New Mexico Property Tax Rates
New Mexico homeowners pay a median $1,731 a year in property taxes, 0.70% of a typical home's value. That ranks 35th of 51 and is 0.24 points below the US rate of 0.94%.
0.70%Effective rate, 35th highest (US 0.94%)
$1,731Median taxes paid a year, 41st highest (US $3,119)
$248,100Median home value, 37th highest (US $332,700)
Property taxes in New Mexico
- Homeowners with a mortgage pay a median $2,030; those without one pay $1,332.
- The effective rate is lower than the US rate: a home at the US median value of $332,700 would pay about $2,330 a year at New Mexico's rate.
- By county, rates run from 0.29% in Taos County to 2.00% in McKinley County.
Property taxes by county in New Mexico
| McKinley | 2.00% | $1,574 | $78,700 |
| Bernalillo | 0.90% | $2,629 | $292,900 |
| Cibola | 0.80% | $1,003 | $125,400 |
| Sandoval | 0.73% | $2,296 | $313,800 |
| Mora | 0.72% | $885 | $122,600 |
| Union | 0.70% | $859 | $122,700 |
| San Juan | 0.68% | $1,317 | $193,800 |
| Doña Ana | 0.67% | $1,480 | $220,800 |
| Valencia | 0.62% | $1,374 | $223,000 |
| Quay | 0.61% | $532 | $87,200 |
| Socorro | 0.61% | $838 | $137,500 |
| Chaves | 0.60% | $935 | $156,400 |
| De Baca † | 0.60% | $1,118 | $187,500 |
| Curry | 0.59% | $1,017 | $171,200 |
| San Miguel | 0.57% | $1,081 | $188,500 |
| Los Alamos | 0.55% | $2,717 | $495,800 |
| Otero | 0.55% | $902 | $162,700 |
| Luna | 0.54% | $687 | $128,000 |
| Lincoln | 0.53% | $1,246 | $233,200 |
| Colfax | 0.52% | $867 | $167,200 |
| Eddy | 0.52% | $1,095 | $212,600 |
| Sierra | 0.52% | $789 | $152,600 |
| Guadalupe | 0.48% | $526 | $110,000 |
| Hidalgo | 0.48% | $531 | $111,000 |
| Lea | 0.48% | $879 | $184,000 |
| Santa Fe | 0.48% | $2,152 | $446,300 |
| Grant | 0.46% | $808 | $175,600 |
| Roosevelt | 0.45% | $616 | $135,800 |
| Torrance | 0.45% | $719 | $159,700 |
| Harding † | 0.44% | $305 | $70,000 |
| Rio Arriba | 0.42% | $1,021 | $243,700 |
| Catron | 0.36% | $608 | $167,000 |
| Taos | 0.29% | $1,129 | $382,800 |
About these numbers
Effective rate = median real estate taxes paid ÷ median home value, owner-occupied homes, from the Census American Community Survey 2020-2024 ACS 5-year. It shows the typical burden, not a statutory rate; bills depend on local rates, assessments and exemptions. Full methodology.
Cite: Home Stats Data, "New Mexico Property Tax Rates," https://homestatsdata.com/property-taxes/new-mexico/