New Mexico property tax
Census ACS 2023 5-year estimates · updated 2026-09-20
The median effective property tax rate in New Mexico is 0.72%, below the national median of 0.98%, ranking 34 of 51 states and DC. The median homeowner pays $1,669 a year on a home worth $232,200. On a $300,000 home that is about $2,160 before exemptions.
- Effective rate
- 0.72%
- Median annual bill
- $1,669
- Median home value
- $232,200
- Rank (highest = 1)
- 34of 51
Property tax by county in New Mexico
All 32 counties, largest first. Click a county for its estimate table.
| County | Effective rate | Median bill | Median home value | Population |
|---|---|---|---|---|
| Bernalillo County | 0.95% | $2,544 | $268,500 | 674,357 |
| Doña Ana County | 0.68% | $1,404 | $205,400 | 221,665 |
| Santa Fe County | 0.51% | $2,110 | $416,900 | 155,175 |
| Sandoval County | 0.76% | $2,147 | $282,300 | 151,538 |
| San Juan County | 0.67% | $1,249 | $185,100 | 121,178 |
| Valencia County | 0.66% | $1,365 | $206,800 | 77,382 |
| Lea County | 0.47% | $824 | $176,000 | 73,154 |
| McKinley County | 1.89% | $1,362 | $72,100 | 71,172 |
| Otero County | 0.56% | $841 | $149,500 | 68,235 |
| Chaves County | 0.64% | $915 | $141,900 | 64,446 |
| Eddy County | 0.50% | $995 | $199,400 | 61,114 |
| Curry County | 0.56% | $893 | $160,800 | 47,932 |
| Rio Arriba County | 0.43% | $1,000 | $230,900 | 40,165 |
| Taos County | 0.33% | $1,164 | $354,000 | 34,516 |
| Grant County | 0.46% | $756 | $164,400 | 27,856 |
| Cibola County | 0.82% | $983 | $120,000 | 27,059 |
| San Miguel County | 0.56% | $991 | $177,600 | 27,036 |
| Luna County | 0.58% | $648 | $112,500 | 25,420 |
| Lincoln County | 0.54% | $1,143 | $212,200 | 20,227 |
| Los Alamos County | 0.57% | $2,591 | $452,500 | 19,374 |
| Roosevelt County | 0.44% | $593 | $136,000 | 19,002 |
| Socorro County | 0.55% | $792 | $143,200 | 16,308 |
| Torrance County | 0.47% | $677 | $145,100 | 15,290 |
| Colfax County | 0.58% | $927 | $161,000 | 12,336 |
| Sierra County | 0.55% | $793 | $144,800 | 11,511 |
| Quay County | 0.62% | $507 | $82,200 | 8,616 |
| Guadalupe County | 0.53% | $563 | $107,200 | 4,379 |
| Mora County | 0.54% | $642 | $119,900 | 4,176 |
| Hidalgo County | 0.46% | $526 | $114,000 | 4,097 |
| Union County | 0.57% | $776 | $135,900 | 4,039 |
| Catron County | 0.34% | $583 | $171,800 | 3,685 |
| De Baca County | 0.50% | $788 | $158,000 | 1,580 |
New Mexico compared with the United States
The New Mexico median bill of $1,669 is below the national median of $2,969. Assessment rules, exemptions and appeal deadlines for New Mexico are being verified against the state's revenue department and will appear here once confirmed.
Rates and medians: U.S. Census Bureau, ACS 2023 5-year estimates.
Frequently asked questions
What is the property tax rate in New Mexico?
The median effective property tax rate in New Mexico is 0.72% of home value, below the national median of 0.98%. On a $300,000 home that is about $2,160 per year before exemptions. Rates vary by county and school district.
Which New Mexico county has the highest property tax?
McKinley County has the highest median effective rate in New Mexico at 1.89%. Taos County has the lowest at 0.33%. The largest county by population, Bernalillo County, is at 0.95%.