A Comprehensive Guide to Property Tax and Real Estate Taxes in New Mexico When it comes to buying or selling a home in New Mexico, understanding the tax implications is crucial. Property taxes and real estate taxes can have a significant impact on your finances. In this comprehensive guide, we will delve into the key tax considerations for homebuyers and sellers in New Mexico. From property tax exemptions to capital gains taxes, we will explore the rules and regulations that govern real estate transactions in the state. So, let's dive in and learn how to navigate the complex world of property taxes in New Mexico.