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Get Nm Business Personal Property Declaration 2019-2025

ZSanta Fe County AssessorKChief Deputy AssessorKeycode #:Dear Business Owner, Enclosed are Business Personal Property declaration forms for the 2020 tax year. All personal property (e.g. furniture,.

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Overview of New Mexico Taxes New Mexico has some of the lowest property tax rates in the U.S. The state's average effective property tax rate is 0.73%.

New Mexico Tax Rates, Collections, and Burdens New Mexico also has a 4.8 percent to 5.9 percent corporate income tax rate. New Mexico has a 5.0 percent state sales tax rate, a max local sales tax rate of 3.813 percent, and an average combined state and local sales tax rate of 7.72 percent.

Personal property is exempt from property tax unless provided by statute.

Business owners are required by State law to render personal property that is used in a business or used to produce income. This property includes furniture and fixtures, equipment, machinery, computers, inventory held for sale or rental, raw materials, finished goods, and work in process.

Manufactured homes registered as motor vehicles are also subject to the motor vehicle excise tax. Unregistered vehicles for which the owner has claimed a deduction against federal income tax liability are taxable. Personal property is exempt from property tax unless provided by statute.

Overview of New Mexico Taxes New Mexico has some of the lowest property tax rates in the U.S. The state's average effective property tax rate is 0.73%.

How do New Mexico property taxes work? Property taxes are based on the market value of your property. Each year, County Assessors are required to value properties at their "market value" or the amount an unobligated buyer would pay for the property. The state limits an increase in property values by 3% every year.

Residential and non-residential property taxes are assessed by County Assessors and collected by County Treasurers with oversight from Property Tax Division. Three bureaus make up Property Tax Division: Appraisal Bureau, State Assessed Property Bureau and Delinquent Property Tax Bureau.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232