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New Mexico Taxation and Revenue Department; Department overview; Type: Taxation & Revenue Services: Jurisdiction: State of New Mexico: Headquarters: 1100 South St. Francis Drive Santa Fe, New Mexico 87504-1028: Employees: 803: Annual budget: US$ 90,078,526.00 [1] Department executive
Regular military salaries of New Mexico residents serving in the U.S. military are subject to the income tax, but since 2007, active-duty military salaries have been exempt from the state income tax. [7] [8] Personal income tax rates for New Mexico range from 1.7% to 4.9%, within four income brackets. [9]
She began work in the Bernalillo County Assessor's Office in 1991, serving as chair of the County Valuation Protest Board, and in 2004 became a senior appraiser in the New Mexico Property Tax Division. She was first elected Bernalillo County Assessor in 2006, and re-elected in 2010. [1]
Generally, property owners receive a notice of value by April 1, but the County Assessor's Office asked the state Property Tax Division for an extension this year to sort through short-term rental ...
Today property tax rates reflect the reality that in New Mexico many people are land rich and cash poor. Other components in the Tax Foundation’s 2024 State Business Tax Climate Index are mixed.
Since 2020, EMNRD reported 12,000 New Mexico homeowners received solar tax credits, saving about $1,624 per year on energy costs. The projects added a total of 97 megawatts to the state’s power ...
In 2004, Eichenberg served as the property tax director for the New Mexico Taxation and Revenue Department during the tenure of Bill Richardson. [1] In his position, he supervised the work of all New Mexico county assessors. Eichenberg was elected to the New Mexico Senate in 2008 and assumed office in January 2009. [3]
And like New Mexico, there's a federal tax credit for charging stations, available for infrastructure set up between 2022 and 2033. For consumers, the credit is 30% of the unit cost or $1,000 ...