New Mexico has a combined state and local sales tax rate of 7.59%, ranking #17 nationally.
The New Mexico state sales tax rate is 4.875%. Local governments in New Mexico add an average of 2.71% on top, bringing the typical combined rate to 7.59%.
If you sell online and have nexus in New Mexico, you must collect 7.59% sales tax from buyers in New Mexico.
Most states exempt groceries, prescription drugs, and medical devices from sales tax. New Mexico may have additional exemptions. Always verify with the New Mexico Department of Revenue.
Property taxes, state income taxes, and deductions affect your federal return. Get clear, plain-English tax briefs from CapitalTaxBrief.com.