Quantcast

SW New Mexico News

Friday, February 21, 2025

New Mexico reports $612 million in miscellaneous tax revenues in Q3

Webp adobestock 318102163

Adobe Stock

Adobe Stock

New Mexico collected $612 million in miscellaneous tax revenue during the 3rd quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

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.

3rd Quarter New Mexico Tax Collections

Type of TaxAmount (in millions of dollars)
Property Taxes$6
Sales and Gross Receipts Taxes$1,866
Income Taxes$854
License Taxes$120
Other Taxes$612
Source: U.S. Census Bureau

MORE NEWS