The state of Washington's Q2 property tax revenue down 81.6% from previous quarter

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

By Evergreen Reporter

Oct 14, 2024

Washington collected $390 million in property taxes during the second quarter, an 81.6% decrease from the first quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the first quarter was $2.1 billion.

Overall, Washington collected approximately $9.7 billion in combined tax revenues in the second quarter, which is nearly identical to the amount 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 Washington Tax Collections