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Mayhill
Mayhill
New Mexico
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Mayhill is a small unincorporated community in Otero County, New Mexico, United States. It is surrounded by the Lincoln National Forest on the eastern slope of the Sacramento Mountains, at the confluence of James Canyon and Rio Penasco, about 17 miles east of Cloudcroft. The elevation is 6581 feet. The Town of Mayhill includes Mayhill Baptist Church as well as a post office, a restaurant, and a gas station. The village is almost entirely residential, consisting largely of vacation homes and summer cabins, as well as several RV parks to accommodate travelers throughout the year. Farming, hunting, and ranching are also important economic activities in the area.

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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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