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Hillsboro
Hillsboro
New Mexico
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Hillsboro is a small unincorporated community in Sierra County, New Mexico, United States, located in the southwestern part of the state. It was founded in 1877, following the discovery of gold. The community was the county seat of Sierra County from 1884 until 1936 when Hot Springs (now called Truth or Consequences) became the county seat. The town was named Hillsborough by the prospectors in Dec. 1877, but later shortened to Hillsboro. By 1880 the town had 4 companies of soldiers and 400 miners, but the population soon grew to 700. A county courthouse was built in 1892. By 1907 the population was 1200. A flood on 10 June 1914 caused considerable damage to many town buildings.

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Taxes

D+

How did New Mexico earn the grade of D+? We examined the state taxes based on how age friendly they are. New Mexico has a state sales tax of 5.13%. Of particular interest is that New Mexico does have taxes on social security. There are no estate taxes. There are no taxes imposed on inheritance. New Mexico has an effective property tax rate of 0.76%. Weighing these taxes and other taxes most likely to impact the aging population is how New Mexico earned its state tax grade of D+.

Learn more about taxes in New Mexico

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