Property Taxes in New Mexico
Median New Mexico property tax rate: 0.86%, significantly lower than the national median of 1.02%.
Median New Mexico home value: $121,540
Median annual New Mexico tax bill: $1,192, $1,208 lower than the national median property tax bill of $2,400.
How are property taxes in New Mexico calculated?
Property taxes in New Mexico are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you are in New Mexico, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
New Mexico Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.86%
Estimate Property Tax Bill
$1,045
$970
Property Tax Rates Across New Mexico
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective New Mexico Tax Rate
0.86%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across New Mexico
County | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Bernalillo | 1.03% | 1.34% | 1.38% | 1.42% | 1.53% |
Catron | N/A | N/A | N/A | N/A | N/A |
Chaves | 0.56% | 0.74% | 0.90% | 0.93% | 0.93% |
Cibola | 0.80% | 0.94% | 0.98% | 1.12% | 1.13% |
Colfax | 0.55% | 0.67% | 0.76% | 1.00% | 1.00% |
Curry | 0.69% | 0.77% | 0.85% | 0.85% | 0.85% |
De Baca | 0.67% | 0.77% | 0.78% | 0.84% | 1.01% |
DoaAna | 0.76% | 0.82% | 1.02% | 1.03% | 1.12% |
Eddy | 0.45% | 0.56% | 0.67% | 0.76% | 0.83% |
Grant | 0.50% | 0.52% | 0.60% | 0.65% | 0.78% |
Guadalupe | 0.60% | 0.78% | 0.78% | 0.93% | 0.93% |
Harding | 0.59% | 0.63% | 0.72% | 0.87% | 0.90% |
Hidalgo | 0.39% | 0.45% | 0.62% | 0.71% | 0.79% |
Lea | 0.69% | 0.78% | 0.89% | 0.93% | 1.02% |
Lincoln | 0.57% | 0.78% | 0.99% | 1.05% | 1.37% |
Los Alamos | 0.77% | 0.79% | 0.80% | 0.80% | 0.80% |
Luna | 0.46% | 0.67% | 0.70% | 0.84% | 0.88% |
McKinley | 0.77% | 0.98% | 1.20% | 1.26% | 1.26% |
Mora | 0.47% | 0.55% | 0.58% | 0.62% | 0.76% |
Otero | 0.53% | 0.63% | 0.80% | 0.86% | 0.86% |
Quay | 0.69% | 0.83% | 0.98% | 1.10% | 1.10% |
Rio Arriba | 0.41% | 0.66% | 0.79% | 0.83% | 0.88% |
Roosevelt | 0.53% | 0.72% | 0.72% | 0.81% | 0.86% |
Sandoval | 0.75% | 1.07% | 1.19% | 1.22% | 1.24% |
San Juan | 0.73% | 0.78% | 0.83% | 0.86% | 1.01% |
San Miguel | 0.42% | 0.70% | 0.78% | 0.98% | 1.01% |
Santa Fe | 0.37% | 0.46% | 0.55% | 0.66% | 0.75% |
Sierra | 0.71% | 0.74% | 0.77% | 0.81% | 0.90% |
Socorro | 0.89% | 0.89% | 0.98% | 1.07% | 1.07% |
Taos | 0.39% | 0.51% | 0.59% | 0.67% | 0.79% |
Torrance | 0.65% | 0.72% | 0.80% | 0.83% | 2.25% |
Union | N/A | N/A | N/A | N/A | N/A |
Valencia | 0.71% | 0.83% | 0.84% | 0.99% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across New Mexico
Median New Mexico Market Value
$121,540
Median United States Market Value
$235,294
Property Tax Assessment Values Across New Mexico
County | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Bernalillo | $14,100 | $105,430 | $164,969 | $235,513 | $345,311 |
Catron | N/A | N/A | N/A | N/A | N/A |
Chaves | $10,000 | $34,180 | $70,868 | $135,262 | $226,542 |
Cibola | $4,321 | $13,421 | $45,831 | $86,113 | $142,894 |
Colfax | $13,679 | $40,779 | $80,911 | $189,218 | $347,950 |
Curry | $5,657 | $35,942 | $106,130 | $189,471 | $261,054 |
De Baca | $5,438 | $16,682 | $35,902 | $69,466 | $119,834 |
DoaAna | $8,934 | $28,226 | $120,428 | $208,109 | $309,178 |
Eddy | $4,807 | $12,721 | $48,197 | $139,686 | $287,365 |
