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Albuquerque New Mexico online Form Instructions 1040 (Schedule D): What You Should Know

About New Mexico Income Tax New Mexico tax code provides for a flat tax rate of zero percent. The tax, however, varies by property.  The property tax code of New Mexico uses a graduated scale: property of 3,000 and above is at the same rate as property of 200 to 600.  New Mexico Tax Forms and Instructions, 2025 Edition New Mexico Income Tax Information 2 2 2 Personal (3%) 10.0 9.5 8.75 8.2 6.7 10.0 10.5 Business (2%) 8.00 5.00 4.67 3.33 2.67 8.00 7.33 Sales, Use, and Other Specified Income (6%) 10.0 10.5 9.35 8.4 7.65 10.0 10.5 10.1 Personal (5%) 10.0 9.45 8.65 7.95 7.05 10.5 9.85 Income from Self-employment (6%) 10.0 9.5 10.45 8.45 7.65 10.0 9.60 10.0 Income from Partnership, C Corporate, etc. (4%) 6.00 4.75 4.6 5.15 5.1 5.3 6.00 5.0 Other (4%) 5.15 4.6 5.15 5.35 5.5 5.5 6.15 5.0 2 2 2 Personal (3%) 10.0 9.5 8.75 8.2 6.7 10.0 10.5 Business (2%) 8.00 5.00 4.67 3.33 2.67 8.00 7.33 Sales, Use, and Other Specified Income (6%) 10.0 10.5 9.35 8.4 7.65 10.0 10.5 10.1 Personal (5%) 10.0 9.45 8.65 7.95 7.05 10.5 9.85 Income from Self-employment (6%) 10.0 9.5 10.45 8.45 7.65 10.0 9.60 10.0 Income from Partnership, C Corporate, etc. (4%) 6.00 4.75 4.6 5.15 5.1 5.3 6.00 5.0 Other (4%) 5.15 4.6 5.15 5.35 5.5 5.5 6.

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