NM Gross Receipts Tax Location Codes & Rates

A space for the New Mexico Gross Receipts Tax Location Code has been added to RANM Form 1106: Listing Agreement – Exclusive Right to Sell, for the listing REALTOR® to fill in so that the proper amount of Gross Receipts Tax is computed and collected by the title company.

There are a few ways to determine the proper location code:

  • table-icon
    Use a Tax Rate Table
    The New Mexico Dept. of Tax & Revenue publishes a table listing the municipalities, counties, and other tax zones in the state along with their location codes and tax rates. It can sometimes prove difficult to determine exactly where the property in question lies, since the descriptions of some of the tax zones can be vague. Keep in mind that the table is subject to change every 6 months (in June and December), so be sure to download a new version if yours is outdated.
  • googleearthicon
    Create a Tax Rate Map (using Google Earth installed on your PC or Mac)
    A simpler and potentially more accurate way to look up the location code is with a tax rate map, which you can create yourself in minutes. All that’s required is to download and install Google Earth, then download a map overlay (.KMZ file) from the NM Dept. of Tax & Revenue website. Once you have Google Earth and the map overlay installed,
    1. Find your property’s location using an address search;
    2. Click the property on the map;
    3. The GRT location code and rate will be displayed in a pop-up box.

    The map overlay is also subject to change every June and December, so don’t forget to keep it updated. Credit for this method goes to Larry Brotman of the NM Dept. of Tax & Revenue, Nadine Thomason of Platinum Realty Group, and Nick Fowler at GAAR.

  • googlemapsicon
    Use a Tax Rate Map (from any Web browser) (RECOMMENDED)
    For an even simpler method that requires no software installation on your computer, simply navigate to one of the following web pages (the map is broken up into districts due to technical constraints), then:
    1. Find your property’s location using an address search;
    2. Click the property on the map;
    3. The GRT location code and rate will be displayed to the left.

    Credit for this idea goes to Tego Venturi of Keller Williams in Albuquerque; map overlay created by Larry Brotman and Nadine Thomason.

    Northern NM GRT Map (updated 1/6/2017)
    Southern NM GRT Map (updated 1/6/2017)

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