The sales tax rate in Bernalillo County, which covers Albuquerque, is 7.875%. This rate combines the 5.125% state tax, the 1% county tax, and the 1.75 percent special taxing district tax. What is the New Mexico state sales tax in Santa Fe?
The sales tax rate in the city of Santa Fe is 8.4375%. This rate includes a 5.125% state tax rate, a 1% county tax rate, and a 2.3125% municipal tax rate. How Much Does New Mexico’s Sales Tax on a Car Cost?
Depending on where the sale takes place, New Mexico has different sales taxes for cars. The sales tax on an automobile is 7.875% in much of the state, including Albuquerque and Santa Fe. However, the sales tax rate for a car is only 6.313% in some places, like Rio Rancho. What Is the New Mexico city of Rio Rancho’s Sales Tax?
Overall, New Mexico’s new sales tax rates have changed a little bit, but not dramatically. You should always check with your local government to find out the precise sales tax rate for your area because sales tax rates can change based on where the sale takes place.
No, New Mexico does not entirely exclude food from taxes. Sales tax is not applicable to all types of food, however, including unprepared foods like fruits and vegetables. On the other hand, prepared foods are subject to the state’s gross receipts tax.