Tax Comparison: Navajo dam, NM vs Monrovia, MD
Understanding Your Tax Burden
This page compares the three main types of taxes between Navajo dam, NM and Monrovia, MD: 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
Navajo dam, NM
$2,829
Based on a $419,200 home
Rate: 0.6748%
Monrovia, MD
$4,274
Based on a $419,200 home
Rate: 1.0196%
| Data | Navajo dam, NM | Monrovia, MD |
|---|---|---|
| Effective Property Tax Rate | 0.6748% | 1.0196% |
| Estimated Property Tax | $2,829 | $4,274 |
| Home Value Used | $419,200 | $419,200 |
Comparison: Property taxes in Navajo dam, NM are $1,445 lower than in Monrovia, MD 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
MD
2%-5.75%
Single: $4,581
Married: $8,246
| Data | NM | MD |
|---|---|---|
| Tax Rate | 1.7%-5.9% | 2%-5.75% |
| Single Filer ($100k) | $4,090 | $4,581 |
| Married Couple ($200k) | $7,362 | $8,246 |
| Median Income ($80.6k) | $3,950 | $3,829 |
Comparison: Income taxes in MD are $121 lower than in NM 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
Navajo dam, NM
9.438%
Combined rate
Annual sales tax: $1462
(Based on $15,500 spending)
Monrovia, MD
6.000%
Combined rate
Annual sales tax: $930
(Based on $15,500 spending)
| Data | Navajo dam, NM | Monrovia, MD |
|---|---|---|
| State Sales Tax | 4.88% | 6.00% |
| Combined Sales Tax | 9.438% | 6.000% |
| Annual Tax Amount | $1,462 | $930 |
Comparison: Shopping in Monrovia, MD costs $532 less in annual sales tax than in Navajo dam, NM for the average household.
Tax Comparison Insights
Tax Insights: Navajo dam vs Monrovia
- Property Tax: Navajo dam has a 0.3448 percentage points lower effective property tax rate than Monrovia.
- Income Tax: Living in MD could save you approximately $121 in state income taxes for a median household income.
- Sales Tax: The combined sales tax rate in Monrovia is 3.44 percentage points lower than in Navajo dam.
Overall Tax Burden Comparison
Navajo dam, NM
$8,240
Combined annual tax burden
Property
$2,829
Income
$3,950
Sales
$1,462
Monrovia, MD
$9,033
Combined annual tax burden
Property
$4,274
Income
$3,829
Sales
$930
Overall Comparison: Navajo dam, NM has an estimated $793 lower total tax burden than Monrovia, MD 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.