Saturday, June 2, 2007

Property Taxes

New Mexico retains its lofty status as being among the states with the lowest real property tax per capita. Only Alabama and Arkansas charge less property tax New Mexico's $448 per capita in 2005, according to the Tax Foundation. The Foundation's table, prepared using Census data, is posted in our economic data section. The ringer is that New Mexico's 15.8% increase between 2000 and 2005 ranks 17th in the nation. We have a way to go to catch Oklahoma's $485 per capita property tax. But with the Sooner State's 13.3% five-year increase, we are hot on their trail.

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