For additional information or questions, please contact the City Manager's Office, (505) 891-5002.
This page has been designed to assist major retailers, retail developers, real estate brokers and hospitality firms explore business location options in Rio Rancho.
Rio Rancho Market At a Glance
Most current Retail Market Overviews:
Single-Family Housing Permits
The city's Development Services Department publishes construction permit information by month. Actual data for the current and previous month my be obtained by clicking here.
Resale Single-Family Residential Statistics
The Albuquerque Metropolitan Board of REALTORS® (AMBR) owns the Southwest Multiple Listing Service, Inc. (SWMLS). The SWMLS publishes annual summaries and monthly reports of the Greater Albuquerque residential housing resale market. The SWMLS breaks Rio Rancho into eight districts for reporting purposes. Data is then presented for Class R1 (existing single-family detached) and Class R2 (existing condo/townhome attached homes and combined Class R1 and R2 figures.
The Greater Albuquerque Association of Realtors (GAAR) publishes a large amount of data on the Rio Rancho existing housing market.
Other market reports are available by visiting the Greater Albuquerque Association of Realtors website.
Information on available retail sites for lease or purchase in Rio Rancho can be obtained by visiting the Commercial Realtors Association of New Mexico's (CARNM) website.
The City of Rio Rancho experiences a significant level of retail leakage into the City of Albuquerque. The latest estimate of the leakage is slightly in excess of $400 million. Approximately 51 percent of the City’s general fund is derived from the revenues generated by New Mexico’s Gross Receipts Tax (essentially New Mexico’s equivalent of sales tax). View the last three Retail Leakage Reports by clicking here (searchable PDFs) (FY 2006) (FY 2008) (FY 2010/2011).
Retail Development Incentives
The city uses different development incentives. Please click on the links below to review incentive descriptions.
Gross Receipts Investment Policy (searchable PDF)
Tax Increment for Development Districts Policy (searchable PDF)
New Mexico Combined Reporting System Number
Every business operating in New Mexico must register with the New Mexico Taxation and Revenue Department (NMTRD) and obtain a Combined Reporting System number. The CRS number serves as your New Mexico tax identification number and is used to report New Mexico major business taxes, such as: Gross Receipts Tax, Compensating Tax and Withholding Tax.
To obtain a CRS identification number, complete and submit the Application for Business Tax Identification Number (ACD-31015) available for download at the State of New Mexico Taxation and Revenue Department website. There is no charge to register the Application.
NMTRD Workshops: The NMTRD conducts regularly scheduled workshops for entrepreneurs and New Mexico businesses. The latest workshop schedule on New Mexico’s gross receipts, compensating and withholding taxes can be obtained from the Department’s website.
Gross Receipts Tax
The City of Rio Rancho's current gross receipts tax rate is 7.6875%. Visit the State of New Mexico Taxation and Revenue Department website for more gross receipts tax information.
The following table contains links to a variety of business resources associated with a number of topics related to establishing a retail business in Rio Rancho.
|Topic / Issue||Agency / Department
|Corporations / Limited Liability Companies
||New Mexico Public Registration Commission
|Partnerships||New Mexico Secretary of State Office|
|Rio Rancho Business License||City of Rio Rancho
|Federal Employer Identification Number||Internal Revenue Service
|NM Gross Receipts Tax Number||NM Taxation & Revenue Department
|Unemployment Insurance ES-802 Form||New Mexico Department of Labor
|Worker's Compensation Insurance||NM Worker's Compensation Administration
|NM Trademarks/ Service Marks||New Mexico Secretary of State Office
|Food Service Establishments||New Mexico Environment Department
|Liquor License / Server Training||NM Regulation & Licensing Department|
|U.S. Patents and Trademarks
||U.S. Patent & Trademark Office|
Disclaimer / Credits
The information contained in this portion of the city's Web site has been obtained from sources deemed reliable, however, no guarantees or warranties of the information and its suitableness for any purpose is provided. Readers are encouraged to independently review the data and confer with professional advisers in real estate, legal, accounting tax and other areas as applicable.
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