{"id":1820,"date":"2020-10-22T14:27:42","date_gmt":"2020-10-22T20:27:42","guid":{"rendered":"https:\/\/www.tax.newmexico.gov\/businesses\/?p=1820"},"modified":"2026-04-11T13:12:49","modified_gmt":"2026-04-11T19:12:49","slug":"motor-vehicle-excise-tax","status":"publish","type":"post","link":"https:\/\/www.tax.newmexico.gov\/businesses\/2020\/10\/22\/motor-vehicle-excise-tax\/","title":{"rendered":"Motor Vehicle Excise Tax"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.20.2&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<p><strong>Motor Vehicle Excise Tax (MVET)<\/strong><\/p>\n<p>The Motor Vehicle Excise Tax applies to the sale of every motor vehicle that must be registered in the State of New Mexico. We presume that every time a vehicle is titled, a sale has occurred and the motor vehicle excise tax is due.<\/p>\n<p>The tax is 4% of the price paid for the vehicle less any trade-in credit. For non-dealer sales, however, the N.A.D.A. value is used if the declared purchase price of the vehicle is lower than 80% of the N.A.D.A. average trade-in or wholesale value.<\/p>\n<p>If\u00a0a vehicle is legitimately transferred by gift, there is no sale, and no excise tax is due. Any applicant for a vehicle title who claims that the vehicle was received by gift must submit a notarized Affidavit of Gift of Motor Vehicle or Boat (MVD-10018) in which both donor and recipient affirm under oath and under penalty of perjury that the vehicle was in fact transferred as a gift.<\/p>\n<p>Payment is due at the time the buyer applies for a certificate of title. When you purchase a vehicle through a dealer, the dealer may handle the application for you and collect the tax. Otherwise, you must pay the tax to the New Mexico Motor Vehicle Division (MVD) or one of its agents when you apply for a title.<\/p>\n<p>Tax Penalty for late Titling-<br \/>A penalty of 50% of the Motor Vehicle Excise Tax is imposed on any person who lives in New Mexico and either:<br \/>a) accepts transfer of a vehicle in New Mexico but fails to apply for a certificate of title within 90 days or<br \/>b) accepts transfer outside the state and fails to apply for a certificate of title within 90 days of bringing the vehicle into New Mexico<\/p>\n<p>The 50% add-on penalty has the effect of increasing the tax rate to 6% (4% x 1.5 = 6%).<\/p>\n<p>Twenty-five percent of the tax goes to the Local Governments Road Fund. The remainder goes to the Highway Infrastructure Fund<\/p>\n<p>Note-If a vehicle is acquired out-of-state, and another state&#8217;s gross receipts, sales, compensating or similar tax was paid, the amount of the tax paid may be credited against the MVET due on the same vehicle.<\/p>\n<h3>Contact Information<\/h3>\n<p><strong><a href=\"https:\/\/www.tax.newmexico.gov\/contact-us\/\" target=\"_blank\" rel=\"noopener noreferrer\">To contact the Department<\/a><\/strong><\/p>\n<h3>Links<\/h3>\n<p><strong><a href=\"https:\/\/www.mvd.newmexico.gov\/\" target=\"_blank\" title=\"New Mexico Motor Vehicle Division\" rel=\"noopener noreferrer\">New Mexico Motor Vehicle Division<\/a><\/strong><br \/><strong><a href=\"https:\/\/www.mvd.newmexico.gov\/vehicles\/vehicle-registration\/how-to-title-a-vehicle\/\" target=\"_blank\" rel=\"noopener\">How to Title a Vehicle<\/a><\/strong>Statutory Reference: Look for <strong><a href=\"http:\/\/www.nmonesource.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Chapter 7, Article 14\u00a0NMSA 1978<\/a><\/strong>\u00a0in the New Mexico State Statutes.