| Share | Rate |
|---|---|
| State of New Mexico | 4.875% |
| Local increments (county and municipal) | 4.5625% |
| Combined rate, location code 20-430 | 9.4375% |
The state share is 4.875% everywhere in New Mexico. The rest is county and municipal increments set by location code. The schedule publishes no county and municipal split for this code, so the local share is shown as one line rather than guessed at.
Note on the former code: the department's schedule still prints location code 20-414 for Taos Ski Valley, annotated "all GRT activity in location code 20-430". Reporting goes under 20-430, the tax increment development district code above, so 20-414 is not the code to file under.
New Mexico has no sales tax. Gross receipts tax is owed by the seller on business receipts, and most sellers pass it through, so it reads like a sales tax on a receipt. Rates are generally sourced to the address where the goods or the product of the service are delivered, and local rates change once a year, on July 1. See the full rate lookup or GRT is not a sales tax. This page is general information, not tax advice.