New Mexico vs Nebraska Taxes: Income, Property & Sales

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

New Mexico vs Nebraska Income Tax Comparison

	New Mexico	Nebraska
Income Tax Rates & Thresholds	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+	2.46%: $0-$3,440 3.51%: $3,440-$20,590 5.01%: $20,590-$33,180 6.84%: $33,181+
Median Income	$56,420	$78,360
Income Tax Paid On Median Household Income	$7,031	$13,912
Income After Tax Based on Median Household Income	$49,389	$64,448

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New Mexico vs Nebraska Property Tax Comparison

	New Mexico	Nebraska
Average Property Tax Rate	0.60%	1.36%
Average House Price By State	$293,766	$255,447
Average Property Tax Owed Per Year	$1,763	$3,474
Income After Income Taxes & Property Taxes Based On Median State Household Income	$47,626	$60,974

New Mexico vs Nebraska Sales Tax Comparison

	New Mexico	Nebraska
Average State Sales Tax	5.13%	5.50%
Average Local Sales Tax Across the State	2.71%	1.44%
Average Combined Sales Tax Rate	7.84%	6.94%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$3,462	$3,957
Maximum Disposable Income Based on Median Household Income	$44,164	$57,017

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

	New Mexico	Nebraska
Income Tax Owed	$4,086	$4,331
After Tax Income	$35,914	$35,669
Income After Income & Property Tax	$34,151	$32,195
Maximum Disposable Income After Income, Property & Sales Taxes	$31,669	$30,106

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

	New Mexico	Nebraska
Income Tax Owed	$7,994	$8,617
After Tax Income	$52,006	$51,383
Income After Income & Property Tax	$50,243	$47,909
Maximum Disposable Income After Income, Property & Sales Taxes	$46,591	$44,800

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

	New Mexico	Nebraska
Income Tax Owed	$13,374	$14,385
After Tax Income	$66,626	$65,615
Income After Income & Property Tax	$64,863	$62,141
Maximum Disposable Income After Income, Property & Sales Taxes	$60,148	$58,108

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

	New Mexico	Nebraska
Income Tax Owed	$18,754	$20,153
After Tax Income	$81,246	$79,847
Income After Income & Property Tax	$79,483	$76,373
Maximum Disposable Income After Income, Property & Sales Taxes	$73,705	$71,417

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

	New Mexico	Nebraska
Income Tax Owed	$11,704	$12,445
After Tax Income	$88,296	$87,555
Income After Income & Property Tax	$86,533	$84,081
Maximum Disposable Income After Income, Property & Sales Taxes	$80,242	$78,624

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

	New Mexico	Nebraska
Income Tax Owed	$24,209	$25,920
After Tax Income	$125,791	$124,080
Income After Income & Property Tax	$124,028	$120,606
Maximum Disposable Income After Income, Property & Sales Taxes	$115,012	$112,779

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

	New Mexico	Nebraska
Income Tax Owed	$37,659	$40,340
After Tax Income	$162,341	$159,660
Income After Income & Property Tax	$160,578	$156,186
Maximum Disposable Income After Income, Property & Sales Taxes	$148,904	$146,050

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

	New Mexico	Nebraska
Income Tax Owed	$52,028	$55,679
After Tax Income	$197,972	$194,321
Income After Income & Property Tax	$196,209	$190,847
Maximum Disposable Income After Income, Property & Sales Taxes	$181,945	$178,462

FAQ

Does New Mexico or Nebraska have lower income taxes?

New Mexico’s income tax falls into the following range:

• 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+

Whereas Nebraska’s income tax is the following

• 2.46%: $0-$3,440
• 3.51%: $3,440-$20,590
• 5.01%: $20,590-$33,180
• 6.84%: $33,181+

Does New Mexico or Nebraska have lower property taxes?

New Mexico has an average property tax rate of 0.60%

In comparison, Nebraska has an average property tax rate of 1.36%

Does New Mexico or Nebraska have lower sales taxes?

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%.

In contrast, Nebraska has a state sales tax rate of 5.50% and an average local rate of 1.44% for a combined total rate of 6.94%.

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

Based on median household income after income, property and sales taxes New Mexico gives you a maximum amount of disposable income of $44,164

In comparison, Nebraska gives you $57,017.

More Comparisons:

New Mexico vs Idaho
New Mexico vs West Virginia
New Mexico vs Hawaii
New Mexico vs New Hampshire
New Mexico vs Maine

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/