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Most tax revenue came from sales and gross receipts taxes ($2.9 billion) and income taxes ($1.3 billion).
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.
2018 New Mexico Tax Collections
| Type of Tax | Amount |
|---|---|
| Property taxes | $84,224,000 |
| Sales and gross receipts taxes | $2,885,892,000 |
| License taxes | $316,690,000 |
| Income taxes | $1,344,139,000 |
| Other taxes | $1,040,959,000 |
| General sales and gross receipts taxes | $2,073,118,000 |
| Selective sales and gross receipts taxes | $812,774,000 |
| Alcoholic beverages sales tax | $45,497,000 |
| Amusements sales tax | $80,313,000 |
| Insurance premiums sales tax | $169,355,000 |
| Motor fuels sales tax | $230,303,000 |
| Pari-mutuels sales tax | $842,000 |
| Public utilities sales tax | $31,747,000 |
| Tobacco products sales tax | $93,862,000 |
| Other selective sales and gross receipts taxes | $160,855,000 |
| Alcoholic beverages license | $0 |
| Amusements license | $582,000 |
| Corporations in general license | $32,175,000 |
| Hunting and fishing license | $31,802,000 |
| Motor vehicle license | $200,727,000 |
| Motor vehicle operators license | $5,004,000 |
| Public utilities license | $1,529,000 |
| Occupation and business license, nec | $44,871,000 |
| Other license taxes | $0 |
| Individual income taxes | $1,252,651,000 |
| Corporations net income taxes | $91,488,000 |
| Death and gift taxes | $1,000 |
| Documentary and stock transfer taxes | $0 |
| Severance taxes | $1,040,958,000 |
| Taxes, nec | $0 |
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