New Mexico as Full Time Residence
We are considering relocating to New Mexico to establish residency and then go full time. We have a couple of questions for the more experienced as 1 Motor home (over 26,000#) driver license requi...
Forum Discussion
PenMan wrote:
If I didn't live in New Mexico I would definitely look at other states if I were going to full-time RV. Taxes are high here. I love the location and the people but would prefer a state without state income tax if/when I full-time. Just curious, why would you prefer NM to Colorado as your home state?
I would guess, based on conversations with my brother-in-law, that the reason they don't want to register in CO is due to high tag fees. He has a large new Class A and he pays a ton of money for his registration.
The state income tax thing is what will get you. That was one of the reasons we did not change from our home state (Illinois). They have a state income tax but it does not apply to retirement income. Don't know what RV plates are for a MH in Illinois, but I just renewed my 5th wheels plates and they were $50.00.
I wonder if New Mexico's state income tax applies to all income or not?
