Taxes & Insurance in Grants
Grants applies New Mexico's real 2026 graduated income tax alongside a property tax rate running above every statewide anchor this record reviewed and a genuinely wide, disclosed statewide insurance-cost spread.
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Learn moreNew Mexico's real 2026 income tax rate
New Mexico's individual income tax runs a real, current six-bracket graduated system, 1.5% to a 5.9% top rate (tax year 2026) -- applying in Grants as statewide, alongside a partial (income-capped) Social Security exemption (base record; see new-mexico.js for the full mechanism).
Grants's above-every-anchor property tax rate
Ownwell cites Grants's median effective property tax rate at 1.08% -- above both Ownwell's own NM statewide median (0.85%) and this project's own NM statewide anchor (0.63%) -- a real, disclosed above-average cost here (base record).
A real, low absolute annual bill despite the higher rate
Grants's median annual property tax bill runs approximately $664 -- well below the national median bill of $2,400, since Grants's home values themselves run comparatively low (base record).
A genuinely wide, disclosed statewide insurance spread
No Grants-specific premium figure was found this pass -- New Mexico statewide estimates carry a real, disclosed, wide spread from approximately $1,774-$1,825/year (Insure.com) to $3,324-$4,308/year (Insurify) (base record).
Key takeaways
- New Mexico's top income tax rate is a real, current 5.9% (2026), applying in Grants as statewide.
- Grants's property tax rate (Ownwell's cited 1.08%) runs above every NM statewide anchor reviewed.
- Grants's absolute median annual tax bill (~$664) still runs well below the national median.
- New Mexico's statewide homeowners-insurance estimates carry a real, wide, disclosed cross-source spread.
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