Taxes & Insurance in Edgewood
Edgewood applies a genuinely low but genuinely complex property tax picture given its three-county span, alongside New Mexico's statewide income tax and elevated homeowners insurance costs.
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Learn moreEdgewood's low, but county-dependent, property tax
Ownwell cites a 0.61% Edgewood-specific median effective rate, but the underlying county rate that actually applies to a specific parcel runs Santa Fe County 0.48%, Torrance County 0.45%, or Bernalillo County 0.90% -- confirm which county a target address sits in directly (base record).
New Mexico's real 2026 income tax rate
New Mexico's individual income tax runs a real, current six-bracket structure (1.5%-5.9%, tax year 2026) -- applying in Edgewood as statewide, alongside a partial, income-capped Social Security exemption (base record).
Edgewood's gross receipts tax varies by county too
Edgewood's gross receipts tax (New Mexico's GRT, not a traditional sales tax) runs approximately 7.9375% in the Santa Fe County portion and approximately 7.6250% in the Bernalillo County portion, both above New Mexico's average combined statewide rate (base record).
Statewide-elevated, wildfire-driven homeowners insurance
No Edgewood-specific premium figure was found this pass -- New Mexico's statewide average runs $3,324-$4,308/year, directly relevant given Edgewood's own real wildfire exposure (base record).
Key takeaways
- Edgewood's property tax rate (0.61% Ownwell median) is genuinely low, but the applicable county rate ranges 0.45%-0.90%.
- New Mexico's top income tax rate is a real, current 5.9% (2026), applying in Edgewood as statewide.
- Edgewood's gross receipts tax rate also varies by county (7.6250%-7.9375%).
- New Mexico's statewide homeowners-insurance average ($3,324-$4,308/year) reflects real, elevated wildfire-driven cost pressure.
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