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New Mexico Vacation Rental Tax Calculator
Estimate your property tax, lodging tax, federal & state income tax, and depreciation deductions for your New Mexico vacation rental property.
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What Taxes Apply to New Mexico Short-Term Rentals?
New Mexico STR hosts are subject to several types of taxes. Understanding which ones apply — and who collects them — is the first step toward compliance.
Sales Tax
New Mexico applies its state sales tax to short-term rental stays — currently at a base rate that contributes to combined lodging rates of 15.63%. Cities may add local sales tax on top.
Occupancy / Transient Lodging Tax
New Mexico's lodging/occupancy tax is the primary STR-specific tax. Combined rates reach 15.63% in Albuquerque and 15.44% in Santa Fe. This includes state, county, and city-level components.
Tourism / Convention Center Tax
While New Mexico doesn't have a prominent statewide tourism tax, some cities and resort areas may levy additional tourism development or marketing district assessments of 1–3%.
Federal & State Income Tax
Net rental profit is subject to both federal income tax (10–37% in 2026) and New Mexico's state income tax at 4.9%. Reported on Schedule E (Form 1040). Deduct expenses like mortgage interest, repairs, and depreciation.
Property Tax
New Mexico's average effective property tax rate is 0.8%. Assessed annually on market value. STRs may face higher assessments in some jurisdictions.
Does Airbnb Collect and Remit Taxes in New Mexico?
Airbnb has agreements to collect and remit taxes in New Mexico — but coverage is not always complete.
- Airbnb collects New Mexico's state-level lodging tax in most jurisdictions.
- In Albuquerque and Santa Fe: Airbnb may or may not collect all county/city taxes.
- Rural areas: You're often fully responsible for all local tax collection.
- Even where Airbnb collects, you may owe additional local levies or special district taxes.
Bottom line: Never assume Airbnb handles all your New Mexico tax obligations. Verify with your local tax authority.
Do You Need a Tax Permit in New Mexico?
In most New Mexico jurisdictions, yes. Common permits and registrations required:
- State sales tax permit / seller's permit
- City or county business license
- Short-term rental operating permit
- Lodging tax registration certificate
Consequences of non-compliance
5–25% penalties on unpaid taxes in New Mexico
Revocation of rental permit
Liens on your property
Short-Term Rental Taxes in New Mexico
Key tax facts every vacation rental host in New Mexico should know.
State GRT: 5.125% (applies to lodging)
City lodgers' tax: 4–6%
County taxes: 2–3%
State income tax: ~4.9%
Property tax rate: ~0.80%
Lodging Tax Rates by City in New Mexico
Combined lodging/occupancy tax rates for major vacation rental markets in New Mexico.
7.625% GRT + 6% lodgers tax + 2% TMD
5.125% state + 3.0625% county + 4.25% city + 3% lodging
Combined state + local
Rates are estimates based on 2024-2025 data. Always verify with your local tax authority.
FAQs About New Mexico Vacation Rental Taxes
Common questions about short-term rental taxes, permits, and compliance in New Mexico.
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