Santa Fe County, New Mexico Property Taxes

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

Median Santa Fe County effective property tax rate: 0.55%, significantly lower than the national median of 1.02%.
Median Santa Fe County home value: $365,234
Median annual Santa Fe County tax bill: $1,886, $514 lower than the national median property tax bill of $2,400.

How are property taxes in Santa Fe County calculated?

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

Last Updated March 1, 2025

Santa Fe County, New Mexico Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.55%

Estimate Property Tax Bill

$2,009

$1,864

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

Property Tax Rates Across Santa Fe County, New Mexico

Local government entities are responsible for setting tax rates, which can vary significantly within a state. Annually, each county determines its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process. Santa Fe County in New Mexico has an effective property tax rate of 0.55%, which is considerably lower than the national median property tax rate of 1.02%. Within the county, Sandia Park has the highest median tax rate at 0.64%, while Santa Cruz has the lowest at 0.49%. These rates highlight the diversity in property tax rates even within a single county. Such variations can significantly impact property tax bills, making it crucial for property owners to be informed and proactive about their property tax assessments and potential appeals.

Property Tax Rates Across Santa Fe County, New Mexico

Source: Ownwell

0.49%

0.56%

0.64%

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 Santa Fe County Tax Rate

0.55%

Median Effective New Mexico Tax Rate

0.86%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Santa Fe County, New Mexico

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Abiquiu	N/A	N/A	N/A	N/A	N/A
Albuquerque	N/A	N/A	N/A	N/A	N/A
Carlsbad	N/A	N/A	N/A	N/A	N/A
Cerrillos	0.32%	0.46%	0.55%	0.63%	0.72%
Chimayo	0.28%	0.42%	0.58%	0.66%	0.66%
Cundiyo	0.34%	0.40%	0.60%	0.72%	0.75%
Denver	N/A	N/A	N/A	N/A	N/A
Edgewood	0.43%	0.52%	0.61%	0.68%	0.77%
El Rancho	N/A	N/A	N/A	N/A	N/A
Espanola	0.35%	0.45%	0.55%	0.66%	0.75%
Galisteo	0.25%	0.40%	0.54%	0.56%	0.58%
Gilbert	N/A	N/A	N/A	N/A	N/A
Glorieta	0.28%	0.44%	0.57%	0.65%	0.72%
Golden	0.12%	0.34%	0.51%	0.66%	0.68%
Hernandez	N/A	N/A	N/A	N/A	N/A
Irving	N/A	N/A	N/A	N/A	N/A
Lamy	0.37%	0.50%	0.56%	0.64%	0.72%
La Puebla	N/A	N/A	N/A	N/A	N/A
Los Alamos	N/A	N/A	N/A	N/A	N/A
Madrid	0.51%	0.54%	0.55%	0.71%	0.71%
Mesa	N/A	N/A	N/A	N/A	N/A
Moriarty	0.29%	0.39%	0.53%	0.65%	0.68%
Pecos	N/A	N/A	N/A	N/A	N/A
Pena Blanca	0.36%	0.42%	0.56%	0.72%	0.72%
Pojoaque	N/A	N/A	N/A	N/A	N/A
Sandia Park	0.36%	0.51%	0.64%	0.68%	0.68%
Santa Cruz	0.28%	0.38%	0.49%	0.63%	0.66%
Santa Fe	0.37%	0.46%	0.55%	0.65%	0.77%
Stanley	0.22%	0.38%	0.51%	0.65%	0.68%
Taos	N/A	N/A	N/A	N/A	N/A
Tererro	N/A	N/A	N/A	N/A	N/A
Tesuque	N/A	N/A	N/A	N/A	N/A
Tijeras	N/A	N/A	N/A	N/A	N/A
Tucson	N/A	N/A	N/A	N/A	N/A
Yorba Linda	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Santa Fe County, New Mexico

When examining property taxes in Santa Fe 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 Santa Fe County Assessor 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.

In Santa Fe 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 Santa Fe County. For example, the median tax bill in Santa Fe County is $2,400, with tax bills ranging significantly across the county. Lamy has the highest median home price at $652,386.

Property Tax Assessment Values Across Santa Fe County, New Mexico

Source: Ownwell

$113,472

$386,640

$659,808

Median Santa Fe County Market Value

$365,234

Median New Mexico Market Value

$121,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Santa Fe County, New Mexico

