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Yesterday, 09:45 AM
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13 posts, read 1,711 times
Reputation: 34
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The subject of taxes on land got me wondering. Does New Mexico, and more specifically Otero county, have annual taxes on cars or trucks? If so, how is that calculated.?
I've done some searching and can't find an answer. I keep coming back to real estate. But that doesn't mean there isn't any. I pay it here and when I search I can't find mention of it for this area either.
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Yesterday, 09:54 AM
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Location: Abu Al-Qurq
3,621 posts, read 7,378,271 times
Reputation: 2785
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NM doesn't have personal property taxes the way a lot of states out east do. The notion of paying a tax on what you already own, down to the furniture in your house, is really alien to us (and we know aliens!).
You have to pay insurance and registration on cars and trucks. You do not have to pay taxes, except when titles are transferred (as you would in a sale).
NM does have real estate property taxes.
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Yesterday, 09:57 AM
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Location: On the Border
2,284 posts, read 2,851,596 times
Reputation: 2044
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Quote:
Originally Posted by phydeaux3
The subject of taxes on land got me wondering. Does New Mexico, and more specifically Otero county, have annual taxes on cars or trucks? If so, how is that calculated.?
I've done some searching and can't find an answer. I keep coming back to real estate. But that doesn't mean there isn't any. I pay it here and when I search I can't find mention of it for this area either.
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Only by way of registration. For my 2013 Tacoma it's about $75 per year. You get a discount if you pay multiple years.
Mobile homes are taxed as personal property by the Assessor's office if they are not ground set and permanently attached. For commercial it may well be different and I think I remember that it is, but on the state level not county. |
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Yesterday, 10:00 AM
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13 posts, read 1,711 times
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Thanks for the replies! That's about what I figured, but I couldn't find any evidence of it.
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Today, 05:06 PM
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4 posts, read 1,718 times
Reputation: 14
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Quote:
Originally Posted by TKO
Only by way of registration. For my 2013 Tacoma it's about $75 per year. You get a discount if you pay multiple years.
Mobile homes are taxed as personal property by the Assessor's office if they are not ground set and permanently attached. For commercial it may well be different and I think I remember that it is, but on the state level not county.
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I occasionally see mobile homes for sale in Otero County that state "title deactivated and taxed as real property." Does this mean lower taxes? Also does it complicate or simplify the sale or make no difference? Could you please clarify? TIA |
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Today, 05:44 PM
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Location: New Mexico U.S.A.
24,367 posts, read 39,391,278 times
Reputation: 28437
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Today, 07:44 PM
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Location: On the Border
2,284 posts, read 2,851,596 times
Reputation: 2044
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Quote:
Originally Posted by twist_off
I occasionally see mobile homes for sale in Otero County that state "title deactivated and taxed as real property." Does this mean lower taxes? Also does it complicate or simplify the sale or make no difference? Could you please clarify? TIA
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Not lower taxes. Easier to get a mortgage though. Simplifies sale because of mortgage situation. |
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