1. All NM Taxes
  2. Frequently Asked Questions
  3. What are the resources tax rates?

What are the resources tax rates?

Resources tax rates are:

For all natural resources except potash and molybdenum, the rate is three-fourths of one percent (3/4% or 0.75).
The rate for potash is one-half of one percent (1/2% or 0.5).
The rate for molybdenum is one-eighth of one percent (1/8% or 0.125).