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Abiquiu	N/A	N/A	N/A	N/A	N/A
Albuquerque	N/A	N/A	N/A	N/A	N/A
Carlsbad	N/A	N/A	N/A	N/A	N/A
Cerrillos	$48,711	$129,378	$230,143	$399,507	$644,789
Chimayo	$40,000	$59,152	$133,693	$204,240	$283,092
Cundiyo	$45,677	$97,529	$152,937	$213,620	$259,082
Denver	N/A	N/A	N/A	N/A	N/A
Edgewood	$29,688	$104,750	$210,589	$319,812	$430,128
El Rancho	N/A	N/A	N/A	N/A	N/A
Espanola	$9,672	$51,646	$156,314	$249,268	$369,250
Galisteo	$366,497	$398,570	$616,146	$890,884	$1,188,738
Gilbert	N/A	N/A	N/A	N/A	N/A
Glorieta	$23,751	$117,038	$215,768	$341,113	$492,972
Golden	$35,000	$83,336	$154,161	$317,746	$632,504
Hernandez	N/A	N/A	N/A	N/A	N/A
Irving	N/A	N/A	N/A	N/A	N/A
Lamy	$147,943	$419,520	$652,386	$883,305	$1,178,100
La Puebla	N/A	N/A	N/A	N/A	N/A
Los Alamos	N/A	N/A	N/A	N/A	N/A
Madrid	$97,102	$155,654	$218,909	$300,890	$598,667
Mesa	N/A	N/A	N/A	N/A	N/A
Moriarty	$15,088	$32,900	$213,782	$369,336	$500,990
Pecos	N/A	N/A	N/A	N/A	N/A
Pena Blanca	$35,786	$65,484	$173,271	$297,760	$434,661
Pojoaque	N/A	N/A	N/A	N/A	N/A
Sandia Park	$23,753	$65,406	$113,472	$187,843	$330,976
Santa Cruz	$9,436	$60,960	$168,407	$280,553	$397,488
Santa Fe	$35,638	$268,166	$396,640	$633,046	$1,049,596
Stanley	$15,033	$49,331	$190,980	$329,082	$506,207
Taos	N/A	N/A	N/A	N/A	N/A
Tererro	N/A	N/A	N/A	N/A	N/A
Tesuque	N/A	N/A	N/A	N/A	N/A
Tijeras	N/A	N/A	N/A	N/A	N/A
Tucson	N/A	N/A	N/A	N/A	N/A
Yorba Linda	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Santa Fe County, New Mexico

In Santa Fe County, NM, property tax bills are determined by assessing the property's market value and applying the local tax rate to that value. Homeowners in this region experience a median tax bill significantly higher than the national median of $2400. The 25th percentile of tax bills is $1000, while the 75th percentile reaches $3256, illustrating the range of property taxes within the county. At the higher end, the 90th percentile sees tax bills as steep as $5441. Factors influencing these variations include the property's assessed value, location within the county, and any applicable exemptions. For instance, Lamy boasts the highest median tax bill at $3631, while Golden offers some relief with the lowest median at $598. These tax bills impact homeowners by influencing monthly mortgage payments and overall affordability of homeownership. Understanding these dynamics is crucial for homeowners to budget effectively and explore potential savings through appeals or exemptions.

Property Tax Bills Across Santa Fe County, New Mexico

Source: Ownwell

$598

$2,115

$3,631

Median Santa Fe County Tax Bill

$1,886

Median New Mexico Tax Bill

$1,192

Median United States Tax Bill

$2,400

Property Tax Bills Across Santa Fe County, New Mexico

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Abiquiu	N/A	N/A	N/A	N/A	N/A
Albuquerque	N/A	N/A	N/A	N/A	N/A
Carlsbad	N/A	N/A	N/A	N/A	N/A
Cerrillos	$238	$604	$1,138	$1,955	$3,635
Chimayo	$145	$330	$626	$1,005	$1,526
Cundiyo	$241	$486	$754	$996	$1,337
Denver	N/A	N/A	N/A	N/A	N/A
Edgewood	$152	$580	$1,191	$1,868	$2,650
El Rancho	N/A	N/A	N/A	N/A	N/A
Espanola	$60	$297	$803	$1,275	$1,869
Galisteo	$988	$2,051	$3,197	$4,518	$5,937
Gilbert	N/A	N/A	N/A	N/A	N/A
Glorieta	$46	$459	$1,081	$1,850	$2,885
Golden	$163	$369	$598	$1,402	$3,124
Hernandez	N/A	N/A	N/A	N/A	N/A
Irving	N/A	N/A	N/A	N/A	N/A
Lamy	$606	$2,031	$3,631	$5,399	$7,046
La Puebla	N/A	N/A	N/A	N/A	N/A
Los Alamos	N/A	N/A	N/A	N/A	N/A
Madrid	$538	$806	$1,192	$1,569	$4,274
Mesa	N/A	N/A	N/A	N/A	N/A
Moriarty	$100	$235	$906	$1,705	$2,142
Pecos	N/A	N/A	N/A	N/A	N/A
Pena Blanca	$158	$392	$698	$1,439	$2,282
Pojoaque	N/A	N/A	N/A	N/A	N/A
Sandia Park	$159	$274	$659	$1,063	$2,157
Santa Cruz	$58	$315	$692	$1,192	$1,719
Santa Fe	$216	$1,231	$2,086	$3,521	$5,812
Stanley	$75	$217	$770	$1,402	$2,390
Taos	N/A	N/A	N/A	N/A	N/A
Tererro	N/A	N/A	N/A	N/A	N/A
Tesuque	N/A	N/A	N/A	N/A	N/A
Tijeras	N/A	N/A	N/A	N/A	N/A
Tucson	N/A	N/A	N/A	N/A	N/A
Yorba Linda	N/A	N/A	N/A	N/A	N/A

Source: Ownwell