New Mexico property tax rate: 0.70%
New Mexico's effective property tax rate is 0.70%: owner-occupied households report a median of $1,731 a year in real estate taxes on a median home value of $248,100 (2020-2024 estimates). That is the 34th highest of the 50 states and DC; the national rate is 0.94%. By county the rate runs from 0.29% in Taos County to 2.00% in McKinley County.
Property tax rate by county in New Mexico
| County | Effective rate | Median taxes | Median value | Rank |
|---|---|---|---|---|
| McKinley County | 2.00% | $1,574 | $78,700 | 1 |
| Bernalillo County | 0.90% | $2,629 | $292,900 | 2 |
| Cibola County | 0.80% | $1,003 | $125,400 | 3 |
| Sandoval County | 0.73% | $2,296 | $313,800 | 4 |
| Mora County | 0.72% | $885 | $122,600 | 5 |
| Union County | 0.70% | $859 | $122,700 | 6 |
| San Juan County | 0.68% | $1,317 | $193,800 | 7 |
| Doña Ana County | 0.67% | $1,480 | $220,800 | 8 |
| Valencia County | 0.62% | $1,374 | $223,000 | 9 |
| Quay County | 0.61% | $532 | $87,200 | 10 |
| Socorro County | 0.61% | $838 | $137,500 | 10 |
| Chaves County | 0.60% | $935 | $156,400 | 12 |
| De Baca County | 0.60% | $1,118 | $187,500 | 12 |
| Curry County | 0.59% | $1,017 | $171,200 | 14 |
| San Miguel County | 0.57% | $1,081 | $188,500 | 15 |
| Los Alamos County | 0.55% | $2,717 | $495,800 | 16 |
| Otero County | 0.55% | $902 | $162,700 | 16 |
| Luna County | 0.54% | $687 | $128,000 | 18 |
| Lincoln County | 0.53% | $1,246 | $233,200 | 19 |
| Colfax County | 0.52% | $867 | $167,200 | 20 |
| Eddy County | 0.52% | $1,095 | $212,600 | 20 |
| Sierra County | 0.52% | $789 | $152,600 | 20 |
| Guadalupe County | 0.48% | $526 | $110,000 | 23 |
| Hidalgo County | 0.48% | $531 | $111,000 | 23 |
| Lea County | 0.48% | $879 | $184,000 | 23 |
| Santa Fe County | 0.48% | $2,152 | $446,300 | 23 |
| Grant County | 0.46% | $808 | $175,600 | 27 |
| Roosevelt County | 0.45% | $616 | $135,800 | 28 |
| Torrance County | 0.45% | $719 | $159,700 | 28 |
| Harding County | 0.44% | $305 | $70,000 | 30 |
| Rio Arriba County | 0.42% | $1,021 | $243,700 | 31 |
| Catron County | 0.36% | $608 | $167,000 | 32 |
| Taos County | 0.29% | $1,129 | $382,800 | 33 |
Highest rate first. 2020-2024 5-year estimates for owner-occupied homes; "$10,000+" is the survey top code, so those rates are lower bounds.
About effective rates
An effective rate from survey data: the median of what owner-occupied households report paying in real estate taxes, divided by the median value they report. It is not the county's millage or levy rate and not a tax bill; local rates vary by city, school district and special district, and exemptions (homestead, senior, veteran) change what each owner pays.
For one ZIP code, use the property tax rate by ZIP code lookup, which also estimates the tax on a home value.
More for New Mexico
- Property tax rates by stateAll 50 states and DC ranked from highest to lowest effective rate.
- New Mexico loan limitsFHA, VA and conforming loan limits for every New Mexico county.
- New Mexico fair market rentsHUD Fair Market Rents for every New Mexico county.
- Property tax rate by ZIP codeEffective rate and an estimate for any ZIP code.
For the title side (owner of record, deeds, mortgages, liens), see the counties HeritageDeed covers; a title report is $49 per report.
Questions about New Mexico property taxes
What is the property tax rate in New Mexico?
The effective rate is 0.70%: a median of $1,731 a year in real estate taxes on a median home value of $248,100 (2020-2024 estimates). Statutory rates are set by each county, city, school district and special district, so the rate on a given property differs.
What is the average property tax in New Mexico?
The median owner-occupied household pays $1,731 a year, against $3,119 nationally. On a $300,000 home the state's effective rate works out to about $2,100 a year, as an illustration.
Which New Mexico county has the highest property tax rate?
McKinley County at 2.00%, then Bernalillo County (0.90%) and Cibola County (0.80%). These are effective rates from survey data, median taxes over median value.
Which New Mexico county has the lowest property tax rate?
Taos County at 0.29%, then Catron County (0.36%) and Rio Arriba County (0.42%). A low effective rate can reflect exemptions, low assessments or high home values.
How does New Mexico compare with other states?
New Mexico ranks 34th of the 50 states and DC by effective rate (0.70%, national 0.94%). The full ranking is on the property tax rates by state page.
Property tax rates in nearby states
Based on 2020-2024 5-year household survey estimates; 33 counties. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau. JSON: /api/data/property-tax-rates/new-mexico. Not tax advice.