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Tuesday, October 15, 2024

Alaska collected $39 million in property tax revenue in Q2

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Adam Crum, Commissioner of Revenue | Alaska Department of Revenue

Adam Crum, Commissioner of Revenue | Alaska Department of Revenue

Alaska collected $39 million in property taxes during the second quarter, after no property tax was collected in the first quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Overall, Alaska collected $552 million in combined tax revenues in the second quarter, an increase from the $342 million 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 Alaska Tax Collections
Type of TaxAmount (millions)
Property Taxes$39
Sales and Gross Receipts Taxes$79
Income Taxes$212
License Taxes$23
Other Taxes$200
Source: U.S. Census Bureau

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