New Mexico vs West Virginia Taxes: Income, Property & Sales

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

New Mexico vs West Virginia Income Tax Comparison

	New Mexico	West Virginia
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+	3.00%: $0-$10,000 4.00%: $10,001-$25,000 4.50%: $25,001-$40,000 6.00%: $40,001-$60,000 6.50%: $60,001+
Median Income	$56,420	$52,460
Income Tax Paid On Median Household Income	$7,031	$6,738
Income After Tax Based on Median Household Income	$49,389	$45,722

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New Mexico vs West Virginia Property Tax Comparison

	New Mexico	West Virginia
Average Property Tax Rate	0.60%	0.47%
Average House Price By State	$293,766	$155,687
Average Property Tax Owed Per Year	$1,763	$732
Income After Income Taxes & Property Taxes Based On Median State Household Income	$47,626	$44,990

New Mexico vs West Virginia Sales Tax Comparison

	New Mexico	West Virginia
Average State Sales Tax	5.13%	6.00%
Average Local Sales Tax Across the State	2.71%	0.52%
Average Combined Sales Tax Rate	7.84%	6.52%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$3,462	$2,754
Maximum Disposable Income Based on Median Household Income	$44,164	$42,236

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

	New Mexico	West Virginia
Income Tax Owed	$4,086	$4,525
After Tax Income	$35,914	$35,475
Income After Income & Property Tax	$34,151	$34,743
Maximum Disposable Income After Income, Property & Sales Taxes	$31,669	$32,617

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

	New Mexico	West Virginia
Income Tax Owed	$7,994	$8,623
After Tax Income	$52,006	$51,377
Income After Income & Property Tax	$50,243	$50,645
Maximum Disposable Income After Income, Property & Sales Taxes	$46,591	$47,545

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

	New Mexico	West Virginia
Income Tax Owed	$13,374	$8,623
After Tax Income	$66,626	$71,377
Income After Income & Property Tax	$64,863	$70,645
Maximum Disposable Income After Income, Property & Sales Taxes	$60,148	$66,321

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

	New Mexico	West Virginia
Income Tax Owed	$18,754	$20,013
After Tax Income	$81,246	$79,987
Income After Income & Property Tax	$79,483	$79,255
Maximum Disposable Income After Income, Property & Sales Taxes	$73,705	$74,404

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

	New Mexico	West Virginia
Income Tax Owed	$11,704	$13,596
After Tax Income	$88,296	$86,404
Income After Income & Property Tax	$86,533	$85,672
Maximum Disposable Income After Income, Property & Sales Taxes	$80,242	$80,428

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

	New Mexico	West Virginia
Income Tax Owed	$24,209	$26,901
After Tax Income	$125,791	$123,099
Income After Income & Property Tax	$124,028	$122,367
Maximum Disposable Income After Income, Property & Sales Taxes	$115,012	$114,877

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

	New Mexico	West Virginia
Income Tax Owed	$37,659	$41,151
After Tax Income	$162,341	$158,849
Income After Income & Property Tax	$160,578	$158,117
Maximum Disposable Income After Income, Property & Sales Taxes	$148,904	$148,439

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

	New Mexico	West Virginia
Income Tax Owed	$52,028	$56,320
After Tax Income	$197,972	$193,680
Income After Income & Property Tax	$196,209	$192,948
Maximum Disposable Income After Income, Property & Sales Taxes	$181,945	$181,138

FAQ

Does New Mexico or West Virginia 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 West Virginia’s income tax is the following

• 3.00%: $0-$10,000
• 4.00%: $10,001-$25,000
• 4.50%: $25,001-$40,000
• 6.00%: $40,001-$60,000
• 6.50%: $60,001+

Does New Mexico or West Virginia have lower property taxes?

New Mexico has an average property tax rate of 0.60%

In comparison, West Virginia has an average property tax rate of 0.47%

Does New Mexico or West Virginia 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, West Virginia has a state sales tax rate of 6.00% and an average local rate of 0.52% for a combined total rate of 6.52%.

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

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, West Virginia gives you $42,236.

More Comparisons:

New Mexico vs Hawaii
New Mexico vs New Hampshire
New Mexico vs Maine
New Mexico vs Montana
New Mexico vs Rhode Island

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/