|
|||||||
|
|
|
|||||
|
|
|||||||
A major consideration for relocating in New Mexico is the state's tax system affecting retirees.
Among the most equitable in the country, the states tax structure for retirees competes favorably with other tax systems in the United States.
Property taxes are among the lowest in the U.S. New Mexico ranks 49th in the country on property tax burden. Individuals with a modified gross income of up to $16,000 can receive a tax credit rebate of up to $250.00.
Personal income tax also is low for senior citizens in comparison with other states. Taxable income is based on federal adjusted gross income with reductions for personal exemption allowances, standard deductions and excess federal itemized deductions.
Beginning at age 65, all taxpayers qualify for a state $8,000 exemption in addition to the federal exemption. The state exemption starts to level off as adjusted gross income climbs above $30,000 for married taxpayers filing jointly (at $18,000 for single taxpayers).
Other tax laws of interest to retirees include the state's estate tax gross receipts tax and succession tax. The estate tax is a 10 percent credit against the federal tax and is imposed on the transfer of the net estate in the amount equal to the federal credit. The succession tax applies only to those estates where the deceased died before 1972 and there is land involved. It does not affect new retirees. A state gross receipts tax of 5 percent is levied on all receipts of tangible property sold or leased and services sold. Local add-ons could add up to as much as 2.8725 percent more.
There is no gift tax.
A
rockhounder's paradise, Deming is noted, too, for
its Mimbreno Indian legacy, its four state parks,
its outstanding museum, its year-round golf course,
and its close proximity to the
Three miles south from Columbus you will find the International Port of Entry open 24 hours daily. Across the border is Palomas, Mexico, a quaint mexican town catering to tourists.
| The pictures above is the area around the sunset valley ranchette area just a few km |
| You know you have it made when walmart opens in you area (SMile and chuckles) pictures below :it was opened july 2003 |
 |
| LOCATION Deming, NM is in Luna County, located in the SW portion of New Mexico. Las Cruces is the closest large city, about 65 miles east of Deming. The Arizona border is about 80 miles west. The Mexico border is south about 35 miles. Deming is ideally located off Interstate-10, and only 45 miles from Interstate-25. The spacious area in and around Deming is a semiarid terrain, predominately flat, with an abundance of cactus and other plant life and some wildlife. In the near vicinity are the Florida Mountains, about 8-12 miles east of Deming. An astonishing panoramic view of the other mountains can be seen atop a mountain peak in the Rock Hound State Park. The elevation of Deming and the nearby serene landscape is about 4330-4340 feet. The low humidity in this region makes temperatures pleasant year-round. The average summer high temperature is about 94° and the winter average temp is about 58°. Yearly average high and low temperatures are 76° and 44°. Yearly snowfall is about 3”. |
|
| Our deeded lots in luna county /deming :
Unit 30 /Block 29 "Deming ranchettes lots 38 & 39 (1acre in total ) Unit 71 ,block 9 "Deming ranchettes" /lots 10 & 11 & 12 & 13 ( 2 acres in total ) Unit 8 Block 10 Lot 16 "Sunshine Valley Ranchettes " (1/2 acre) Other property registered in concho (arizona) 107-33-125-955 of apache county ( 1acre ) |