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Sunday, May 19, 2024

Property tax revenue up 136.8% from previous quarter in Alaska

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Adam Crum, Commissioner of Revenue | Alaska Department of Revenue

Adam Crum, Commissioner of Revenue | Alaska Department of Revenue

Alaska collected $90 million in property taxes during the third quarter of 2023, a 136.8% increase over the second quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the second quarter of 2023 was $38 million.

Overall, Alaska collected $493 million in combined tax revenues in the the third quarter of 2023, a decrease from the $576 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.

Q3 2023 Alaska Tax Collections
Type of TaxAmount (millions)
Property Taxes$90
Sales and Gross Receipts Taxes$97
Income Taxes$66
License Taxes$29
Other Taxes$211
Source: U.S. Census Bureau

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