Oregon vs New Mexico Taxes: Income, Property & Sales

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

Oregon vs New Mexico Income Tax Comparison

	Oregon	New Mexico
Income Tax Rates & Thresholds	4.75%: $0-$3,750 6.75%: $3,751-$9,450 8.75%: $9,451-$125,000 9.90%: $125,001+	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	$86,780	$56,420
Income Tax Paid On Median Household Income	$18,965	$7,031
Income After Tax Based on Median Household Income	$67,815	$49,389

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Oregon vs New Mexico Property Tax Comparison

	Oregon	New Mexico
Average Property Tax Rate	0.78%	0.60%
Average House Price By State	$506,627	$293,766
Average Property Tax Owed Per Year	$3,952	$1,763
Income After Income Taxes & Property Taxes Based On Median State Household Income	$63,863	$47,626

Oregon vs New Mexico Sales Tax Comparison

	Oregon	New Mexico
Average State Sales Tax	0.00%	5.13%
Average Local Sales Tax Across the State	0.00%	2.71%
Average Combined Sales Tax Rate	0.00%	7.84%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$0	$3,462
Maximum Disposable Income Based on Median Household Income	$63,863	$44,164

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

	Oregon	New Mexico
Income Tax Owed	$6,052	$4,086
After Tax Income	$33,948	$35,914
Income After Income & Property Tax	$29,996	$34,151
Maximum Disposable Income After Income, Property & Sales Taxes	$29,996	$31,669

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

	Oregon	New Mexico
Income Tax Owed	$10,730	$7,994
After Tax Income	$49,270	$52,006
Income After Income & Property Tax	$45,318	$50,243
Maximum Disposable Income After Income, Property & Sales Taxes	$45,318	$46,591

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

	Oregon	New Mexico
Income Tax Owed	$16,880	$13,374
After Tax Income	$63,120	$66,626
Income After Income & Property Tax	$59,168	$64,863
Maximum Disposable Income After Income, Property & Sales Taxes	$59,168	$60,148

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

	Oregon	New Mexico
Income Tax Owed	$23,030	$18,754
After Tax Income	$76,970	$81,246
Income After Income & Property Tax	$73,018	$79,483
Maximum Disposable Income After Income, Property & Sales Taxes	$73,018	$73,705

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

	Oregon	New Mexico
Income Tax Owed	$16,255	$11,704
After Tax Income	$83,745	$88,296
Income After Income & Property Tax	$79,793	$86,533
Maximum Disposable Income After Income, Property & Sales Taxes	$79,793	$80,242

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

	Oregon	New Mexico
Income Tax Owed	$30,685	$24,209
After Tax Income	$119,315	$125,791
Income After Income & Property Tax	$115,363	$124,028
Maximum Disposable Income After Income, Property & Sales Taxes	$115,363	$115,012

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

	Oregon	New Mexico
Income Tax Owed	$46,060	$37,659
After Tax Income	$153,940	$162,341
Income After Income & Property Tax	$149,988	$160,578
Maximum Disposable Income After Income, Property & Sales Taxes	$149,988	$148,904

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

	Oregon	New Mexico
Income Tax Owed	$62,354	$52,028
After Tax Income	$187,646	$197,972
Income After Income & Property Tax	$183,694	$196,209
Maximum Disposable Income After Income, Property & Sales Taxes	$183,694	$181,945

FAQ

Does Oregon or New Mexico have lower income taxes?

Oregon’s income tax falls into the following range:

• 4.75%: $0-$3,750
• 6.75%: $3,751-$9,450
• 8.75%: $9,451-$125,000
• 9.90%: $125,001+

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 Oregon or New Mexico have lower property taxes?

Oregon has an average property tax rate of 0.78%

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

Does Oregon or New Mexico have lower sales taxes?

Oregon has a state sales tax rate of 0.00% and an average local rate of 0.00% for a combined total rate of 0.00%.

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 Oregon or New Mexico?

Based on median household income after income, property and sales taxes Oregon gives you a maximum amount of disposable income of $63,863

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

More Comparisons:

Oregon vs Nebraska
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Oregon vs West Virginia
Oregon vs Hawaii
Oregon 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/