New Mexico Sales Tax Calculator (4.88% State Base Rate)

New Mexico levies a Gross Receipts Tax (GRT) with a 4.875% state rate and local additions.

Total Tax7.72
Final Total107.72
Combined Rate7.72%
Include Local County/City TaxEstimated local rate (+2.85%)
State Exemption Rules (New Mexico)
Groceries Exempt
Prescriptions Exempt
Clothing Taxable

New Mexico Tax Rates

NM

New Mexico levies a Gross Receipts Tax (GRT) with a 4.875% state rate and local additions.

State Base Tax Rate4.88% (4.88)
Avg Local Municipal Tax2.85% (2.85)
Total Estimated Tax7.72% (7.72)
Source: New Mexico Taxation and Revenue DepartmentOfficial Dept

Frequently Asked Questions: New Mexico Sales Tax

What is New Mexico Gross Receipts Tax?

New Mexico charges a Gross Receipts Tax with a 4.875% state rate and ~7.72% combined average.

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