Calculate sales tax on any purchase in New Mexico. The state sales tax rate is 5%, and when combined with the average local rate of 2.72%, the total average in New Mexico comes to 7.72%. Actual rates vary by city and county.
New Mexico Sales Tax Rates
- State Rate
- 5%
- Avg Local Rate
- 2.72%
- Combined Average
- 7.72%
Quick Reference
New Mexico uses a gross receipts tax instead of a traditional sales tax.
State income tax: 5.9% top rate
New Mexico Sales Tax Table
Quick reference for common purchase amounts at the 7.72% combined average rate:
| Purchase Price | Sales Tax | Total |
|---|---|---|
| $10 | $0.77 | $10.77 |
| $25 | $1.93 | $26.93 |
| $50 | $3.86 | $53.86 |
| $100 | $7.72 | $107.72 |
| $250 | $19.30 | $269.30 |
| $500 | $38.60 | $538.60 |
| $1,000 | $77.20 | $1077.20 |
| $2,500 | $193.00 | $2693.00 |
| $5,000 | $386.00 | $5386.00 |
Understanding New Mexico Sales Tax
Sales tax in New Mexico is collected at the point of sale on most tangible goods and some services. The state portion of 5% is uniform statewide, while local jurisdictions may add their own rates, averaging 2.72% across the state. Certain items like groceries and prescription medications may be exempt or taxed at reduced rates.
When budgeting in New Mexico, remember that sales tax affects your purchasing power. With a median home value of $259,500 and a property tax rate of 0.67%, understanding all taxes helps you make informed financial decisions.