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The STC survey includes five broad tax categories and up to 25 subcategories. Data is gathered from all 50 state governments and all dependent state-level entities.
The Census Bureau cautions that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.
Below is a breakdown of how taxes were classified by the bureau and how much was collected.
2021 New Mexico Tax Collections
| Type of Tax | Amount |
|---|---|
| Property taxes | $91,813,000 |
| Sales and gross receipts taxes | $3,822,575,000 |
| License taxes | $343,487,000 |
| Income taxes | $1,351,634,000 |
| Other taxes | $1,862,066,000 |
| General sales and gross receipts taxes | $2,971,970,000 |
| Alcoholic beverages sales tax | $24,359,000 |
| Amusements sales tax | $68,021,000 |
| Insurance premiums sales tax | $235,054,000 |
| Motor fuels sales tax | $230,303,000 |
| Pari-mutuels sales tax | $842,000 |
| Public utilities sales tax | $34,757,000 |
| Tobacco products sales tax | $95,230,000 |
| Other selective sales and gross receipts taxes | $162,039,000 |
| Alcoholic beverages license | $0 |
| Amusements license | $2,364,000 |
| Corporations in general license | $42,949,000 |
| Hunting and fishing license | $27,382,000 |
| Motor vehicle license | $213,998,000 |
| Motor vehicle operators license | $5,004,000 |
| Public utilities license | $1,800,000 |
| Occupation and business license, nec | $49,990,000 |
| Other license taxes | $0 |
| Individual income taxes | $1,198,906,000 |
| Corporations net income taxes | $152,728,000 |
| Death and gift taxes | $0 |
| Documentarty and stock transfer taxes | $0 |
| Severance taxes | $1,804,377,000 |
| Taxes, nec | $57,689,000 |
| Selective sales and gross receipts taxes | $850,605,000 |
Source: U.S. Census Bureau
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