Gross Receipts Tax Rate

The current gross receipts tax rate in unincorporated portions of Sandoval County is 6.375%. Of that amount, 5.125% is the rate set by the state. That means Sandoval County receives roughly slightly more than a penny for every dollar in taxes paid for a business transaction in the county, with the state receiving a little more than five cent. Tax rates for incorporated areas of the county vary according to how much the individual municipality has added to the state’s 5.125% rate. The county does not receive any gross receipts revenue from transactions in incorporated areas. The table below has current gross receipt rates for various part of the county. This data in the table comes from the New Mexico Department of Taxation and Revenue.