How 2024 Sales taxes are calculated in New Mexico
The state general sales tax rate of New Mexico is 4.875%. Cities and/or municipalities of New Mexico are allowed to collect their own rate that can get up to 8% in city sales tax.
Every 2024 combined rates mentioned above are the results of New Mexico state rate (4.875%), the county rate (0% to 2.188%), the New Mexico cities rate (0% to 8%), and in some case, special rate (0% to 8.813%).
The New Mexico's tax rate may change depending of the type of purchase. Some of the New Mexico tax type are: Consumers use, rental tax, sales tax, sellers use, lodgings tax and more.
Please refer to the New Mexico website for more sales taxes information.
New Mexico state rate(s) for 2024
5.1% is the smallest possible tax rate (Tajique, New Mexico)
5.25%, 5.708%, 5.813%, 5.833%, 5.875%, 5.938%, 6.063%, 6.125%, 6.188%, 6.25%, 6.271%, 6.313%, 6.375%, 6.438%, 6.5%, 6.521%, 6.563%, 6.583%, 6.625%, 6.688%, 6.75%, 6.813%, 6.875%, 6.938%, 7%, 7.063%, 7.125%, 7.146%, 7.188%, 7.2%, 7.25%, 7.313%, 7.333%, 7.375%, 7.383%, 7.396%, 7.438%, 7.5%, 7.521%, 7.563%, 7.625%, 7.633%, 7.646%, 7.688%, 7.75%, 7.813%, 7.875%, 7.896%, 7.938%, 8%, 8.063%, 8.075%, 8.113%, 8.125%, 8.146%, 8.188%, 8.25%, 8.258%, 8.3%, 8.313%, 8.375%, 8.425%, 8.488%, 8.688%, 8.813%, 8.925% are all the other possible sales tax rates of New Mexico cities.
8.938% is the highest possible tax rate (Taos Ski Valley, New Mexico)
The average combined rate of every zip code in New Mexico is 6.984%
Rates changes
Some changes has been made in New Mexico for county, city and/or special rates in current quarter of 2024 compared to 2023.
List of New Mexico cities and their changes (up to 15)
| City Name | County Rate | City Rate | Special Rate |
|---|---|---|---|
| Algodones | 1.25% | 0% | 0% |
| Belen | 0% | 3.425% (+0.237%) | 0% |
| Bernalillo | 0% | 2.063% | 0% |
| Bluewater | 1.688% | 0% | 0% |
| Bosque | 1.75% | 0% | 0% |
| Casa Blanca | 0% | 0% | 6.563% (-0.125%) |
| Cedar Crest | 0% | 3.2% (+0.45%) | 0% |
| Cedarvale | 1.625% | 0% | 0% |
| Cerrillos | 2% | 0% | 0% |
| Claunch | 1.375% | 0% | 0% |
| Coyote | 1.75% | 0% | 0% |
| Cuba | 0% | 3.188% | 0% |
| Cubero | 0% | 8% (+1.312%) | 0% |
| Edgewood | 0% | 3.063% | 0% |
| Estancia | 0% | 3.063% | 0% |
Other 2024 sales tax fact for New Mexico
As of 2024, there is 122 out of 351 cities in New Mexico that charge city sales tax for a ratio of 34.758%.There is also 186 out of 434 zip codes in New Mexico that are being charged city sales tax for a ratio of 42.857%.