tax revenue was collected through general sales and gross receipts taxes ($7 billion) and death and gift taxes ($675 million).

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.

Q4 2022 Washington Tax Collections
Type of TaxAmount (millions)
Sales and Gross Receipts Taxes$6,989
Other Taxes$675
License Taxes$456
Property Taxes$359

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