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Thursday, November 28, 2024

Lower property tax revenue in The state of Washington during Q2 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 $556 million in property taxes during the second quarter of 2022, a 72.1% decrease from the first quarter of 2022, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the first quarter of 2022 was $2 billion.

Overall, Washington collected $9.4 billion in combined tax revenues in the the second quarter of 2022, a decrease from the $9.4 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 2022 Washington Tax Collections
Type of TaxAmount (millions)
Property Taxes$556
Sales and Gross Receipts Taxes$7,508
License Taxes$559
Other Taxes$725
Source: U.S. Census Bureau

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