Farmington, New Mexico — Tax Burden
What is the tax burden in Farmington, New Mexico?
Farmington, New Mexico has a total tax burden of 9.19%, ranking #4296 nationally. Property tax rate: 0.62%, state income tax: 4.445%, sales tax: 7.72%. Median household income is $61,388.
Source: US Census ACS, 2022
Ranked #4296 nationally for total tax burden among 6,688+ US cities.
Total Tax Burden
9.19%
Rank: 4296th nationally
Property Tax Rate
0.62%
Rank: 5638th nationally
Income Tax Rate
4.445%
New Mexico state rate
Sales Tax Rate
7.72%
State + local combined
Tax Burden Breakdown
Property (24%)Income (48%)Sales (28%)
Median Income: $61,388
Median Home Value: $219,300
Median Property Tax: $1,351/yr
Population: 46,457