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What Is New Mexico S Tax Rate
What Is New Mexico S Tax Rate -
The base state sales tax rate in New Mexico is 5 13 Local tax rates in New Mexico range from 0 to 3 9375 making the sales tax range in New Mexico 5 125 to 9 0625 Find your New Mexico combined state and local tax rate
New Mexico has state sales tax of 4 875 and allows local governments to collect a local option sales tax of up to 7 125 There are a total of 140 local tax jurisdictions across the state collecting an average local tax of 2 375
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New Mexico Sales Tax Rates By City and County New Mexico has a statewide gross receipts tax of 4 88 Municipal governments in New Mexico are allowed to collect local sales taxes so the total sales tax rate varies between cities counties and special districts
Currently combined gross receipts tax rates in New Mexico range from 5 125 percent to 9 0625 percent depending on the location of the sale As a business owner selling taxable goods or services you act as an agent of the state of New Mexico by collecting tax from purchasers and passing it along to the appropriate tax authority
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The state sales tax rate in New Mexico is 5 1250 With local taxes the total sales tax rate is between 5 1250 and 9 2500 New Mexico has recent rate changes Wed Jan 01 2020 Select the New Mexico city from the list of popular
New Mexico has a lower than average state sales tax rate of 4 875 but the actual combined sales tax rates are higher than average when local sales taxes from New Mexico s 140 local tax jurisdictions are taken into account
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https://www.salestaxhandbook.com › new-mexico › rates
New Mexico has state sales tax of 4 875 and allows local governments to collect a local option sales tax of up to 7 125 There are a total of 140 local tax jurisdictions across the state collecting an average local tax of 2 375
https://www.tax-rates.org › new mexico › sales-tax
The New Mexico sales tax rate is 5 13 as of 2024 with some cities and counties adding a local sales tax on top of the NM state sales tax Exemptions to the New Mexico sales tax will vary by state
New Mexico has state sales tax of 4 875 and allows local governments to collect a local option sales tax of up to 7 125 There are a total of 140 local tax jurisdictions across the state collecting an average local tax of 2 375
The New Mexico sales tax rate is 5 13 as of 2024 with some cities and counties adding a local sales tax on top of the NM state sales tax Exemptions to the New Mexico sales tax will vary by state
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