Navigating New Mexico's Tax Requirements

New Mexico's tax rules impact businesses with sales, property, or employees in the state, including obligations related to the gross receipts tax (GRT). If you're visiting this page, you may need support in understanding New Mexico's unique tax obligations and how they affect your business. Our SALT professionals are here to help.

For companies with in-state operations, managing the GRT and understanding when and how it applies to your business activities is critical. Our team provides guidance on complying with GRT requirements, as well as other state-specific tax obligations.

Whether you need help with GRT filings, managing payroll taxes for New Mexico-based employees, or understanding property tax obligations, our SALT professionals offer the expertise required to stay compliant and minimize risks in New Mexico.

State outline of New Mexico

New Mexico State Taxes

New Mexico Business Taxes

Gross Receipts Tax

New Mexico does not impose a sales tax; instead, they have a gross receipts tax.

Gross Receipts Tax Overview

Local Option Taxes

Location Code and Tax Rate Map

Property Tax

Property Tax Overview

FAQs, Tax Rates, and Laws

Additional Information & Resources

Business personal property is reported at the county level. Forms can be found on county websites.

New Mexico Individual Taxes

Be the First to Hear.

Sign up for our newsletter and have it delivered to your inbox, so you don’t miss a thing.