New Mexico Property Tax
NM
Effective property tax rate
0.73%
0.26pp below the national average of 1.00%
Calculate Property Tax in New Mexico
Estimate your annual property tax bill. Pick a New Mexico county and enter your home value.
Property Tax Calculator
County Rankings
Highest and lowest effective property tax rates among New Mexico's counties.
Highest rates
| # | County | Rate |
|---|---|---|
| 1 | McKinley County | 1.89% |
| 2 | Bernalillo County | 0.95% |
| 3 | Cibola County | 0.82% |
| 4 | Sandoval County | 0.76% |
| 5 | Doña Ana County | 0.68% |
| 6 | San Juan County | 0.68% |
| 7 | Valencia County | 0.66% |
| 8 | Chaves County | 0.65% |
| 9 | Quay County | 0.62% |
| 10 | Colfax County | 0.58% |
Lowest rates
| # | County | Rate |
|---|---|---|
| 1 | Taos County | 0.33% |
| 2 | Catron County | 0.34% |
| 3 | Harding County | 0.38% |
| 4 | Rio Arriba County | 0.43% |
| 5 | Roosevelt County | 0.44% |
| 6 | Grant County | 0.46% |
| 7 | Hidalgo County | 0.46% |
| 8 | Torrance County | 0.47% |
| 9 | Lea County | 0.47% |
| 10 | Eddy County | 0.50% |
All Counties
Browse property tax data for all 33 counties in New Mexico.
Showing 33 of 33 counties
- Bernalillo CountyRate:0.95%Home:$268,500Tax:$2,544
- Catron CountyRate:0.34%Home:$171,800Tax:$583
- Chaves CountyRate:0.65%Home:$141,900Tax:$915
- Cibola CountyRate:0.82%Home:$120,000Tax:$983
- Colfax CountyRate:0.58%Home:$161,000Tax:$927
- Curry CountyRate:0.56%Home:$160,800Tax:$893
- De Baca CountyRate:0.50%Home:$158,000Tax:$788
- Doña Ana CountyRate:0.68%Home:$205,400Tax:$1,404
- Eddy CountyRate:0.50%Home:$199,400Tax:$995
- Grant CountyRate:0.46%Home:$164,400Tax:$756
- Guadalupe CountyRate:0.53%Home:$107,200Tax:$563
- Harding CountyRate:0.38%Home:$86,500Tax:$328
- Hidalgo CountyRate:0.46%Home:$114,000Tax:$526
- Lea CountyRate:0.47%Home:$176,000Tax:$824
- Lincoln CountyRate:0.54%Home:$212,200Tax:$1,143
- Los Alamos CountyRate:0.57%Home:$452,500Tax:$2,591
- Luna CountyRate:0.58%Home:$112,500Tax:$648
- McKinley CountyRate:1.89%Home:$72,100Tax:$1,362
- Mora CountyRate:0.53%Home:$119,900Tax:$642
- Otero CountyRate:0.56%Home:$149,500Tax:$841
- Quay CountyRate:0.62%Home:$82,200Tax:$507
- Rio Arriba CountyRate:0.43%Home:$230,900Tax:$1,000
- Roosevelt CountyRate:0.44%Home:$136,000Tax:$593
- San Juan CountyRate:0.68%Home:$185,100Tax:$1,249
- San Miguel CountyRate:0.56%Home:$177,600Tax:$991
- Sandoval CountyRate:0.76%Home:$282,300Tax:$2,147
- Santa Fe CountyRate:0.51%Home:$416,900Tax:$2,110
- Sierra CountyRate:0.55%Home:$144,800Tax:$793
- Socorro CountyRate:0.55%Home:$143,200Tax:$792
- Taos CountyRate:0.33%Home:$354,000Tax:$1,164
- Torrance CountyRate:0.47%Home:$145,100Tax:$677
- Union CountyRate:0.57%Home:$135,900Tax:$776
- Valencia CountyRate:0.66%Home:$206,800Tax:$1,365
New Mexico Property Tax FAQ
Common questions about property taxes in New Mexico, answered with current data from the U.S. Census Bureau.
Property tax in New Mexico is calculated by multiplying your home's assessed value by the local effective tax rate. The state-wide effective rate is 0.73%, but rates vary significantly by county. Each county applies its own assessment ratio and mill rate, so the actual rate you pay depends on where you live within New Mexico.
The population-weighted effective property tax rate in New Mexico is 0.73%. Based on the median home value of $160,800, a typical homeowner pays around $893 per year in property tax. This figure is calculated from U.S. Census Bureau ACS 2023 data across all 33 counties in New Mexico.
Taos County has the lowest effective property tax rate in New Mexico at 0.33%. The median home value there is $354,000, with a median annual tax of $1,164.
McKinley County has the highest effective property tax rate in New Mexico at 1.89%. The median home value there is $72,100, with a median annual tax of $1,362.
The U.S. national population-weighted average effective property tax rate is 1.00%. New Mexico's rate of 0.73% is 0.26 percentage points below the national average. This means New Mexico homeowners typically pay less in property tax than the average American homeowner, relative to home value.