New Mexico Rate Changes

The New Mexico Taxation and Revenue Department has issued the county and municipality gross receipts tax rate schedule with rates effective January 1, 2015, through June 30, 2015.

The Colfax County rate will increase to 6.0833% (formerly 5.75%). Municipalities in Colfax County will increase their rates as follows: Angel Fire 7.7708% (formerly 7.4375%); Cimarron 7.7708% (formerly 7.4375%); Eagle Nest 7.5208% (formerly 7.1875%); Maxwell 6.2083% (formerly 5.875%); Raton 8.5208% (formerly 7.9375%); and Springer 7.1458% (formerly 6.8125%). 

The Curry County rate will increase to 6.125% (formerly 5.875%). Municipalities in Curry County will increase their rates as follows: Clovis 8.0625% (formerly 7.8125%); Clovis Airport 6.125% (formerly 5.875%); Grady 6.9375% (formerly 6.6875%); Melrose 7.75% (formerly 7.5%); and Texico 7.5625% (formerly 7.3125%).

The Grant County rate will increase to 6.5625% (formerly 6.1875%). Municipalities in Grant County will increase their rates as follows: Bayard 7.625% (formerly 7.25%); Hurley 7.625% (formerly 7.25%); Santa Clara 7.625% (formerly 7.25%); and Silver City 7.75% (formerly 7.375%).

Vaughn in Guadalupe County will increase its rate to 7.75% (formerly 7.5%).

The Harding County rate will increase to 6.125% (formerly 5.75%). Municipalities in Harding County will increase their rates as follows: Mosquero 6.9375% (formerly 6.5625%); and Roy 7.3125% (formerly 6.9375%).

Lovington in Lea County will increase its rate to 7.25% (formerly 6.875%).

The rate in Bonito Lake – Alamogordo in Lincoln County will be 5.6875%.

The rate on Alamogordo Land in Otero County will be 6.1875%.

The Quay County rate will increase to 6.6875% (formerly 6.4375%). Municipalities in Quay County will increase their rates as follows: House 8% (formerly 7.75%); Logan 8.375% (formerly 8.125%); San Jon 8.375% (formerly 8.125%); and Tucumcari 8.375% (formerly 8.125%).

The San Juan County rate will increase to 6.5625% (formerly 6.375%). Municipalities in San Juan County will increase their rates as follows: Aztec 8% (formerly 7.8125%); Bloomfield 7.9375% (formerly 7.75%); Farmington 7.375% (formerly 7.1875%); and Valley Water and Sanitation District 6.8125% (formerly 6.625%).

The San Miguel County rate will increase to 6.5833% (formerly 6.5%). Municipalities in San Miguel County will increase their rates as follows: Las Vegas 8.1458% (formerly 8.0625%); Mosquero 7.1458% (formerly 7.0625%); and Pecos 7.5208% (formerly 7.4375%).

The Sierra County rate will increase to 6.6875% (formerly 6.3125%). Municipalities in Sierra County will increase their rates as follows: Elephant Butte 7.9375% (formerly 7.5625%); Truth or Consequences 8.25% (formerly 7.875%); Truth or Consequences Airport 6.6875% (formerly 6.3125%); and Williamsburg 7.9375% (formerly 7.5625%).

The Valencia County rate will increase to 6.75% (formerly 6.375%). Municipalities in Valencia County will increase their rates as follows: Belen 8.1875% (formerly 7.8125%); Bosque Farms 8.0625% (formerly 7.6875%); Laguna Pueblo (2) 6.75% (formerly 6.375%); Los Lunas 7.9375% (formerly 7.5625%); Peralta 7.8125% (formerly 7.4375%); and Rio Communities 7.0625% (formerly 6.375%).

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