<\/p>\n<p><a href=\"\/businesses\/other-all-nm-taxes\/\"><strong>back to list<\/strong><\/a><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Motor Vehicle Excise Tax (MVET) The Motor Vehicle Excise Tax applies to the sale of every motor vehicle that must be registered in the State of New Mexico. We presume that every time a vehicle is titled, a sale has occurred and the motor vehicle excise tax is due. The tax is 4% of the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"960","footnotes":""},"categories":[23],"tags":[],"class_list":["post-1820","post","type-post","status-publish","format-standard","hentry","category-all-nm-taxes"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Motor Vehicle Excise Tax : Businesses<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tax.newmexico.gov\/businesses\/2020\/10\/22\/motor-vehicle-excise-tax\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Motor Vehicle Excise Tax : Businesses\" \/>\n<meta property=\"og:description\" content=\"Motor Vehicle Excise Tax (MVET) The Motor Vehicle Excise Tax applies to the sale of every motor vehicle that must be registered in the State of New Mexico. We presume that every time a vehicle is titled, a sale has occurred and the motor vehicle excise tax is due. The tax is 4% of the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.tax.newmexico.gov\/businesses\/2020\/10\/22\/motor-vehicle-excise-tax\/\" \/>\n<meta property=\"og:site_name\" content=\"Businesses\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/nmtaxationandrevenue\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-22T20:27:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-11T19:12:49+00:00\" \/>\n<meta name=\"author\" content=\"admin@sks.com\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin@sks.com\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.tax.newmexico.gov\\\/businesses\\\/2020\\\/10\\\/22\\\/motor-vehicle-excise-tax\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.tax.newmexico.gov\\\/businesses\\\/2020\\\/10\\\/22\\\/motor-vehicle-excise-tax\\\/\"},\"author\":{\"name\":\"admin@sks.com\",\"@id\":\"https:\\\/\\\/www.tax.newmexico.gov\\\/businesses\\\/#\\\/schema\\\/person\\\/35a194272e02a09e62fc495bfe6c0532\"},\"headline\":\"Motor Vehicle Excise Tax\",\"datePublished\":\"2020-10-22T20:27:42+00:00\",\"dateModified\":\"2026-04-11T19:12:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.tax.newmexico.gov\\\/businesses\\\/2020\\\/10\\\/22\\\/motor-vehicle-excise-tax\\\/\"},\"wordCount\":484,\"publisher\":{\"@id\":\"https:\\\/\\\/www.tax.newmexico.gov\\\/businesses\\\/#organization\"},\"articleSection\":[\"All NM Taxes\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.tax.newmexico.gov\\\/businesses\\\/2020\\\/10\\\/22\\\/motor-vehicle-excise-tax\\\/\",\"url\":\"https:\\\/\\\/www.tax.newmexico.gov\\\/businesses\\\/2020\\\/10\\\/22\\\/motor-vehicle-excise-tax\\\/\",\"name\":\"Motor Vehicle Excise Tax : Businesses\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.tax.newmexico.gov\\\/businesses\\\/#website\"},\"datePublished\":\"2020-10-22T20:27:42+00:00\",\"dateModified\":\"2026-04-11T19:12:49+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.tax.newmexico.gov\\\/businesses\\\/2020\\\/10\\\/22\\\/motor-vehicle-excise-tax\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.tax.newmexico.gov\\\/businesses\\\/2020\\\/10\\\/22\\\/motor-vehicle-excise-tax\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.tax.newmexico.gov\\\/businesses\\\/2020\\\/10\\\/22\\\/motor-vehicle-excise-tax\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.tax.newmexico.gov\\\/businesses\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Motor Vehicle Excise Tax\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.tax.newmexico.gov\\\/businesses\\\/#website\",\"url\":\"https:\\\/\\\/www.tax.newmexico.gov\\\/businesses\\\/\",\"name\":\"Businesses\",\"description\":\"The Taxation and Revenue Department, charged with the task of collecting tax dollars and distributing them according to state law, answers to the Governor as part of the executive branch of state government.