10 Counties with the Lowest Property Tax Rates in New Mexico
If you are comparing property taxes across New Mexico, these 10 counties have the lowest effective rates in the state. The lowest-rate county, Taos County, comes in at 0.33% — 0.39% lower 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 | Taos County | 0.33% | $1,164 | $354,000 |
| 2 | Catron County | 0.34% | $583 | $171,800 |
| 3 | Harding County | 0.38% | $328 | $86,500 |
| 4 | Rio Arriba County | 0.43% | $1,000 | $230,900 |
| 5 | Roosevelt County | 0.44% | $593 | $136,000 |
| 6 | Grant County | 0.46% | $756 | $164,400 |
| 7 | Hidalgo County | 0.46% | $526 | $114,000 |
| 8 | Torrance County | 0.47% | $677 | $145,100 |
| 9 | Lea County | 0.47% | $824 | $176,000 |
| 10 | De Baca County | 0.50% | $788 | $158,000 |
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 lowest rates in New Mexico often share a few characteristics: higher home values that compress the percentage even when dollar taxes are high.
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