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Thursday, November 21, 2024

Washington State's combined tax revenues up 4.9% from Q2 to Q3 2023

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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

Combined tax revenues in Washington increased 4.9% in the third quarter of 2023 in comparison to the previous quarter, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

Overall, Washington collected $9.9 billion in taxes during the third quarter of 2023, compared to $9.5 billion in the previous quarter.

The majority of the state’s tax revenue was collected through general sales and gross receipts taxes ($7.2 billion) and property taxes ($1.7 billion).

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.

Q3 Washington State Tax Collections
Type of TaxAmount (millions)
Sales and Gross Receipts Taxes$7,248
Property Taxes$1,657
License Taxes$526
Other Taxes$467
Income Taxes$41
Source: U.S. Census Bureau

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