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Wednesday, May 8, 2024

Alaska's Q3 2022 property tax revenue up 107.3% from previous quarter

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Adam Crum, Commissioner of Revenue | Alaska Department of Revenue

Adam Crum, Commissioner of Revenue | Alaska Department of Revenue

Alaska collected $85 million in property taxes during the third quarter of 2022, a 107.3% increase over the second quarter of 2022, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the second quarter of 2022 was $41 million.

Overall, Alaska collected $1.3 billion in combined tax revenues in the the third quarter of 2022, an increase from the $1.1 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.

Q3 2022 Alaska Tax Collections
Type of TaxAmount (millions)
Property Taxes$85
Sales and Gross Receipts Taxes$96
Income Taxes$133
License Taxes$28
Other Taxes$964
Source: U.S. Census Bureau

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