Mckinley County, New Mexico Property Taxes

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

Median McKinley County effective property tax rate: 1.20%, significantly higher than the national median of 1.02%.
Median McKinley County home value: $79,030
Median annual McKinley County tax bill: $899, $1,501 lower than the national median property tax bill of $2,400.

How are property taxes in McKinley County calculated?

Property taxes in McKinley 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 Gallup or another part of McKinley County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Mckinley County, New Mexico Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.2%

Estimate Property Tax Bill

$948

$880

Ownwell’s McKinley County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in McKinley County with just two data points. By entering your property's estimated assessed value, our calculator applies McKinley 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 McKinley County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Mckinley County, New Mexico

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In McKinley County, the effective property tax rate is slightly above the national median property tax rate of 1.02%. This rate reflects the county's budgetary needs and the total assessed value of property within its borders. Compared to other counties in New Mexico, McKinley County's rate is relatively moderate. Gallup, a city within the county, has the highest median tax rate in the area, while Yatahey boasts the lowest.

Understanding how McKinley County's tax rate compares to the national median provides valuable insight into the local tax landscape. This knowledge can help property owners make informed decisions about property tax appeals and exemptions, ultimately leading to potential savings.

Property Tax Rates Across Mckinley County, New Mexico

Source: Ownwell

0.95%

1.10%

1.26%

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 Mckinley County Tax Rate

1.20%

Median Effective New Mexico Tax Rate

0.86%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mckinley County, New Mexico

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Black Hat	0.71%	0.94%	0.98%	0.98%	1.26%
Continental Divide	0.85%	0.95%	0.99%	0.99%	0.99%
Crownpoint	N/A	N/A	N/A	N/A	N/A
Gallup	0.82%	0.98%	1.26%	1.26%	1.26%
Gamerco	0.74%	0.92%	0.98%	0.98%	0.98%
Jamestown	0.75%	0.92%	0.96%	0.98%	0.98%
Mentmore	0.61%	0.97%	0.98%	0.98%	0.98%
Navajo	N/A	N/A	N/A	N/A	N/A
Pinehill	N/A	N/A	N/A	N/A	N/A
Prewitt	0.73%	0.99%	0.99%	0.99%	0.99%
Ramah	0.85%	0.97%	0.98%	0.98%	0.98%
Thoreau	0.60%	0.93%	0.99%	0.99%	0.99%
Tse Bonito	0.97%	0.98%	0.98%	0.98%	0.98%
Vanderwagen	0.68%	0.91%	0.98%	0.98%	0.98%
Yatahey	0.41%	0.75%	0.95%	0.98%	0.98%

Source: Ownwell

Property Tax Assessment Values Across Mckinley County, New Mexico

When examining property taxes in McKinley 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 McKinley 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 McKinley 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 McKinley County. For example, the median tax bill in McKinley County is $1,446, with tax bills ranging significantly across the county. Jamestown has the highest median home price at $157,107.

Property Tax Assessment Values Across Mckinley County, New Mexico

Source: Ownwell

$12,560

$84,834

$157,107

Median Mckinley County Market Value

$79,030

Median New Mexico Market Value

$121,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mckinley County, New Mexico

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Black Hat	$7,040	$10,860	$48,040	$87,170	$166,123
Continental Divide	$20,270	$46,990	$71,820	$133,006	$192,474
Crownpoint	N/A	N/A	N/A	N/A	N/A
Gallup	$7,350	$20,204	$81,710	$145,565	$221,566
Gamerco	$12,395	$30,890	$82,396	$137,426	$183,265
Jamestown	$84,516	$119,420	$157,107	$196,480	$279,406
Mentmore	$6,612	$8,790	$21,300	$55,630	$91,466
Navajo	N/A	N/A	N/A	N/A	N/A
Pinehill	N/A	N/A	N/A	N/A	N/A
Prewitt	$14,777	$24,250	$36,760	$59,360	$125,544
Ramah	$33,665	$68,327	$117,972	$163,541	$204,358
Thoreau	$17,289	$38,445	$81,490	$126,820	$170,416
Tse Bonito	$4,160	$5,320	$12,560	$24,480	$179,700
Vanderwagen	$10,884	$33,805	$92,875	$172,722	$215,576
Yatahey	$7,809	$13,875	$42,470	$79,702	$133,514

Source: Ownwell

Property Tax Bills Across Mckinley County, New Mexico

In McKinley County, NM, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the local tax assessor and is a percentage of the property's market value. Homeowners in McKinley County can expect their property tax bill to reflect this assessed value multiplied by the local tax rate. Factors such as property size, location, and improvements can influence the market value, thereby affecting the assessed value and the resulting tax bill. The median home price in McKinley County is $79,030, with the tax bill typically ranging from $190 at the 25th percentile to $2,564 at the 90th percentile. Comparatively, the national median property tax bill is $2,400, highlighting the variability within the county. For instance, Jamestown reports the highest median tax bill of $1,446, while Mentmore has the lowest at $202. These variations illustrate how property characteristics and local assessments impact tax bills, ultimately affecting homeowners' financial obligations.

Property Tax Bills Across Mckinley County, New Mexico

Source: Ownwell

$98

$772

$1,446

Median Mckinley County Tax Bill

$899

Median New Mexico Tax Bill

$1,192

Median United States Tax Bill

$2,400

Property Tax Bills Across Mckinley County, New Mexico

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Black Hat	$71	$106	$411	$759	$1,622
Continental Divide	$164	$433	$767	$1,268	$1,830
Crownpoint	N/A	N/A	N/A	N/A	N/A
Gallup	$68	$202	$965	$1,746	$2,692
Gamerco	$78	$286	$742	$1,294	$1,752
Jamestown	$779	$1,044	$1,446	$1,894	$2,602
Mentmore	$47	$82	$202	$543	$893
Navajo	N/A	N/A	N/A	N/A	N/A
Pinehill	N/A	N/A	N/A	N/A	N/A
Prewitt	$135	$205	$344	$589	$1,228
Ramah	$301	$640	$1,105	$1,567	$1,953
Thoreau	$119	$311	$769	$1,179	$1,632
Tse Bonito	$41	$49	$98	$242	$1,943
Vanderwagen	$93	$232	$952	$1,731	$2,116
Yatahey	$44	$86	$366	$712	$1,228

Source: Ownwell