Tax Burdens in New Mexico

Recently, the Rio Grande Foundation released its study of the “local” tax burdens (gross receipts and property) of New Mexico’s 10-largest cities. Carlsbad and Hobbs were found to have the lowest burdens as a percentage of income while Albuquerque and Las Cruces residents faced the heaviest burdens.
To calculate your own gross receipts and property tax burden (assuming a new purchase that is not impacted by the 3 percent property tax cap), go to our website and use the tax burden calculator.

Print Friendly, PDF & Email

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.