Property Taxes and Funding Public Schools

2018-04-03T12:39:49+00:00 Publications|

November 2010

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.

Download the brief (Nov. 2010; 2 pages; pdf)

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.