About Albuquerque - tax
New Mexico has a graduated state income tax. In other words, the tax rate rises as income increases, with personal income tax piggybacking on Federal income taxes.
The statewide gross receipts tax of 5% applies to almost all goods and services exchanged. Local communities can levy additional increments. The total gross receipts tax in Albuquerque is currently 5.8125%.
All real property and business personal property is subject to taxation under New Mexico 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.
For information regarding real and business personal property taxation, call the Bernalillo County Assessor’s office at (505) 222-3700. For other tax questions, contact the Department of Taxation and Revenue in Albuquerque at (505) 841-6200.