Tax Comparison: Artesia, NM vs Little suamico, WI
Understanding Your Tax Burden
This page compares the three main types of taxes between Artesia, NM and Little suamico, WI: property tax, income tax, and sales tax. Each of these has a different impact on your overall cost of living.
Property Tax Comparison
Property taxes are collected by local governments and used to fund schools, infrastructure, and other local services. They're typically based on the assessed value of your property.
Our property tax estimates are based on:
- U.S. median home value: $419,200 (2023 data)
- Local effective tax rates for both cities
Artesia, NM
$2,092
Based on a $419,200 home
Rate: 0.4990%
Little suamico, WI
$5,242
Based on a $419,200 home
Rate: 1.2505%
| Data | Artesia, NM | Little suamico, WI |
|---|---|---|
| Effective Property Tax Rate | 0.4990% | 1.2505% |
| Estimated Property Tax | $2,092 | $5,242 |
| Home Value Used | $419,200 | $419,200 |
Comparison: Property taxes in Artesia, NM are $3,150 lower than in Little suamico, WI for the same home value.
State Income Tax Comparison
Income tax rates and brackets vary by state, impacting residents' overall tax burden. The estimates below are based on standard deductions and typical filing scenarios.
Our income tax estimates consider:
- Single filer: $100,000 annual income
- Married couple: $200,000 combined income
- Median income: $80,600 annual income
NM
1.7%-5.9%
Single: $4,090
Married: $7,362
WI
3.5%-7.65%
Single: $5,393
Married: $9,707
| Data | NM | WI |
|---|---|---|
| Tax Rate | 1.7%-5.9% | 3.5%-7.65% |
| Single Filer ($100k) | $4,090 | $5,393 |
| Married Couple ($200k) | $7,362 | $9,707 |
| Median Income ($80.6k) | $3,950 | $4,271 |
Comparison: Income taxes in NM are $321 lower than in WI for the median household income.
Sales Tax Comparison
Sales tax rates vary by location and can have a significant impact on your day-to-day expenses. These include state, county, city, and special district taxes that together form the total sales tax rate.
Our sales tax estimates consider:
- Average household taxable spending: $15,500 per year
- Combined state and local rates for both cities
Artesia, NM
9.438%
Combined rate
Annual sales tax: $1462
(Based on $15,500 spending)
Little suamico, WI
7.900%
Combined rate
Annual sales tax: $1224
(Based on $15,500 spending)
| Data | Artesia, NM | Little suamico, WI |
|---|---|---|
| State Sales Tax | 4.88% | 5.00% |
| Combined Sales Tax | 9.438% | 7.900% |
| Annual Tax Amount | $1,462 | $1,224 |
Comparison: Shopping in Little suamico, WI costs $238 less in annual sales tax than in Artesia, NM for the average household.
Tax Comparison Insights
Tax Insights: Artesia vs Little suamico
- Property Tax: Artesia has a 0.7515 percentage points lower effective property tax rate than Little suamico.
- Income Tax: Living in NM could save you approximately $321 in state income taxes for a median household income.
- Sales Tax: The combined sales tax rate in Little suamico is 1.54 percentage points lower than in Artesia.
Overall Tax Burden Comparison
Artesia, NM
$7,503
Combined annual tax burden
Property
$2,092
Income
$3,950
Sales
$1,462
Little suamico, WI
$10,737
Combined annual tax burden
Property
$5,242
Income
$4,271
Sales
$1,224
Overall Comparison: Artesia, NM has an estimated $3,234 lower total tax burden than Little suamico, WI based on our standard scenarios.
Important Tax Disclaimer
The tax information provided above is based on publicly available data and standard assumptions. Actual tax situations will vary based on:
- Individual financial circumstances
- Applicable deductions and credits
- Recent changes in tax laws
- Personal spending habits
- Local variations within cities and counties
This comparison is intended for general informational purposes only and should not be considered tax advice. For specific guidance regarding your tax situation, please consult with a qualified tax professional.