Louisiana vs New Mexico Taxes: Income, Property & Sales

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

Louisiana vs New Mexico Income Tax Comparison

	Louisiana	New Mexico
Income Tax Rates & Thresholds	1.85%: $0-$12,500 3.50%: $12,501-$50,000 4.25%: $50,001+	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	$58,330	$56,420
Income Tax Paid On Median Household Income	$7,307	$7,031
Income After Tax Based on Median Household Income	$51,023	$49,389

Top Accounting Software:

Louisiana vs New Mexico Property Tax Comparison

	Louisiana	New Mexico
Average Property Tax Rate	0.53%	0.60%
Average House Price By State	$200,947	$293,766
Average Property Tax Owed Per Year	$1,065	$1,763
Income After Income Taxes & Property Taxes Based On Median State Household Income	$49,958	$47,626

Louisiana vs New Mexico Sales Tax Comparison

	Louisiana	New Mexico
Average State Sales Tax	4.45%	5.13%
Average Local Sales Tax Across the State	5.10%	2.71%
Average Combined Sales Tax Rate	9.55%	7.84%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$4,355	$3,462
Maximum Disposable Income Based on Median Household Income	$45,603	$44,164

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

	Louisiana	New Mexico
Income Tax Owed	$4,077	$4,086
After Tax Income	$35,923	$35,914
Income After Income & Property Tax	$34,858	$34,151
Maximum Disposable Income After Income, Property & Sales Taxes	$31,819	$31,669

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

	Louisiana	New Mexico
Income Tax Owed	$7,745	$7,994
After Tax Income	$52,255	$52,006
Income After Income & Property Tax	$51,190	$50,243
Maximum Disposable Income After Income, Property & Sales Taxes	$46,728	$46,591

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

	Louisiana	New Mexico
Income Tax Owed	$12,995	$13,374
After Tax Income	$67,005	$66,626
Income After Income & Property Tax	$65,940	$64,863
Maximum Disposable Income After Income, Property & Sales Taxes	$60,192	$60,148

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

	Louisiana	New Mexico
Income Tax Owed	$18,245	$18,754
After Tax Income	$81,755	$81,246
Income After Income & Property Tax	$80,690	$79,483
Maximum Disposable Income After Income, Property & Sales Taxes	$73,656	$73,705

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

	Louisiana	New Mexico
Income Tax Owed	$11,253	$11,704
After Tax Income	$88,747	$88,296
Income After Income & Property Tax	$87,682	$86,533
Maximum Disposable Income After Income, Property & Sales Taxes	$80,038	$80,242

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

	Louisiana	New Mexico
Income Tax Owed	$23,366	$24,209
After Tax Income	$126,634	$125,791
Income After Income & Property Tax	$125,569	$124,028
Maximum Disposable Income After Income, Property & Sales Taxes	$114,623	$115,012

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

	Louisiana	New Mexico
Income Tax Owed	$36,491	$37,659
After Tax Income	$163,509	$162,341
Income After Income & Property Tax	$162,444	$160,578
Maximum Disposable Income After Income, Property & Sales Taxes	$148,283	$148,904

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

	Louisiana	New Mexico
Income Tax Owed	$50,535	$52,028
After Tax Income	$199,465	$197,972
Income After Income & Property Tax	$198,400	$196,209
Maximum Disposable Income After Income, Property & Sales Taxes	$181,105	$181,945

FAQ

Does Louisiana or New Mexico have lower income taxes?

Louisiana’s income tax falls into the following range:

• 1.85%: $0-$12,500
• 3.50%: $12,501-$50,000
• 4.25%: $50,001+

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 Louisiana or New Mexico have lower property taxes?

Louisiana has an average property tax rate of 0.53%

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

Does Louisiana or New Mexico have lower sales taxes?

Louisiana has a state sales tax rate of 4.45% and an average local rate of 5.10% for a combined total rate of 9.55%.

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 Louisiana or New Mexico?

Based on median household income after income, property and sales taxes Louisiana gives you a maximum amount of disposable income of $45,603

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

More Comparisons:

Louisiana vs Nebraska
Louisiana vs Idaho
Louisiana vs West Virginia
Louisiana vs Hawaii
Louisiana 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/