Regulatory Overview
State STR LicenseNot Required
State Preemption LawNo
Permit RequiredLocal Level Only
Owner-Occupied RequiredNo
Last Verified2026-01
Official source: https://www.tax.newmexico.gov
Tax Breakdown
5%
State Sales Tax
5%
Lodging / TOT
Est. Total Tax Burden~11%
Total is an estimate. Local taxes, county surcharges, and platform fees vary. Always verify with your local tax authority.
Key Rule Summary
No state STR license. Gross receipts tax (GRT) applies. Santa Fe requires STR permit, caps in historic/residential zones. Taos and Albuquerque have varying rules.
Major City Rules
3 cities tracked
Santa Fe
Moderate
STR permit required ($250/yr), caps in Historic Arts District, zone restrictions
Taos
Moderate
STR permit required
Albuquerque
Host Friendly
Business registration, GRT
Housing Market Data — US Census ACS
ACS 5-Year 2022
943,149
Total Housing Units
13.8%
Vacancy Rate
68.7%
Owner-Occupied
31.3%
Renter-Occupied
39,579
Seasonal/Vacation Units
4.2%
Seasonal Unit %
Source: US Census Bureau ACS 5-Year Estimates · Seasonal/vacation units are a proxy for STR-receptive housing stock.