McGaffey — Financial Data

0 Population FY 2023

Beta: source-backed tax context only. This is not a personalized tax-burden estimate.

Current source-backed tax context for New Mexico and McGaffey.

Component	Summary	Effective	Coverage	Sources
NM state individual income tax	New Mexico personal income tax uses a graduated rate table that varies by filing status, income, and taxable year.	Current New Mexico Taxation and Revenue guidance (as accessed April 19, 2026).	Rate missing	New Mexico personal income tax overview; New Mexico personal income tax rates
NM gross receipts tax policy (state base equivalent)	New Mexico does not use a traditional sales tax; it imposes gross receipts tax, with a statewide base rate of 5.125% and additional local option rates by location.	Current New Mexico Taxation and Revenue guidance (as accessed April 19, 2026).	Rate missing	New Mexico gross receipts tax overview
NM property tax policy (county assessment and collection with state oversight)	New Mexico property taxes are assessed by county assessors and collected by county treasurers, with oversight from the state Property Tax Division.	Current New Mexico Taxation and Revenue guidance (as accessed April 19, 2026).	Needs review	New Mexico property tax division; New Mexico individual property tax information

Financial Documents (3)

Year	Title	Type
2023	McGaffey Census ACS 5-Year Estimates 2023	US_CENSUS_ACS5
2022	McGaffey Census ACS 5-Year Estimates 2022	US_CENSUS_ACS5
2021	McGaffey Census ACS 5-Year Estimates 2021	US_CENSUS_ACS5

Governance & Structure

Governance Structure

School Details

Not applicable for this entity type.