Property taxNew MexicoCensus ACS 2020–2024
New Mexico property tax rates by county
Homeowners in New Mexico pay a median $1,731 a year in property tax, 0.70% of the median home value.The median home is worth $248,100. New Mexico ranks 34th of 51 (50 states and DC, 1 = highest rate); its rate is 26% lower than the US rate (0.94%). Across its 33 counties the rate runs from 0.29% in Taos County to 2.00% in McKinley County.
Compared with other states
New Mexico's property tax rate is 26% lower than the US rate
Effective property tax rate (median tax ÷ median home value). Grey ticks: the other 50 states and DC.
U.S. Census Bureau, ACS 2020–2024 5-year estimates.
Estimate your property tax in New Mexico
Pick a county, or keep the state rate. Home value × the effective rate.
$144 a month at 0.70%, the effective rate for New Mexico.
| At the US rate (0.94%) | $2,326 |
An estimate from Census averages, not your bill. Your tax depends on your assessed value, local levies and any exemptions (homestead, senior, veteran) you claim.
Property tax rates across New Mexico's counties
McKinley County has New Mexico's highest rate, 2.00%; Taos County the lowest, 0.29%
Effective rate of each of 33 counties, highest to lowest; dashed line: New Mexico as a whole
U.S. Census Bureau, ACS 2020–2024 5-year estimates.
Highest rates
| McKinley County | 2.00% |
| Bernalillo County | 0.90% |
| Cibola County | 0.80% |
| Sandoval County | 0.73% |
| Mora County | 0.72% |
Lowest rates
| Taos County | 0.29% |
| Catron County | 0.36% |
| Rio Arriba County | 0.42% |
| Harding County | 0.44% |
| Torrance County | 0.45% |
Every county in New Mexico
Select a column heading to sort.
| County | Effective rate | Median tax | Median home value | Owner homes |
|---|---|---|---|---|
| McKinley County | 2.00% | $1,574 | $78,700 | 14,900 |
| Bernalillo County | 0.90% | $2,629 | $292,900 | 184,254 |
| Cibola County | 0.80% | $1,003 | $125,400 | 6,470 |
| Sandoval County | 0.73% | $2,296 | $313,800 | 47,530 |
| Mora County | 0.72% | $885 | $122,600 | 1,707 |
| Union County | 0.70% | $859 | $122,700 | 1,041 |
| San Juan County | 0.68% | $1,317 | $193,800 | 29,713 |
| Doña Ana County | 0.67% | $1,480 | $220,800 | 55,574 |
| Valencia County | 0.62% | $1,374 | $223,000 | 22,944 |
| Quay County | 0.61% | $532 | $87,200 | 3,142 |
| Socorro County | 0.61% | $838 | $137,500 | 3,957 |
| Chaves County | 0.60% | $935 | $156,400 | 16,904 |
| De Baca County | 0.60% | $1,118 | $187,500 | 586 |
| Curry County | 0.59% | $1,017 | $171,200 | 11,653 |
| San Miguel County | 0.57% | $1,081 | $188,500 | 8,718 |
| Otero County | 0.55% | $902 | $162,700 | 16,400 |
| Los Alamos County | 0.55% | $2,717 | $495,800 | 6,171 |
| Luna County | 0.54% | $687 | $128,000 | 6,537 |
| Lincoln County | 0.53% | $1,246 | $233,200 | 7,681 |
| Colfax County | 0.52% | $867 | $167,200 | 3,853 |
| Sierra County | 0.52% | $789 | $152,600 | 3,906 |
| Eddy County | 0.52% | $1,095 | $212,600 | 17,325 |
| Santa Fe County | 0.48% | $2,152 | $446,300 | 50,603 |
| Hidalgo County | 0.48% | $531 | $111,000 | 1,194 |
| Guadalupe County | 0.48% | $526 | $110,000 | 1,112 |
| Lea County | 0.48% | $879 | $184,000 | 17,559 |
| Grant County | 0.46% | $808 | $175,600 | 8,561 |
| Roosevelt County | 0.45% | $616 | $135,800 | 4,513 |
| Torrance County | 0.45% | $719 | $159,700 | 4,947 |
| Harding County | 0.44% | $305 | $70,000 | 220 |
| Rio Arriba County | 0.42% | $1,021 | $243,700 | 12,517 |
| Catron County | 0.36% | $608 | $167,000 | 1,678 |
| Taos County | 0.29% | $1,129 | $382,800 | 12,067 |
What homeowners pay
21% of New Mexico homeowners pay $3,000 or more a year (US 49%)
Owner-occupied homes by yearly real estate taxes paid
| Yearly property tax paid | Share of homeowners |
|---|---|
| No real estate taxes paid | 11% |
| Less than $800 | 20% |
| $800 to $1,499 | 19% |
| $1,500 to $1,999 | 12% |
| $2,000 to $2,999 | 17% |
| $3,000 or more | 21% |
U.S. Census Bureau, ACS 2020–2024 5-year estimates, table B25102.
Median tax with a mortgage: $2,030; without: $1,332.
Five years earlier
| 2015–2019 | 2020–2024 | Change | |
|---|---|---|---|
| Median property tax paid | $1,371 | $1,731 | +26% |
| Median home value | $171,400 | $248,100 | +45% |
| Effective rate | 0.80% | 0.70% | -0.10 pts |
Nearby states
| State | Effective rate |
|---|---|
| Nebraska median $3,549 | 1.49% |
| Kansas median $2,798 | 1.29% |
| Oklahoma median $1,599 | 0.80% |
| New Mexico median $1,731 | 0.70% |
| Arkansas median $1,040 | 0.55% |
| Colorado median $2,602 | 0.48% |
| Arizona median $1,879 | 0.48% |
Where to check your own bill
Property tax in New Mexico is assessed and billed locally. State rules, exemptions and relief programs: New Mexico Taxation and Revenue Department, property tax.
Questions and answers
- What is the property tax rate in New Mexico?
- The effective rate is 0.70%: a median $1,731 a year on a median home value of $248,100 (Census ACS 2020-2024). It ranks 34th of the 50 states and DC.
- How much is property tax on a $300,000 house in New Mexico?
- About $2,093 a year at the state's effective rate; it varies by county, from $885 in Taos County to $6,000 in McKinley County.
- Which county in New Mexico has the highest property tax?
- By effective rate, McKinley County (2.00%). By median bill, Los Alamos County ($2,717). The lowest rate is in Taos County (0.29%).
- Does this include all property taxes?
- It is the real estate tax that owner-occupants report paying on their home. Business property, renters' indirect costs and personal property taxes on cars are not included.
Related
- Property taxes by stateranking
- Property tax calculatorany US county
- Where do my state taxes go in New Mexico?state budget
- New Mexico income tax calculatortake-home pay
- Federal money in New MexicoUSAspending
Sources and notes
- U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (released December 2025), tables B25103 (median real estate taxes paid by mortgage status), B25077 (median value), B25102 (mortgage status by real estate taxes paid), B25090 and B25082 (aggregate taxes paid and aggregate value) and B25003 (tenure). Owner-occupied homes. Public domain.
- Five years earlier: ACS 2015–2019 5-year estimates, tables B25103 and B25077. Dollars are nominal.
- Effective rate = median real estate taxes paid ÷ median home value. Taxes are what homeowners report paying for the year; values are what they say the home would sell for. Where the Census Bureau caps the median tax at “$10,000+”, the rate is total taxes paid ÷ total home value instead. ± figures are the Census 90% margins of error.
- Page built 2026-10-10.