Download the policy brief (Nov. 2010; 2 pages; pdf)
Most states rely heavily on local property taxes to fund public education, but in New Mexico K-12 education gets the bulk of its funding—more than 60 percent—from the state. So where do our property taxes go? This 2-page Fiscal Policy Project primer looks at New Mexico’s property tax beneficiaries, rates, and limitations.
The Fiscal Policy Project, a program of New Mexico Voices for Children, is made possible by grants from the Annie E. Casey Foundation, the McCune Charitable Foundation, and the W.K. Kellogg Foundation.