Bernalillo County, New Mexico Property Taxes

Name: Property Tax Bills Across Bernalillo County, New Mexico
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Bernalillo County effective property tax rate: 1.38%, significantly higher than the national median of 1.02%.
Median Bernalillo County home value: $164,969
Median annual Bernalillo County tax bill: $2,460, $60 higher than the national median property tax bill of $2,400.

How are property taxes in Bernalillo County calculated?

Property taxes in Bernalillo County 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. Whether you live in Albuquerque or another part of Bernalillo County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Bernalillo County, New Mexico Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.38%

Estimate Property Tax Bill

$2,277

$2,113

Ownwell’s Bernalillo County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bernalillo County with just two data points. By entering your property's estimated assessed value, our calculator applies Bernalillo County’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Bernalillo County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Bernalillo County, New Mexico

Local government entities determine tax rates, which can differ significantly within a state. Each year, counties estimate the budget needed to provide essential services and divide that by the total assessed value of all taxable properties within their boundaries. This process establishes the property tax rate. Although setting tax rates and budgets involves votes and legal frameworks, this is the fundamental procedure.

You can compare Bernalillo County's effective property tax rate to other counties in New Mexico or the U.S. median property tax rate. With a median property tax rate of 1.38%, Bernalillo County surpasses the national median of 1.02%. Within the county, Albuquerque has the highest median tax rate at 1.38%, while Edgewood records the lowest at 0.90%. This variation highlights the importance of understanding local tax rates, as they can significantly impact property owners. By appealing your property taxes, you may potentially lower your tax burden and achieve savings.

Property Tax Rates Across Bernalillo County, New Mexico

Source: Ownwell

0.90%

1.22%

1.55%

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 Bernalillo County Tax Rate

1.38%

Median Effective New Mexico Tax Rate

0.86%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Bernalillo County, New Mexico

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Albuquerque	1.15%	1.35%	1.38%	1.42%	1.53%
Cedar Crest	0.97%	0.99%	0.99%	1.00%	1.01%
Corrales	1.01%	1.01%	1.02%	1.02%	1.03%
Edgewood	0.87%	0.89%	0.90%	0.92%	1.05%
Isleta	N/A	N/A	N/A	N/A	N/A
Laguna	N/A	N/A	N/A	N/A	N/A
Los Ranchos	1.19%	1.21%	1.23%	1.24%	1.25%
Los Ranchos De Albuquerque	N/A	N/A	N/A	N/A	N/A
Rio Rancho	N/A	N/A	N/A	N/A	N/A
Sandia Park	0.96%	0.98%	1.00%	1.00%	1.02%
Tijeras	0.88%	0.96%	0.99%	1.01%	1.05%

Source: Ownwell

Property Tax Assessment Values Across Bernalillo County, New Mexico

When examining property taxes in Bernalillo County, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Bernalillo County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

Assessment notices: In Bernalillo County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Bernalillo County. For example, the median tax bill in Bernalillo County is $2,400, with tax bills ranging significantly across the county. Los Ranchos has the highest median home price at $258,449.

Property Tax Assessment Values Across Bernalillo County, New Mexico

Source: Ownwell

$69,800

$279,013

$488,226

Median Bernalillo County Market Value

$164,969

Median New Mexico Market Value

$121,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Bernalillo County, New Mexico

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Albuquerque	$15,564	$107,194	$164,600	$232,867	$338,847
Cedar Crest	$7,480	$99,054	$223,564	$299,491	$366,349
Corrales	$173,471	$192,422	$236,651	$297,782	$369,366
Edgewood	$5,300	$16,800	$69,800	$209,768	$309,576
Isleta	N/A	N/A	N/A	N/A	N/A
Laguna	N/A	N/A	N/A	N/A	N/A
Los Ranchos	$4,590	$137,094	$258,449	$493,890	$751,889
Los Ranchos De Albuquerque	N/A	N/A	N/A	N/A	N/A
Rio Rancho	N/A	N/A	N/A	N/A	N/A
Sandia Park	$22,610	$114,802	$209,720	$348,695	$465,448
Tijeras	$5,140	$19,600	$129,429	$248,138	$369,346

Source: Ownwell

Property Tax Bills Across Bernalillo County, New Mexico

In Bernalillo County, NM, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the property's market value. Homeowners in Bernalillo County face a median property tax bill that can vary significantly. For instance, the 25th percentile tax bill is approximately $1,730, while the 75th percentile tax bill reaches about $3,505. At the 90th percentile, homeowners may see tax bills as high as $5,145. These figures highlight the range of property tax burdens that can affect residents depending on their property's value and location. The median home price in the county is around $164,969, which influences the overall tax bill. Cities within the county also show variation; Los Ranchos has the highest median tax bill at $3,946, while Edgewood has the lowest at $1,529. Compared to the national median property tax rate of 1.02%, Bernalillo County's property tax bills can be relatively high, impacting homeowners' financial planning.

Property Tax Bills Across Bernalillo County, New Mexico

Source: Ownwell

$1,375

$3,472

$5,568

Median Bernalillo County Tax Bill

$2,460

Median New Mexico Tax Bill

$1,192

Median United States Tax Bill

$2,400

Property Tax Bills Across Bernalillo County, New Mexico

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Albuquerque	$1,210	$1,739	$2,464	$3,500	$5,132
Cedar Crest	$1,227	$1,895	$2,479	$3,260	$3,859
Corrales	$1,748	$1,992	$2,421	$3,095	$3,806
Edgewood	$281	$621	$1,529	$2,331	$3,268
Isleta	N/A	N/A	N/A	N/A	N/A
Laguna	N/A	N/A	N/A	N/A	N/A
Los Ranchos	$1,648	$2,379	$3,946	$6,967	$9,989
Los Ranchos De Albuquerque	N/A	N/A	N/A	N/A	N/A
Rio Rancho	N/A	N/A	N/A	N/A	N/A
Sandia Park	$868	$1,477	$2,364	$3,664	$4,913
Tijeras	$345	$1,103	$1,960	$2,990	$4,213

Source: Ownwell