Georgia vs New Mexico Taxes: Income, Property & Sales

Does Georgia or New Mexico have lower taxes? We answer that in a variety of ways below:

Georgia vs New Mexico Income Tax Comparison

	Georgia	New Mexico
Income Tax Rates & Thresholds	1.00%: $0-$750 2.00%: $751-$2,250 3.00%: $2,251-$3,750 4.00%: $3,751-$5,250 5.00%: $5,251-$7,000 5.75%: $7,000+	1.70%: $0-$5,500 3.20%: $5,501-$11,000 4.70%: $11,001-$16,000 4.90%: $16,001-$210,000 5.90%: $210,001+
Median Income	$67,730	$56,420
Income Tax Paid On Median Household Income	$10,971	$7,031
Income After Tax Based on Median Household Income	$56,759	$49,389

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Georgia vs New Mexico Property Tax Comparison

	Georgia	New Mexico
Average Property Tax Rate	0.70%	0.60%
Average House Price By State	$320,437	$293,766
Average Property Tax Owed Per Year	$2,243	$1,763
Income After Income Taxes & Property Taxes Based On Median State Household Income	$54,516	$47,626

Georgia vs New Mexico Sales Tax Comparison

	Georgia	New Mexico
Average State Sales Tax	4.00%	5.13%
Average Local Sales Tax Across the State	3.35%	2.71%
Average Combined Sales Tax Rate	7.35%	7.84%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$3,733	$3,462
Maximum Disposable Income Based on Median Household Income	$50,783	$44,164

After Tax Comparison Earning $40,000 Per Year Filing As Single

	Georgia	New Mexico
Income Tax Owed	$4,748	$4,086
After Tax Income	$35,252	$35,914
Income After Income & Property Tax	$33,009	$34,151
Maximum Disposable Income After Income, Property & Sales Taxes	$30,749	$31,669

After Tax Comparison Earning $60,000 Per Year Filing As Single

	Georgia	New Mexico
Income Tax Owed	$8,826	$7,994
After Tax Income	$51,174	$52,006
Income After Income & Property Tax	$48,931	$50,243
Maximum Disposable Income After Income, Property & Sales Taxes	$45,581	$46,591

After Tax Comparison Earning $80,000 Per Year Filing As Single

	Georgia	New Mexico
Income Tax Owed	$14,376	$13,374
After Tax Income	$65,624	$66,626
Income After Income & Property Tax	$63,381	$64,863
Maximum Disposable Income After Income, Property & Sales Taxes	$59,041	$60,148

After Tax Comparison Earning $100,000 Per Year Filing As Single

	Georgia	New Mexico
Income Tax Owed	$19,926	$18,754
After Tax Income	$80,074	$81,246
Income After Income & Property Tax	$77,831	$79,483
Maximum Disposable Income After Income, Property & Sales Taxes	$72,502	$73,705

After Tax Comparison Earning $100,000 Per Year Filing As Married Filing Jointly

	Georgia	New Mexico
Income Tax Owed	$13,225	$11,704
After Tax Income	$86,775	$88,296
Income After Income & Property Tax	$84,532	$86,533
Maximum Disposable Income After Income, Property & Sales Taxes	$78,744	$80,242

After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly

	Georgia	New Mexico
Income Tax Owed	$26,155	$24,209
After Tax Income	$123,845	$125,791
Income After Income & Property Tax	$121,602	$124,028
Maximum Disposable Income After Income, Property & Sales Taxes	$113,276	$115,012

After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly

	Georgia	New Mexico
Income Tax Owed	$40,030	$37,659
After Tax Income	$159,970	$162,341
Income After Income & Property Tax	$157,727	$160,578
Maximum Disposable Income After Income, Property & Sales Taxes	$146,928	$148,904

After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly

	Georgia	New Mexico
Income Tax Owed	$54,824	$52,028
After Tax Income	$195,176	$197,972
Income After Income & Property Tax	$192,933	$196,209
Maximum Disposable Income After Income, Property & Sales Taxes	$179,723	$181,945

FAQ

Does Georgia or New Mexico have lower income taxes?

Georgia’s income tax falls into the following range:

• 1.00%: $0-$750
• 2.00%: $751-$2,250
• 3.00%: $2,251-$3,750
• 4.00%: $3,751-$5,250
• 5.00%: $5,251-$7,000
• 5.75%: $7,000+

Whereas New Mexico’s income tax is the following

• 1.70%: $0-$5,500
• 3.20%: $5,501-$11,000
• 4.70%: $11,001-$16,000
• 4.90%: $16,001-$210,000
• 5.90%: $210,001+

Does Georgia or New Mexico have lower property taxes?

Georgia has an average property tax rate of 0.70%

In comparison, New Mexico has an average property tax rate of 0.60%

Does Georgia or New Mexico have lower sales taxes?

Georgia has a state sales tax rate of 4.00% and an average local rate of 3.35% for a combined total rate of 7.35%.

In contrast, New Mexico has a state sales tax rate of 5.13% and an average local rate of 2.71% for a combined total rate of 7.84%.

Do you get to keep more money in Georgia or New Mexico?

Based on median household income after income, property and sales taxes Georgia gives you a maximum amount of disposable income of $50,783

In comparison, New Mexico gives you $44,164.

More Comparisons:

Georgia vs Nebraska
Georgia vs Idaho
Georgia vs West Virginia
Georgia vs Hawaii
Georgia vs New Hampshire

Sources:

https://en.wikipedia.org/wiki/State_income_tax#Rates_by_jurisdiction

https://www.bankrate.com/real-estate/property-tax-by-state/#by-state

https://fred.stlouisfed.org/release/tables?eid=259515&rid=249

https://www.fool.com/the-ascent/research/average-house-price-state/

https://taxfoundation.org/data/all/state/2022-sales-taxes/

https://www.forbes.com/advisor/income-tax-calculator/