![]() New Mexico also has a 4.8 percent to 5. New Mexico levies a tax on the net income of every resident or nonresident employed or engaged in the transaction of business in, into or from the state. New Mexico has a graduated individual income tax, with rates ranging from 1.70 percent to 5.90 percent. Purchased in Los Lunas then 8.3125% purchased in Valencia County then 6.875%. Gross receipts tax is paid according to where an item is purchased. Gross receipts (sales) tax are: Los Lunas and Belen are 8.3125%, Bosque Farms is 8.1875% and Valencia County, 6.875%. In New Mexico all tangible personal and real property is subject to an ad valorem tax which is assessed by each county at the rate of 33.33% of value. Los Alamos county ($101,934), Sandoval county ($58,982), Lea county ($57,533), Eddy county ($56,618), and Santa Fe county ($54,315) have the 1st through 5th highest median household incomes in NM, respectively. According to the 2010 US Decennial Census, the population of Valencia County was 76,569, and the American Community Survey estimated population for 2015 was 75,737.īased on 2011-2015 American Community Survey 5-Year Estimates, the median household of Valencia County is $41,703 - the 8th highest in the state. Unincorporated areas include Tomé, Adelino, Meadow Lake, El Cerro, Valencia, El Cerro Mission, Las Maravillas, and a few others. Incorporated areas are the Village of Los Lunas, Village of Bosque Farms, Town of Peralta, City of Belen, and City of Rio Communities. Valencia County is populated by several communities. ![]() Monday - Friday, 8:00am - 5:00pm (Except Village Holidays) Tax credits are only awarded in certain circumstances, however. ![]() In other words, you would only owe 800 to the federal government. Historically, the Village was an agricultural community and once the center of the local dairy industry, while hay and alfalfa were the area’s two main forage products. For example, if you calculate that you have tax liability of 1,000 based on your taxable income and your tax bracket, and you are eligible for a tax credit of 200, that would reduce your liability to 800. The Village was initially established in the mid-17th century by Spanish settlers: it later became the county seat of Valencia County in 1876, and 52 years later, in 1928, it was incorporated as a municipality with only 466 residents. The Village of Los Lunas is located in Central New Mexico and, more specifically, in the north-central section of Valencia County, about a 25-minute drive south of Albuquerque.
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