Corrales, New Mexico — Tax Burden
What is the tax burden in Corrales, New Mexico?
Corrales, New Mexico has a total tax burden of 10.53%, ranking #3079 nationally. Property tax rate: 0.66%, state income tax: 4.606%, sales tax: 7.72%. Median household income is $94,966.
Source: US Census ACS, 2022
Ranked #3079 nationally for total tax burden among 6,688+ US cities.
Total Tax Burden
10.53%
Rank: 3079th nationally
Property Tax Rate
0.66%
Rank: 5397th nationally
Income Tax Rate
4.606%
New Mexico state rate
Sales Tax Rate
7.72%
State + local combined
Tax Burden Breakdown
Property (32%)Income (44%)Sales (24%)
Median Income: $94,966
Median Home Value: $488,300
Median Property Tax: $3,207/yr
Population: 8,495