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.