Friday, January 30, 2026
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Tag: Housing policy

New Mexico Supreme Court Lets Santa Fe ‘Mansion Tax’ Stay in Effect

The New Mexico Supreme Court has allowed Santa Fe’s 3 percent “mansion tax” on luxury home sales to remain in effect, upholding a lower court decision and clearing a major legal hurdle. The levy, approved by voters in 2023, aims to fund affordable housing, though critics worry it could affect high-end property transactions.