Tenant Right to Sublet
- New Mexico state law does not mandate subletting laws between landlords and tenants.
- The Landlord Consent Form is used to get the Landlords written approval.
Short-Term Lodgings Tax Rules
Short-term rentals (STRs) in New Mexico are subject to the state’s Gross Receipts Tax, which functions similarly to a sales tax, and Local Lodgers Tax. The applicable rate varies by location. Additionally, certain jurisdictions may impose local lodgings taxes depending on the property’s location.
Gross Receipts Tax – 5.125% to 8.6875%. [1]
Local Lodgings Tax – 5% to 7.1%. Varies by location. [2]
Compliance Steps for Hosts in New Mexico
- Register for Taxes – Sign up with the New Mexico Taxation and Revenue Department to get a CRS number (for Gross Receipts Tax).
- Register Locally – Register with your city or county to pay Lodgers’ Tax, if required (check local laws).
- Collect Taxes – Collect Gross Receipts Tax (GRT) and any Lodgers’ Tax from guests.
- Remit Taxes – Pay the collected taxes to the state and local authorities by their deadlines.
- File Tax Returns – Submit tax returns regularly—even if a platform like Airbnb or Vrbo collects and remits taxes for you.
