New Mexico Taxes: Income Tax | Sales Tax | Property Tax | Corporate Tax | Excise Taxes

New Mexico Property Taxes 2024 [Go To Different State]

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New Mexico Property Taxes [Go To Different State]

$880.00

Avg. 0.55% of home value

Tax amount varies by county

The median property tax in New Mexico is $880.00 per year for a home worth the median value of $160,900.00. Counties in New Mexico collect an average of 0.55% of a property's assesed fair market value as property tax per year.

New Mexico has one of the lowest median property tax rates in the United States, with only eight states collecting a lower median property tax than New Mexico.

New Mexico's median income is $52,032 per year, so the median yearly property tax paid by New Mexico residents amounts to approximately % of their yearly income. New Mexico is ranked 39th of the 50 states for property taxes as a percentage of median income.

The exact property tax levied depends on the county in New Mexico the property is located in. Bernalillo County collects the highest property tax in New Mexico, levying an average of $1,530.00 (0.81% of median home value) yearly in property taxes, while Harding County has the lowest property tax in the state, collecting an average tax of $255.00 (0.36% of median home value) per year.

For more localized property tax rates, find your county on the property tax map of New Mexico to the left or in the county list below. Jump to county list ►

New Mexico Property Tax Rates

Property taxes are collected on a county level, and each county in New Mexico has its own method of assessing and collecting taxes. As a result, it's not possible to provide a single property tax rate that applies uniformly to all properties in New Mexico.

Instead, Tax-Rates.org provides property tax statistics based on the taxes owed on millions of properties across New Mexico. These statistics allow you to easily compare relative property taxes across different areas, and see how your property taxes compare to taxes on similar houses in New Mexico.

The statistics provided here are state-wide. For more localized statistics, you can find your county in the New Mexico property tax map or county list found on this page.

New Mexico Property Taxes

Median Property Tax	Percentage Of Income	Percentage Of Property Value
$880 (42nd of 50)	1.69% (39th of 50)	0.55% (42nd of 50)

Are you paying too much property tax?

Are You Paying Too Much Property Tax?

Statistics show that about 25% of homes in America are unfairly overassessed, and pay an average of $1,346 too much in property taxes every year.

We can check your property's current assessment against similar properties in New Mexico and tell you if you've been overassessed. If you have been overassessed, we can help you submit a tax appeal.

Is your property overassessed?

New Mexico Property Tax Calculator

Property Tax Estimator

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[Approximate Property Tax Calculation]

While the exact property tax rate you will pay will vary by county and is set by the local property tax assessor, you can use the free New Mexico Property Tax Estimator Tool to calculate your approximate yearly property tax based on median property tax rates across New Mexico.

If you would like to get a more accurate property tax estimation, choose the county your property is located in from the list on the left. Property tax averages from this county will then be used to determine your estimated property tax.

Keep in mind that assessments are done on a property-by-property basis, and our calculators cannot take into account any specific features of your property that could result in property taxes that deviate from the average in your area.

Your county's property tax assessor will send you a bill detailing the exact amount of property tax you owe every year.

New Mexico Property Taxes By County

You can choose any county from our list of New Mexico counties for detailed information on that county's property tax, and the contact information for the county tax assessor's office. Alternatively, you can find your county on the New Mexico property tax map found at the top of this page. Hint: Press Ctrl+F to search for your county's name

Median Property Taxes In New Mexico By County

Bernalillo County $1,530 Tax Assessor	Catron County $294 Tax Assessor	Chaves County $505 Tax Assessor	Cibola County $444 Tax Assessor	Colfax County $458 Tax Assessor
Curry County $551 Tax Assessor	De Baca County $396 Tax Assessor	Dona Ana County $788 Tax Assessor	Eddy County $419 Tax Assessor	Grant County $467 Tax Assessor
Guadalupe County $460 Tax Assessor	Harding County $255 Tax Assessor	Hidalgo County $393 Tax Assessor	Lea County $384 Tax Assessor	Lincoln County $692 Tax Assessor
Los Alamos County $1,446 Tax Assessor	Luna County $458 Tax Assessor	McKinley County $870 Tax Assessor	Mora County $493 Tax Assessor	Otero County $601 Tax Assessor
Quay County $325 Tax Assessor	Rio Arriba County $508 Tax Assessor	Roosevelt County $398 Tax Assessor	San Juan County $628 Tax Assessor	San Miguel County $570 Tax Assessor
Sandoval County $1,256 Tax Assessor	Santa Fe County $1,148 Tax Assessor	Sierra County $501 Tax Assessor	Socorro County $538 Tax Assessor	Taos County $652 Tax Assessor
Torrance County $523 Tax Assessor	Union County $429 Tax Assessor	Valencia County $756 Tax Assessor