San Miguel County, New Mexico Property Taxes

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

Median San Miguel County effective property tax rate: 0.78%, significantly lower than the national median of 1.02%.
Median San Miguel County home value: $75,272
Median annual San Miguel County tax bill: $856, $1,544 lower than the national median property tax bill of $2,400.

How are property taxes in San Miguel County calculated?

Property taxes in San Miguel 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 Las Vegas or another part of San Miguel County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

San Miguel County, New Mexico Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.78%

Estimate Property Tax Bill

$587

$545

Ownwell’s San Miguel County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in San Miguel County with just two data points.

By entering your property's estimated assessed value, our calculator applies San Miguel 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 San Miguel County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across San Miguel 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. This calculation results 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. Below, you can compare San Miguel County's effective property tax rate to other counties in New Mexico or the U.S. median property tax rate. San Miguel County has a median property tax rate of 0.78%, which is lower than the national median of 1.02%. Within New Mexico, tax rates vary significantly. For instance, Las Vegas has the highest median tax rate in the state at 0.95%, whereas Ilfeld boasts the lowest at 0.42%. Understanding these differences can help property owners make informed decisions about their investments and potential tax liabilities.

Property Tax Rates Across San Miguel County, New Mexico

Source: Ownwell

0.42%

0.69%

0.95%

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 San Miguel County Tax Rate

0.78%

Median Effective New Mexico Tax Rate

0.86%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across San Miguel County, New Mexico

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Conchas Dam	0.74%	0.74%	0.74%	0.74%	0.75%
Garita	0.77%	0.78%	0.78%	0.81%	0.83%
Glorieta	0.42%	0.42%	0.42%	0.45%	0.46%
Ilfeld	0.41%	0.42%	0.42%	0.43%	0.47%
Las Vegas	0.74%	0.78%	0.95%	0.99%	1.01%
Montezuma	0.67%	0.74%	0.75%	0.76%	0.80%
Pecos	0.40%	0.42%	0.42%	0.44%	0.46%
Ribera	0.69%	0.76%	0.78%	0.78%	0.81%
Rociada	0.72%	0.75%	0.75%	0.75%	0.77%
Rowe	0.40%	0.42%	0.43%	0.45%	0.49%
San Jose	0.42%	0.42%	0.63%	0.78%	0.80%
Sapello	0.67%	0.73%	0.75%	0.76%	0.81%
Serafina	0.72%	0.75%	0.78%	0.79%	0.82%
Tererro	0.42%	0.42%	0.42%	0.42%	0.46%
Villanueva	0.67%	0.73%	0.78%	0.78%	0.78%
Anton Chico	N/A	N/A	N/A	N/A	N/A
Solano	N/A	N/A	N/A	N/A	N/A
Trementina	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across San Miguel County, New Mexico

When examining property taxes in San Miguel 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 San Miguel 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 San Miguel 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 San Miguel County. For example, the median tax bill in San Miguel County is $752, with tax bills ranging significantly across the county. Glorieta has the highest median home price at $227,519.

Property Tax Assessment Values Across San Miguel County, New Mexico

Source: Ownwell

$37,328

$132,424

$227,519

Median San Miguel County Market Value

$75,272

Median New Mexico Market Value

$121,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across San Miguel County, New Mexico

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Conchas Dam	$5,738	$14,699	$37,328	$80,670	$148,194
Garita	$22,964	$26,976	$46,535	$63,429	$66,257
Glorieta	$53,567	$129,075	$227,519	$290,222	$434,205
Ilfeld	$31,648	$54,688	$118,621	$188,005	$242,053
Las Vegas	$4,907	$16,203	$70,236	$133,891	$201,732
Montezuma	$27,795	$46,772	$82,612	$160,897	$282,201
Pecos	$16,578	$62,670	$129,188	$214,627	$307,856
Ribera	$17,634	$36,577	$80,564	$157,012	$268,177
Rociada	$40,297	$105,900	$195,236	$281,224	$385,373
Rowe	$37,738	$81,413	$174,908	$246,737	$292,589
San Jose	$31,534	$54,673	$98,190	$227,132	$395,386
Sapello	$7,630	$40,458	$126,415	$216,390	$353,240
Serafina	$30,674	$45,669	$82,729	$133,276	$201,139
Tererro	$42,898	$60,501	$116,258	$227,022	$499,094
Villanueva	$12,344	$27,853	$45,913	$98,243	$156,922
Anton Chico	N/A	N/A	N/A	N/A	N/A
Solano	N/A	N/A	N/A	N/A	N/A
Trementina	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across San Miguel County, New Mexico

In San Miguel County, NM, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value, and this figure is used to calculate the property tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions or deductions. The median home price in San Miguel County is $75,272, which plays a significant role in determining property tax obligations. Homeowners in this county experience a range of tax bills, with the 25th percentile at $448 and the 75th percentile at $1,343. The 90th percentile tax bill reaches $2,016, which is above the national median property tax bill of $2,400. Rociada has the highest median tax bill at $1,530, while Garita has the lowest at $288. These variations in tax bills can significantly affect homeowners' financial planning and budgeting, making it essential to understand local tax rates and potential exemptions.

Property Tax Bills Across San Miguel County, New Mexico

Source: Ownwell

$288

$909

$1,530

Median San Miguel County Tax Bill

$856

Median New Mexico Tax Bill

$1,192

Median United States Tax Bill

$2,400

Property Tax Bills Across San Miguel County, New Mexico

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Conchas Dam	$119	$203	$401	$771	$1,215
Garita	$175	$211	$288	$468	$657
Glorieta	$442	$731	$967	$1,196	$1,755
Ilfeld	$144	$264	$549	$843	$1,141
Las Vegas	$325	$605	$994	$1,466	$2,077
Montezuma	$243	$399	$626	$1,251	$2,247
Pecos	$218	$377	$644	$1,001	$1,430
Ribera	$187	$297	$672	$1,272	$2,332
Rociada	$453	$909	$1,530	$2,159	$2,911
Rowe	$177	$493	$779	$1,106	$1,405
San Jose	$213	$303	$583	$1,194	$2,995
Sapello	$263	$562	$1,094	$1,807	$2,871
Serafina	$259	$385	$725	$1,136	$1,633
Tererro	$185	$281	$523	$1,035	$2,184
Villanueva	$70	$201	$357	$699	$1,164
Anton Chico	N/A	N/A	N/A	N/A	N/A
Solano	N/A	N/A	N/A	N/A	N/A
Trementina	N/A	N/A	N/A	N/A	N/A

Source: Ownwell