\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.tax.newmexico.gov\\\/businesses\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.tax.newmexico.gov\\\/businesses\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.tax.newmexico.gov\\\/businesses\\\/#organization\",\"name\":\"New Mexico Taxation and Revenue Department\",\"url\":\"https:\\\/\\\/www.tax.newmexico.gov\\\/businesses\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.tax.newmexico.gov\\\/businesses\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.tax.newmexico.gov\\\/businesses\\\/wp-content\\\/uploads\\\/sites\\\/4\\\/2020\\\/10\\\/logo.png\",\"contentUrl\":\"https:\\\/\\\/www.tax.newmexico.gov\\\/businesses\\\/wp-content\\\/uploads\\\/sites\\\/4\\\/2020\\\/10\\\/logo.png\",\"width\":180,\"height\":66,\"caption\":\"New Mexico Taxation and Revenue Department\"},\"image\":{\"@id\":\"https:\\\/\\\/www.tax.newmexico.gov\\\/businesses\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/nmtaxationandrevenue\",\"https:\\\/\\\/en.wikipedia.org\\\/wiki\\\/New_Mexico_Taxation_and_Revenue_Department\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.tax.newmexico.gov\\\/businesses\\\/#\\\/schema\\\/person\\\/35a194272e02a09e62fc495bfe6c0532\",\"name\":\"admin@sks.com\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4863dfe2318b3e7d853b0b5f256f7314d15aee44b23f417a613581e223e91553?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4863dfe2318b3e7d853b0b5f256f7314d15aee44b23f417a613581e223e91553?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4863dfe2318b3e7d853b0b5f256f7314d15aee44b23f417a613581e223e91553?s=96&d=mm&r=g\",\"caption\":\"admin@sks.com\"},\"sameAs\":[\"https:\\\/\\\/www.tax.newmexico.gov\"],\"url\":\"https:\\\/\\\/www.tax.newmexico.gov\\\/businesses\\\/author\\\/adminsks-com\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Motor Vehicle Excise Tax : Businesses","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.tax.newmexico.gov\/businesses\/2020\/10\/22\/motor-vehicle-excise-tax\/","og_locale":"en_US","og_type":"article","og_title":"Motor Vehicle Excise Tax : Businesses","og_description":"Motor Vehicle Excise Tax (MVET) The Motor Vehicle Excise Tax applies to the sale of every motor vehicle that must be registered in the State of New Mexico. We presume that every time a vehicle is titled, a sale has occurred and the motor vehicle excise tax is due. The tax is 4% of the [&hellip;]","og_url":"https:\/\/www.tax.newmexico.gov\/businesses\/2020\/10\/22\/motor-vehicle-excise-tax\/","og_site_name":"Businesses","article_publisher":"https:\/\/www.facebook.com\/nmtaxationandrevenue","article_published_time":"2020-10-22T20:27:42+00:00","article_modified_time":"2026-04-11T19:12:49+00:00","author":"admin@sks.com","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin@sks.com","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.tax.newmexico.gov\/businesses\/2020\/10\/22\/motor-vehicle-excise-tax\/#article","isPartOf":{"@id":"https:\/\/www.tax.newmexico.gov\/businesses\/2020\/10\/22\/motor-vehicle-excise-tax\/"},"author":{"name":"admin@sks.com","@id":"https:\/\/www.tax.newmexico.gov\/businesses\/#\/schema\/person\/35a194272e02a09e62fc495bfe6c0532"},"headline":"Motor Vehicle Excise Tax","datePublished":"2020-10-22T20:27:42+00:00","dateModified":"2026-04-11T19:12:49+00:00","mainEntityOfPage":{"@id":"https:\/\/www.tax.newmexico.gov\/businesses\/2020\/10\/22\/motor-vehicle-excise-tax\/"},"wordCount":484,"publisher":{"@id":"https:\/\/www.tax.newmexico.gov\/businesses\/#organization"},"articleSection":["All NM Taxes"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.tax.newmexico.gov\/businesses\/2020\/10\/22\/motor-vehicle-excise-tax\/","url":"https:\/\/www.tax.newmexico.gov\/businesses\/2020\/10\/22\/motor-vehicle-excise-tax\/","name":"Motor Vehicle Excise Tax : Businesses","isPartOf":{"@id":"https:\/\/www.tax.newmexico.gov\/businesses\/#website"},"datePublished":"2020-10-22T20:27:42+00:00","dateModified":"2026-04-11T19:12:49+00:00","breadcrumb":{"@id":"https:\/\/www.tax.newmexico.gov\/businesses\/2020\/10\/22\/motor-vehicle-excise-tax\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.tax.newmexico.gov\/businesses\/2020\/10\/22\/motor-vehicle-excise-tax\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.tax.newmexico.gov\/businesses\/2020\/10\/22\/motor-vehicle-excise-tax\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.tax.newmexico.gov\/businesses\/"},{"@type":"ListItem","position":2,"name":"Motor Vehicle Excise Tax"}]},{"@type":"WebSite","@id":"https:\/\/www.tax.newmexico.gov\/businesses\/#website","url":"https:\/\/www.tax.newmexico.gov\/businesses\/","name":"Businesses","description":"The Taxation and Revenue Department, charged with the task of collecting tax dollars and distributing them according to state law, answers to the Governor as part of the executive branch of state government.","publisher":{"@id":"https:\/\/www.tax.newmexico.gov\/businesses\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.tax.newmexico.gov\/businesses\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.tax.newmexico.gov\/businesses\/#organization","name":"New Mexico Taxation and Revenue Department","url":"https:\/\/www.tax.newmexico.gov\/businesses\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.tax.newmexico.gov\/businesses\/#\/schema\/logo\/image\/","url":"https:\/\/www.tax.newmexico.gov\/businesses\/wp-content\/uploads\/sites\/4\/2020\/10\/logo.png","contentUrl":"https:\/\/www.tax.newmexico.gov\/businesses\/wp-content\/uploads\/sites\/4\/2020\/10\/logo.png","width":180,"height":66,"caption":"New Mexico Taxation and Revenue Department"},"image":{"@id":"https:\/\/www.tax.newmexico.gov\/businesses\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/nmtaxationandrevenue","https:\/\/en.wikipedia.org\/wiki\/New_Mexico_Taxation_and_Revenue_Department"]},{"@type":"Person","@id":"https:\/\/www.tax.newmexico.gov\/businesses\/#\/schema\/person\/35a194272e02a09e62fc495bfe6c0532","name":"admin@sks.com","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/4863dfe2318b3e7d853b0b5f256f7314d15aee44b23f417a613581e223e91553?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/4863dfe2318b3e7d853b0b5f256f7314d15aee44b23f417a613581e223e91553?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4863dfe2318b3e7d853b0b5f256f7314d15aee44b23f417a613581e223e91553?s=96&d=mm&r=g","caption":"admin@sks.com"},"sameAs":["https:\/\/www.tax.newmexico.gov"],"url":"https:\/\/www.tax.newmexico.gov\/businesses\/author\/adminsks-com\/"}]}},"_links":{"self":[{"href":"https:\/\/www.tax.newmexico.gov\/businesses\/wp-json\/wp\/v2\/posts\/1820","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tax.newmexico.gov\/businesses\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tax.newmexico.gov\/businesses\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tax.newmexico.gov\/businesses\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tax.newmexico.gov\/businesses\/wp-json\/wp\/v2\/comments?post=1820"}],"version-history":[{"count":5,"href":"https:\/\/www.tax.newmexico.gov\/businesses\/wp-json\/wp\/v2\/posts\/1820\/revisions"}],"predecessor-version":[{"id":9773,"href":"https:\/\/www.tax.newmexico.gov\/businesses\/wp-json\/wp\/v2\/posts\/1820\/revisions\/9773"}],"wp:attachment":[{"href":"https:\/\/www.tax.newmexico.gov\/businesses\/wp-json\/wp\/v2\/media?parent=1820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tax.newmexico.gov\/businesses\/wp-json\/wp\/v2\/categories?post=1820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tax.newmexico.gov\/businesses\/wp-json\/wp\/v2\/tags?post=1820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}