Property Tax Rates in New Mexico
New Mexico has a median annual property tax of $1,669 on a median home value of $232,200, resulting in an effective property tax rate of 0.72%. Below you will find a full breakdown of property taxes in every county in New Mexico.
New Mexico’s effective property tax rate of 0.72% is below the national average of 0.91%. Within the state, 4 counties have rates above the state median while 29 counties fall below it.
County Property Tax Rates in New Mexico
| County | Median Tax | Eff. Rate | Median Home | Housing Units |
|---|---|---|---|---|
| Bernalillo County | $2,544 | 0.95% | $268,500 | 283,609 |
| Doña Ana County | $1,404 | 0.68% | $205,400 | 83,530 |
| Santa Fe County | $2,110 | 0.51% | $416,900 | 69,348 |
| Sandoval County | $2,147 | 0.76% | $282,300 | 55,741 |
| San Juan County | $1,249 | 0.67% | $185,100 | 41,053 |
| Valencia County | $1,365 | 0.66% | $206,800 | 26,782 |
| Lea County | $824 | 0.47% | $176,000 | 24,568 |
| Otero County | $841 | 0.56% | $149,500 | 24,285 |
| Chaves County | $915 | 0.64% | $141,900 | 23,605 |
| Eddy County | $995 | 0.50% | $199,400 | 23,245 |
| McKinley County | $1,362 | 1.89% | $72,100 | 21,088 |
| Curry County | $893 | 0.56% | $160,800 | 18,471 |
| Rio Arriba County | $1,000 | 0.43% | $230,900 | 14,980 |
| Taos County | $1,164 | 0.33% | $354,000 | 14,459 |
| San Miguel County | $991 | 0.56% | $177,600 | 11,924 |
| Grant County | $756 | 0.46% | $164,400 | 11,069 |
| Lincoln County | $1,143 | 0.54% | $212,200 | 9,376 |
| Luna County | $648 | 0.58% | $112,500 | 9,082 |
| Cibola County | $983 | 0.82% | $120,000 | 8,353 |
| Los Alamos County | $2,591 | 0.57% | $452,500 | 8,211 |
| Roosevelt County | $593 | 0.44% | $136,000 | 7,211 |
| Torrance County | $677 | 0.47% | $145,100 | 5,774 |
| Sierra County | $793 | 0.55% | $144,800 | 5,419 |
| Colfax County | $927 | 0.58% | $161,000 | 5,413 |
| Socorro County | $792 | 0.55% | $143,200 | 5,222 |
| Quay County | $507 | 0.62% | $82,200 | 4,102 |
| Mora County | $642 | 0.54% | $119,900 | 1,991 |
| Catron County | $583 | 0.34% | $171,800 | 1,645 |
| Union County | $776 | 0.57% | $135,900 | 1,504 |
| Hidalgo County | $526 | 0.46% | $114,000 | 1,501 |
| Guadalupe County | $563 | 0.53% | $107,200 | 1,451 |
| De Baca County | $788 | 0.50% | $158,000 | 727 |
| Harding County | $328 | 0.38% | $86,500 | 282 |
About Property Taxes in New Mexico
Property taxes in New Mexico are levied at the county level and are a primary funding source for local government services including public schools, law enforcement, fire protection, and infrastructure maintenance. The effective tax rate varies significantly between counties depending on local budgets, assessed values, and any applicable exemptions or caps.
Homeowners in New Mexico should be aware that the median tax figures shown above reflect actual taxes paid, which may differ from the statutory rate due to homestead exemptions, senior exemptions, assessment ratios, and other adjustments. Click on any county name to see detailed tax information and use our property tax calculator.