187% Santa Fe 5. These local taxes are designed to fund regional projects such as transportation, public safety, and community development.
New Mexico Sales Tax Rate 2024 Guide: Understanding State and Local Rates
The rate is uniform across the state, meaning whether you are in Santa Fe, Albuquerque, or a rural county, the state component of the tax remains the same. The following table outlines the standard combined rates for several key cities as of the current period.
City State Rate Local Rate Combined Rate Albuquerque 5. To determine the exact rate for a specific address, one must combine the 5.
New Mexico Sales Tax Rate 2024 Guide: Understanding State and Local Rates
New Mexico State Sales Tax Rate The foundation of every transaction in New Mexico is the state sales tax rate, which is set at a constant 5. 838% Rio Rancho 5.
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