Gross Receipts Tax

 

The State of New Mexico imposes a gross receipts tax on most sales and services and distributes a portion to local governments (1.225%).  The City of Portales also levies local increments of gross receipts taxes for general operations, infrastructure, environmental and economic development purposes for a total enacted rate of 1.5625%.  The current gross receipts tax rate of 7.8125% within the City limits also includes increments imposed by the Hospital and Roosevelt County.  The table below shows a history of gross receipts tax rates within the City from 2002 to-date.

 

 

07/01/2002

01/01/2005**

01/01/2006*

07/01/2010**

01/01/2014*

7/1/2015 

State of New Mexico

4.5000%

5.0000%

5.0000%

5.1250%

5.1250%

 5.1250%

Roosevelt County

0.7500%

1.0000%

1.0625%

1.0625%

1.1250%

 1.5000%

City of Portales

1.5625%

1.5625%

1.5625%

1.5625%

1.5625%

 1.5625%

TOTAL

6.8125%

7.5625%

7.6250%

7.7500%

7.8125%

 8.1875%

 

 

*Tax rate change due to increase by Roosevelt County.

**Tax Rate change due to increase by State of New Mexico.

 

 
More information concerning enacted tax rates can be found here.

Contact Us


City Hall
100 W 1st St
Portales, NM 88130
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  • Phone: (575) 356-6662 x 1020
  • Personnel Directory
  • Hours: Monday-Friday: 8:00 a.m. - 5:00 p.m.* *The Office is closed for all designated City holidays.

More Information

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