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Red River Sales Tax Rates for 2024
Red River in New Mexico has a tax rate of 8.63% for 2024, this includes the New Mexico Sales Tax Rate of 5.13% and Local Sales Tax Rates in Red River totaling 3.5%. You can find more tax rates and allowances for Red River and New Mexico in the 2024 New Mexico Tax Tables.
How Does Sales Tax in Red River compare to the rest of New Mexico?
New Mexico has 115 seperate areas each with their own Sales Tax rates with the lowest Sales Tax rate in New Mexico being 5.5% and the highest Sales Tax rate in New Mexico at 8.94%.
How is Sales Tax Calculated in Red River, New Mexico
Sales Tax in Red River, New Mexico is calculated using the following formula:
Where:
- s = New Mexico State Sales Tax Rate (5.13%)
- c = County Sales Tax Rate
- l = Local Sales Tax Rate
- sr = Special Sales Tax Rate
You can calculate Sales Tax manually using the formula or use the Red River Sales Tax Calculator or compare Sales Tax between different locations within New Mexico using the New Mexico State Sales Tax Comparison Calculator.