Taos County, New Mexico Property Taxes

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

Median Taos County effective property tax rate: 0.59%, significantly lower than the national median of 1.02%.
Median Taos County home value: $25,092
Median annual Taos County tax bill: $178, $2,222 lower than the national median property tax bill of $2,400.

How are property taxes in Taos County calculated?

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

Last Updated March 1, 2025

Taos County, New Mexico Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.59%

Estimate Property Tax Bill

$148

$137

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

Property Tax Rates Across Taos County, New Mexico

Local government entities set property 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 Taos County's effective property tax rate to other counties in New Mexico or the U.S. median property tax rate.

Property Tax Rates Across Taos County, New Mexico

Source: Ownwell

0.52%

0.67%

0.82%

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 Taos County Tax Rate

0.59%

Median Effective New Mexico Tax Rate

0.86%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Taos County, New Mexico

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Amalia	0.43%	0.49%	0.52%	0.58%	0.63%
Arroyo Hondo	0.51%	0.55%	0.58%	0.61%	0.67%
Carson	N/A	N/A	N/A	N/A	N/A
Cerro	N/A	N/A	N/A	N/A	N/A
Chamisal	0.41%	0.46%	0.56%	0.58%	0.61%
Costilla	N/A	N/A	N/A	N/A	N/A
El Prado	0.41%	0.51%	0.56%	0.65%	0.79%
Llano	N/A	N/A	N/A	N/A	N/A
Penasco	0.39%	0.46%	0.54%	0.65%	0.77%
Questa	0.48%	0.52%	0.63%	0.67%	0.70%
Ranchos De Taos	0.37%	0.51%	0.62%	0.73%	0.79%
Red River	0.79%	0.79%	0.79%	0.79%	0.79%
San Cristobal	0.47%	0.53%	0.56%	0.63%	0.70%
Taos	0.43%	0.52%	0.61%	0.65%	0.77%
Taos Ski Valley	0.60%	0.82%	0.82%	0.82%	0.84%
Trampas	N/A	N/A	N/A	N/A	N/A
Tres Piedras	N/A	N/A	N/A	N/A	N/A
Vadito	0.40%	0.48%	0.56%	0.59%	0.78%
Valdez	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Taos County, New Mexico

When examining property taxes in Taos 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 Taos 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.

In Taos 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 Taos County.

For example, the median tax bill in Taos County is $742, with tax bills ranging significantly across the county. Taos Ski Valley has the highest median home price at $235,917.

Property Tax Assessment Values Across Taos County, New Mexico

Source: Ownwell

$5,940

$120,929

$235,917

Median Taos County Market Value

$25,092

Median New Mexico Market Value

$121,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Taos County, New Mexico

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Amalia	$4,444	$6,568	$35,190	$70,752	$388,871
Arroyo Hondo	$4,589	$5,973	$44,667	$331,515	$552,840
Carson	N/A	N/A	N/A	N/A	N/A
Cerro	N/A	N/A	N/A	N/A	N/A
Chamisal	$4,269	$5,415	$16,490	$71,756	$129,411
Costilla	N/A	N/A	N/A	N/A	N/A
El Prado	$4,640	$6,970	$26,952	$140,328	$301,060
Llano	N/A	N/A	N/A	N/A	N/A
Penasco	$4,869	$11,426	$25,706	$53,516	$142,562
Questa	$3,734	$4,556	$5,940	$50,396	$130,556
Ranchos De Taos	$4,269	$6,195	$20,163	$62,332	$141,639
Red River	$66,898	$97,338	$142,611	$236,241	$292,650
San Cristobal	$3,176	$8,381	$40,746	$120,536	$150,675
Taos	$4,525	$6,665	$30,496	$154,947	$331,265
Taos Ski Valley	$15,814	$168,729	$235,917	$415,264	$709,028
Trampas	N/A	N/A	N/A	N/A	N/A
Tres Piedras	N/A	N/A	N/A	N/A	N/A
Vadito	$4,635	$6,330	$16,533	$49,434	$141,210
Valdez	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Taos County, New Mexico

In Taos County, NM, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The median home price in Taos is $25,092, and the tax rate is applied to this assessed value to calculate the annual tax bill. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Taos County can expect a wide range of tax bills. For instance, the 25th percentile tax bill is about $45, while the 75th percentile reaches $742. At the 90th percentile, the tax bill can go up to $1,852, reflecting the variability in property values and tax rates across the county. The highest median tax bill is found in Taos Ski Valley at $2,258, whereas Chamisal has the lowest at $109. With the national median property tax rate at 1.02%, homeowners in Taos County may find themselves paying lower tax bills compared to the national median property tax bill of $2,400, depending on their property's assessed value.

Property Tax Bills Across Taos County, New Mexico

Source: Ownwell

$79

$1,169

$2,258

Median Taos County Tax Bill

$178

Median New Mexico Tax Bill

$1,192

Median United States Tax Bill

$2,400

Property Tax Bills Across Taos County, New Mexico

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Amalia	$15	$28	$216	$417	$2,293
Arroyo Hondo	$26	$69	$898	$2,212	$3,514
Carson	N/A	N/A	N/A	N/A	N/A
Cerro	N/A	N/A	N/A	N/A	N/A
Chamisal	$17	$25	$109	$392	$708
Costilla	N/A	N/A	N/A	N/A	N/A
El Prado	$25	$49	$187	$982	$1,939
Llano	N/A	N/A	N/A	N/A	N/A
Penasco	$27	$63	$157	$362	$973
Questa	$19	$26	$79	$380	$928
Ranchos De Taos	$22	$39	$134	$422	$1,093
Red River	$527	$767	$1,124	$1,862	$2,307
San Cristobal	$12	$30	$233	$722	$976
Taos	$24	$51	$270	$1,122	$2,189
Taos Ski Valley	$111	$1,300	$2,258	$3,464	$5,972
Trampas	N/A	N/A	N/A	N/A	N/A
Tres Piedras	N/A	N/A	N/A	N/A	N/A
Vadito	$23	$31	$95	$272	$984
Valdez	N/A	N/A	N/A	N/A	N/A

Source: Ownwell