10 Counties with the Highest Property Tax Rates in New Mexico
If you are comparing property taxes across New Mexico, these 10 counties have the highest effective rates in the state. The highest-rate county, McKinley County, comes in at 1.89% — 1.17% higher than the New Mexico average (0.72%). The statewide effective rate is 0.72%.
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| # | County | Effective Rate | Median Tax | Median Home Value |
|---|---|---|---|---|
| 1 | McKinley County | 1.89% | $1,362 | $72,100 |
| 2 | Bernalillo County | 0.95% | $2,544 | $268,500 |
| 3 | Cibola County | 0.82% | $983 | $120,000 |
| 4 | Sandoval County | 0.76% | $2,147 | $282,300 |
| 5 | Doña Ana County | 0.68% | $1,404 | $205,400 |
| 6 | San Juan County | 0.67% | $1,249 | $185,100 |
| 7 | Valencia County | 0.66% | $1,365 | $206,800 |
| 8 | Chaves County | 0.64% | $915 | $141,900 |
| 9 | Quay County | 0.62% | $507 | $82,200 |
| 10 | Luna County | 0.58% | $648 | $112,500 |
How this ranking is calculated
The effective property tax rate is the median annual property tax paid divided by the median home value in each county, expressed as a percentage. It is the most practical way to compare property tax burden between counties because it neutralizes differences in home values.
Counties with the highest rates in New Mexico often share a few characteristics: lower home values and/or higher millage rates driven by school and local service funding needs.
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