New Mexico vs Washington DC Taxes: Income, Property & Sales

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

New Mexico vs Washington DC Income Tax Comparison

	New Mexico	Washington DC
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+	4.00%: $0-$10,000 6.00%: $10,001-$40,000 6.50%: $40,001-$60,000 8.50%: $60,001-$250,000 9.25%: $250,001-$500,000 9.75%: $500,001-$1,000,000 10.75%: $,1000,001+
Median Income	$56,420	$101,700
Income Tax Paid On Median Household Income	$7,031	$21,086
Income After Tax Based on Median Household Income	$49,389	$80,614

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New Mexico vs Washington DC Property Tax Comparison

	New Mexico	Washington DC
Average Property Tax Rate	0.60%	0.57%
Average House Price By State	$293,766	$728,227
Average Property Tax Owed Per Year	$1,763	$4,151
Income After Income Taxes & Property Taxes Based On Median State Household Income	$47,626	$76,463

New Mexico vs Washington DC Sales Tax Comparison

	New Mexico	Washington DC
Average State Sales Tax	5.13%	6.00%
Average Local Sales Tax Across the State	2.71%	0.00%
Average Combined Sales Tax Rate	7.84%	6.00%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$3,462	$4,328
Maximum Disposable Income Based on Median Household Income	$44,164	$72,135

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

	New Mexico	Washington DC
Income Tax Owed	$4,086	$4,463
After Tax Income	$35,914	$35,537
Income After Income & Property Tax	$34,151	$31,386
Maximum Disposable Income After Income, Property & Sales Taxes	$31,669	$29,610

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

	New Mexico	Washington DC
Income Tax Owed	$7,994	$8,626
After Tax Income	$52,006	$51,374
Income After Income & Property Tax	$50,243	$47,223
Maximum Disposable Income After Income, Property & Sales Taxes	$46,591	$44,550

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

	New Mexico	Washington DC
Income Tax Owed	$13,374	$14,467
After Tax Income	$66,626	$65,533
Income After Income & Property Tax	$64,863	$61,382
Maximum Disposable Income After Income, Property & Sales Taxes	$60,148	$57,908

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

	New Mexico	Washington DC
Income Tax Owed	$18,754	$20,567
After Tax Income	$81,246	$79,433
Income After Income & Property Tax	$79,483	$75,282
Maximum Disposable Income After Income, Property & Sales Taxes	$73,705	$71,021

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

	New Mexico	Washington DC
Income Tax Owed	$11,704	$13,179
After Tax Income	$88,296	$86,821
Income After Income & Property Tax	$86,533	$82,670
Maximum Disposable Income After Income, Property & Sales Taxes	$80,242	$77,991

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

	New Mexico	Washington DC
Income Tax Owed	$24,209	$27,484
After Tax Income	$125,791	$122,516
Income After Income & Property Tax	$124,028	$118,365
Maximum Disposable Income After Income, Property & Sales Taxes	$115,012	$111,665

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

	New Mexico	Washington DC
Income Tax Owed	$37,659	$42,734
After Tax Income	$162,341	$157,266
Income After Income & Property Tax	$160,578	$153,115
Maximum Disposable Income After Income, Property & Sales Taxes	$148,904	$144,448

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

	New Mexico	Washington DC
Income Tax Owed	$52,028	$58,903
After Tax Income	$197,972	$191,097
Income After Income & Property Tax	$196,209	$186,946
Maximum Disposable Income After Income, Property & Sales Taxes	$181,945	$176,364

FAQ

Does New Mexico or Washington DC 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 Washington DC’s income tax is the following

• 4.00%: $0-$10,000
• 6.00%: $10,001-$40,000
• 6.50%: $40,001-$60,000
• 8.50%: $60,001-$250,000
• 9.25%: $250,001-$500,000
• 9.75%: $500,001-$1,000,000
• 10.75%: $,1000,001+

Does New Mexico or Washington DC have lower property taxes?

New Mexico has an average property tax rate of 0.60%

In comparison, Washington DC has an average property tax rate of 0.57%

Does New Mexico or Washington DC 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, Washington DC has a state sales tax rate of 6.00% and an average local rate of 0.00% for a combined total rate of 6.00%.

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

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, Washington DC gives you $72,135.

More Comparisons:

New Mexico vs Vermont
New Mexico vs Wyoming
Nebraska vs Idaho
Nebraska vs West Virginia
Nebraska vs Hawaii

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/