New Mexico Taxes
New Mexico has state income and gross receipts taxes. In Albuquerque
the gross receipts tax is 5.8125%. All real property and business personal
property is subject to taxation under New Mexico state law. Real property
valuations are based on market value. Business personal property must
be reported to the Bernalillo County Assessor's Office by the last day
of February each year. Notices of value are mailed annually, usually
by April of every year. For information regarding real and business
personal property taxation, call the Bernalillo County Assessor's Office
at 505-768-4040. For other tax questions call Taxation and Revenue at
505-841-6200.