Lovington, New Mexico — Tax Burden
What is the tax burden in Lovington, New Mexico?
Lovington, New Mexico has a total tax burden of 8.13%, ranking #5062 nationally. Property tax rate: 0.50%, state income tax: 4.501%, sales tax: 7.72%. Median household income is $70,029.
Source: US Census ACS, 2022
Ranked #5062 nationally for total tax burden among 6,688+ US cities.
Total Tax Burden
8.13%
Rank: 5062nd nationally
Property Tax Rate
0.50%
Rank: 6179th nationally
Income Tax Rate
4.501%
New Mexico state rate
Sales Tax Rate
7.72%
State + local combined
Tax Burden Breakdown
Property (13%)Income (55%)Sales (31%)
Median Income: $70,029
Median Home Value: $151,000
Median Property Tax: $758/yr
Population: 11,495