New Mexico property tax by county
Across New Mexico's 33 counties, the typical (median) effective property-tax rate is 0.55% of a home's value. Rates vary widely by county, from 0.33% in Taos County to 1.89% in McKinley County. The full ranking is below; each county links to its own page. Figures are from the U.S. Census Bureau.
Property tax rate by county in New Mexico
| County | Effective rate | Median tax | Median home value |
|---|---|---|---|
| McKinley County | 1.89% | $1,362 | $72,100 |
| Bernalillo County | 0.95% | $2,544 | $268,500 |
| Cibola County | 0.82% | $983 | $120,000 |
| Sandoval County | 0.76% | $2,147 | $282,300 |
| Doña Ana County | 0.68% | $1,404 | $205,400 |
| San Juan County | 0.67% | $1,249 | $185,100 |
| Valencia County | 0.66% | $1,365 | $206,800 |
| Chaves County | 0.64% | $915 | $141,900 |
| Quay County | 0.62% | $507 | $82,200 |
| Colfax County | 0.58% | $927 | $161,000 |
| Luna County | 0.58% | $648 | $112,500 |
| Los Alamos County | 0.57% | $2,591 | $452,500 |
| Union County | 0.57% | $776 | $135,900 |
| Curry County | 0.56% | $893 | $160,800 |
| Otero County | 0.56% | $841 | $149,500 |
| San Miguel County | 0.56% | $991 | $177,600 |
| Sierra County | 0.55% | $793 | $144,800 |
| Socorro County | 0.55% | $792 | $143,200 |
| Lincoln County | 0.54% | $1,143 | $212,200 |
| Mora County | 0.54% | $642 | $119,900 |
| Guadalupe County | 0.53% | $563 | $107,200 |
| Santa Fe County | 0.51% | $2,110 | $416,900 |
| De Baca County | 0.5% | $788 | $158,000 |
| Eddy County | 0.5% | $995 | $199,400 |
| Lea County | 0.47% | $824 | $176,000 |
| Torrance County | 0.47% | $677 | $145,100 |
| Grant County | 0.46% | $756 | $164,400 |
| Hidalgo County | 0.46% | $526 | $114,000 |
| Roosevelt County | 0.44% | $593 | $136,000 |
| Rio Arriba County | 0.43% | $1,000 | $230,900 |
| Harding County | 0.38% | $328 | $86,500 |
| Catron County | 0.34% | $583 | $171,800 |
| Taos County | 0.33% | $1,164 | $354,000 |
Effective rate = median real estate taxes paid divided by median home value. Source: U.S. Census Bureau, American Community Survey 5-year estimates (2023), tables B25103 and B25077.
Why county rates vary so much
Property tax is set locally, not by the state, so the rate depends on the county, city, school district, and special districts where a home sits, and on how those local budgets compare to local home values. A county with low home values can still have a high effective rate if its local budgets are large, and a wealthy county can have a low effective rate. The effective rate shown here is the median tax bill divided by the median home value, which is the standard way to compare places; your own bill depends on your assessment and any exemptions.
For New Mexico's income and retirement taxes, see New Mexico income tax and New Mexico retirement taxes.
Sources
- Median real estate taxes paid and median home value, all New Mexico counties: U.S. Census Bureau, American Community Survey 5-year estimates (2023), tables B25103 and B25077.