Santa Fe County Property Taxes
The median property tax rate in Santa Fe County is 0.55%, which is significantly lower than both the national median of 0.99% and the New Mexico state median of 0.86%. With the median home value in Santa Fe County at $365,234, the typical annual property tax bill reaches $1,886, well below the national median of $2,690. Property taxes in Santa Fe County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions such as the primary residence and agricultural exemptions. Understanding Santa Fe County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Santa Fe or another part of Santa Fe County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Santa Fe County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$2,009
Ownwell’s Santa Fe Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Santa Fe with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Santa Fe to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Santa Fe County, New Mexico
Property taxes in Santa Fe play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Santa Fe is 0.55%, which is lower than the U.S. national median of 0.99%. Local government entities within Santa Fe set these rates annually, and they can vary significantly between different areas within the county. Each year, Santa Fe estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Santa Fe's effective property tax rate with other counties and the national median. For comparison, the city of Yorba Linda has one of the higher property tax rates at 0.78%, while the city of Santa Cruz boasts one of the lowest at 0.49%. Analyzing how Santa Fe's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Santa Fe County Tax Rate
0.55%
Average New Mexico Tax Rate
0.86%
Average United States Tax Rate
0.99%
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 | 0.54% | 0.65% | 0.65% | 0.78% | 0.80% |
| Carlsbad | 0.66% | 0.67% | 0.68% | 0.70% | 0.71% |
| 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 | 0.72% | 0.72% | 0.72% | 0.72% | 0.72% |
| Edgewood | 0.43% | 0.52% | 0.61% | 0.68% | 0.77% |
| El Rancho | 0.52% | 0.52% | 0.52% | 0.52% | 0.52% |
| Espanola | 0.35% | 0.45% | 0.55% | 0.66% | 0.75% |
| Galisteo | 0.25% | 0.40% | 0.54% | 0.56% | 0.58% |
| Gilbert | 0.72% | 0.72% | 0.72% | 0.72% | 0.72% |
| 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 | 0.78% | 0.78% | 0.78% | 0.78% | 0.78% |
| Lamy | 0.37% | 0.50% | 0.56% | 0.64% | 0.72% |
| La Puebla | 0.53% | 0.57% | 0.62% | 0.68% | 0.72% |
| Los Alamos | 0.72% | 0.72% | 0.72% | 0.74% | 0.77% |
| 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 | 0.56% | 0.56% | 0.57% | 0.58% | 0.58% |
| 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 | 0.43% | 0.48% | 0.56% | 0.64% | 0.69% |
| Tesuque | 0.57% | 0.60% | 0.63% | 0.66% | 0.70% |
| Tijeras | 0.64% | 0.64% | 0.65% | 0.65% | 0.65% |
| Tucson | 0.72% | 0.72% | 0.72% | 0.72% | 0.72% |
| Yorba Linda | 0.78% | 0.78% | 0.78% | 0.78% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Santa Fe County, New Mexico
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Santa Fe County, NM. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Santa Fe County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Santa Fe County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Lamy has the highest median tax bill at $3,631, while Yorba Linda has the lowest at $104. Being aware of these valuation processes in Santa Fe County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Santa Fe County, New Mexico
Source: Ownwell
$1,771
$393,142
$784,512
Average Santa Fe County Assessed Value
$365,234
Average New Mexico Assessed Value
$121,540
Average United States Assessed Value
$244,900
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 | $4,523 | $9,182 | $12,323 | $18,133 | $72,352 |
| Carlsbad | $3,033 | $3,634 | $4,637 | $5,640 | $6,241 |
| 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 | $8,013 | $8,013 | $8,013 | $8,013 | $8,013 |
| Edgewood | $29,688 | $104,750 | $210,589 | $319,812 | $430,128 |
| El Rancho | $497,162 | $497,162 | $497,162 | $497,162 | $497,162 |
| Espanola | $9,672 | $51,646 | $156,314 | $249,268 | $369,250 |
| Galisteo | $366,497 | $398,570 | $616,146 | $890,884 | $1,188,738 |
| Gilbert | $1,771 | $1,771 | $1,771 | $1,771 | $1,771 |
| 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 | $10,096 | $10,096 | $10,096 | $10,096 | $10,096 |
| Lamy | $147,943 | $419,520 | $652,386 | $883,305 | $1,178,100 |
| La Puebla | $111,783 | $149,154 | $211,440 | $273,725 | $311,096 |
| Los Alamos | $5,820 | $6,280 | $11,478 | $16,422 | $16,422 |
| 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 | $141,068 | $176,814 | $236,390 | $295,965 | $331,711 |
| 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 | $172,359 | $201,118 | $249,049 | $296,980 | $325,739 |
| Tesuque | $110,843 | $194,108 | $304,459 | $444,706 | $581,786 |
| Tijeras | $6,261 | $6,272 | $6,291 | $84,370 | $131,218 |
| Tucson | $6,698 | $6,698 | $6,698 | $6,698 | $6,698 |
| Yorba Linda | $13,297 | $13,297 | $13,297 | $13,297 | $13,297 |
Source: Ownwell
Property Tax Bills Across Santa Fe County, New Mexico
In Santa Fe County, NM, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor's office. The assessed value is typically a percentage of the property's market value. Several factors influence the tax bill, including the property's location, size, and improvements, as well as the local tax rate. Homeowners in Santa Fe County experience a wide range of tax bills. For instance, the 25th percentile tax bill is $1,000, while the 75th percentile tax bill is $3,256. At the higher end, the 90th percentile tax bill reaches $5,441. The highest median tax bill in the county is found in Lamy, at $3,631, whereas Yorba Linda has the lowest median tax bill at just $104. These variations significantly impact homeowners, as those with higher-valued properties or properties in areas with higher tax rates will face larger tax bills. Compared to the national median property tax rate of 0.99%, Santa Fe County's rates can be quite varied, affecting affordability and long-term financial planning for residents.
Average Santa Fe County Tax Bill
$1,886
Average New Mexico Tax Bill
$1,192
Average United States Tax Bill
$2,690
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 | $29 | $43 | $95 | $146 | $496 |
| Carlsbad | $21 | $25 | $31 | $37 | $41 |
| 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 | $58 | $58 | $58 | $58 | $58 |
| Edgewood | $152 | $580 | $1,191 | $1,868 | $2,650 |
| El Rancho | $2,604 | $2,604 | $2,604 | $2,604 | $2,604 |
| Espanola | $60 | $297 | $803 | $1,275 | $1,869 |
| Galisteo | $988 | $2,051 | $3,197 | $4,518 | $5,937 |
| Gilbert | $13 | $13 | $13 | $13 | $13 |
| 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 | $79 | $79 | $79 | $79 | $79 |
| Lamy | $606 | $2,031 | $3,631 | $5,399 | $7,046 |
| La Puebla | $645 | $952 | $1,463 | $1,974 | $2,280 |
| Los Alamos | $44 | $46 | $83 | $118 | $118 |
| 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 | $793 | $1,008 | $1,367 | $1,727 | $1,942 |
| 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 | $798 | $1,080 | $1,549 | $2,018 | $2,300 |
| Tesuque | $675 | $1,089 | $1,806 | $2,793 | $3,691 |
| Tijeras | $41 | $41 | $41 | $537 | $835 |
| Tucson | $48 | $48 | $48 | $48 | $48 |
| Yorba Linda | $104 | $104 | $104 | $104 | $104 |
Source: Ownwell