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Graduated, topping out at 5.90% (on income over $210,000); rates 1.5%–5.9%.
New Mexico Taxes
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New Mexico statewide rule
New Mexico levies a gross receipts tax (GRT) instead of a conventional sales tax, commonly passed on to the customer. Combined rates range from 4.875% (the state portion) to 10.8125% depending on location, as counties and municipalities add local increments.
§ realfile.tax.newmexico.gov
Get alerted when this changesLawLert pings you the moment Taxes law changes in New Mexico. Free.Get the free appCheck the live rule Verified Jul 16, 2026Reviewed
Every Taxes rule LawLert has for New Mexico
Each rule below is the full statewide entry, with the official source it rests on and the date it was last checked.
Permitted
New Mexico's gasoline tax rate is $0.17 per gallon (17 cents), per the Taxation and Revenue Department. Distributors report it monthly, by the 25th day of the month after the gasoline is received, on form RPD-41306, and some deductions are allowed. No gas-tax suspension is in effect in New Mexico. The 18.4-cent federal gasoline tax is extra.
“The gasoline tax rate is $0.17 per gallon and is reported monthly by the 25th day of the month following the month in which gasoline is received.”
Read on Nov 11, 2026 from tax.newmexico.gov.
Checked once · Nov 11, 2026
Permitted
Gross-receipts tax holiday for back-to-school ran July 31–Aug 2, 2026 (clothing/shoes <$100, computers ≤$1,000, related items ≤$500); retailer participation is optional. The New Mexico Taxation and Revenue Department has not yet posted 2027 dates.
“on Friday, July 31, 2026 and ends on Sunday, August 2, 2026 at midnight”
Read on Oct 27, 2026 from tax.newmexico.gov.
Checked once · Oct 27, 2026
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Property tax is administered by counties: assessors value property as of January 1 and mail valuation notices each spring, and the county treasurer bills from net taxable value, so rates vary by county and district. Exemptions are available for qualifying homeowners.
Permitted
Qualifying grocery food sold by retail food stores is deductible from gross receipts tax (Section 7-9-92 NMSA), so groceries are generally untaxed; alcoholic beverages, tobacco, and prepared hot food do not qualify.
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