Grant | $4,197 | $9,836 | $54,932 | $136,638 | $227,393 |
Guadalupe | $4,230 | $7,224 | $22,948 | $51,878 | $121,346 |
Harding | $8,766 | $46,980 | $98,475 | $244,167 | $323,550 |
Hidalgo | $6,960 | $14,282 | $36,636 | $69,252 | $120,958 |
Lea | $7,725 | $21,383 | $54,759 | $124,777 | $213,912 |
Lincoln | $6,489 | $21,936 | $90,750 | $210,885 | $518,088 |
Los Alamos | $144,012 | $216,620 | $312,070 | $442,130 | $583,106 |
Luna | $4,512 | $8,847 | $18,150 | $37,172 | $65,516 |
McKinley | $7,360 | $20,020 | $79,030 | $142,850 | $214,792 |
Mora | $7,323 | $25,528 | $61,740 | $116,628 | $179,427 |
Otero | $43,998 | $71,876 | $117,358 | $188,645 | $278,400 |
Quay | $4,139 | $11,522 | $31,267 | $69,447 | $129,075 |
Rio Arriba | $2,766 | $6,747 | $17,854 | $48,000 | $103,845 |
Roosevelt | $1,062 | $5,249 | $25,631 | $77,880 | $140,952 |
Sandoval | $80,314 | $132,377 | $190,579 | $294,746 | $418,707 |
San Juan | $5,587 | $25,104 | $93,508 | $172,747 | $257,175 |
San Miguel | $5,468 | $22,795 | $75,272 | $147,405 | $232,498 |
Santa Fe | $23,624 | $214,585 | $365,234 | $585,910 | $976,753 |
Sierra | $5,064 | $13,995 | $44,145 | $97,429 | $166,058 |
Socorro | $2,682 | $4,720 | $10,114 | $23,125 | $68,918 |
Taos | $4,557 | $6,700 | $25,092 | $99,210 | $261,695 |
Torrance | $4,461 | $8,850 | $24,245 | $71,916 | $126,453 |
Union | N/A | N/A | N/A | N/A | N/A |
Valencia | $3,615 | $10,476 | $25,479 | $75,036 | $121,413 |
Source: Ownwell
Property Tax Bills Across New Mexico
Median New Mexico Tax Bill
$1,192
Median United States Tax Bill
$2,400
Property Tax Bills Across New Mexico
County | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Bernalillo | $1,189 | $1,730 | $2,460 | $3,505 | $5,145 |
Catron | N/A | N/A | N/A | N/A | N/A |
Chaves | $60 | $270 | $601 | $1,177 | $1,938 |
Cibola | $40 | $131 | $449 | $871 | $1,437 |
Colfax | $86 | $291 | $615 | $1,398 | $3,244 |
Curry | $79 | $419 | $1,019 | $1,662 | $2,220 |
De Baca | $44 | $130 | $297 | $628 | $1,256 |
DoaAna | $85 | $287 | $1,201 | $2,062 | $3,014 |
Eddy | $32 | $101 | $355 | $1,049 | $2,118 |
Grant | $25 | $62 | $356 | $801 | $1,275 |
Guadalupe | $33 | $59 | $178 | $438 | $1,018 |
Harding | $63 | $343 | $705 | $2,191 | $2,787 |
Hidalgo | $42 | $83 | $196 | $395 | $654 |
Lea | $62 | $176 | $468 | $1,079 | $1,872 |
Lincoln | $69 | $270 | $1,235 | $2,431 | $6,651 |
Los Alamos | $1,136 | $1,709 | $2,472 | $3,516 | $4,683 |
Luna | $35 | $70 | $141 | $285 | $520 |
McKinley | $68 | $190 | $899 | $1,662 | $2,564 |
Mora | $38 | $145 | $365 | $675 | $1,091 |
Otero | $309 | $531 | $861 | $1,403 | $2,069 |
Quay | $36 | $106 | $307 | $668 | $1,179 |
Rio Arriba | $38 | $72 | $215 | $465 | $951 |
Roosevelt | $8 | $37 | $181 | $599 | $1,019 |
Sandoval | $821 | $1,497 | $2,213 | $3,366 | $4,747 |
San Juan | $34 | $184 | $761 | $1,482 | $2,186 |
San Miguel | $237 | $448 | $856 | $1,343 | $2,016 |
Santa Fe | $155 | $1,000 | $1,886 | $3,256 | $5,441 |
Sierra | $37 | $103 | $335 | $748 | $1,310 |
Socorro | $27 | $48 | $102 | $225 | $681 |
Taos | $24 | $45 | $178 | $742 | $1,852 |
Torrance | $35 | $79 | $232 | $677 | $1,202 |
Union | N/A | N/A | N/A | N/A | N/A |
Valencia | $28 | $84 | $228 | $692 | $1,202 |
Source: Ownwell