New Mexico property tax, in one number.
The typical New Mexico homeowner pays $1,731 a year on a $248,100 home. That's well below the U.S. rate (0.94%).
Estimate my taxNew Mexico at a glance
Statewide medians across 585,937 owner-occupied homes.
Property tax calculator
Enter a home value to see a typical yearly bill at New Mexico's average effective rate, or pick another area.
- Bills are up, rates are down.The median tax paid rose from $1,273 in 2015 to $1,776 in 2024 (+40%), while home values rose 71%. That pushed the effective rate down.
- 35th highest rate in the U.S.Among the 50 states and D.C., ranked by median tax paid divided by median home value.
- Mortgage holders pay more.Homes with a mortgage paid a median $2,030, versus $1,332 for homes owned outright, often because they're newer, higher-value or more recently reassessed.
The data, charted
Median tax paid & effective rate
Highest effective rates
Lowest effective rates
Owners vs renters
All 33 New Mexico counties
Tap a column to sort.
| Bernalillo | $2,629 | $292,900 | 0.90% |
| Catron | $608 | $167,000 | 0.36% |
| Chaves | $935 | $156,400 | 0.60% |
| Cibola | $1,003 | $125,400 | 0.80% |
| Colfax | $867 | $167,200 | 0.52% |
| Curry | $1,017 | $171,200 | 0.59% |
| De Baca | $1,118 | $187,500 | 0.60% |
| Doña Ana | $1,480 | $220,800 | 0.67% |
| Eddy | $1,095 | $212,600 | 0.52% |
| Grant | $808 | $175,600 | 0.46% |
| Guadalupe | $526 | $110,000 | 0.48% |
| Harding | $305 | $70,000 | 0.44% |
| Hidalgo | $531 | $111,000 | 0.48% |
| Lea | $879 | $184,000 | 0.48% |
| Lincoln | $1,246 | $233,200 | 0.53% |
| Los Alamos | $2,717 | $495,800 | 0.55% |
| Luna | $687 | $128,000 | 0.54% |
| McKinley | $1,574 | $78,700 | 2.00% |
| Mora | $885 | $122,600 | 0.72% |
| Otero | $902 | $162,700 | 0.55% |
| Quay | $532 | $87,200 | 0.61% |
| Rio Arriba | $1,021 | $243,700 | 0.42% |
| Roosevelt | $616 | $135,800 | 0.45% |
| San Juan | $1,317 | $193,800 | 0.68% |
| San Miguel | $1,081 | $188,500 | 0.57% |
| Sandoval | $2,296 | $313,800 | 0.73% |
| Santa Fe | $2,152 | $446,300 | 0.48% |
| Sierra | $789 | $152,600 | 0.52% |
| Socorro | $838 | $137,500 | 0.61% |
| Taos | $1,129 | $382,800 | 0.29% |
| Torrance | $719 | $159,700 | 0.45% |
| Union | $859 | $122,700 | 0.70% |
| Valencia | $1,374 | $223,000 | 0.62% |
Cities and towns in New Mexico
30 places with at least 2,000 owner-occupied homes and reliable survey data, largest first.
- Albuquerque0.92% · $2,678
- Rio Rancho0.74% · $2,293
- Santa Fe0.48% · $2,126
- Las Cruces0.68% · $1,571
- Roswell0.65% · $995
- Farmington0.61% · $1,427
- South Valley0.67% · $1,508
- Hobbs0.50% · $954
- Clovis0.63% · $1,075
- Carlsbad0.53% · $1,066
- Alamogordo0.66% · $1,133
- Los Lunas0.74% · $1,949
- Sunland Park0.79% · $1,695
- Los Alamos0.55% · $2,749
- Deming0.59% · $756
- Gallup1.03% · $1,696
- Chaparral0.54% · $588
- Las Vegas0.72% · $1,121
- Corrales0.62% · $3,554
- North Valley0.70% · $2,120
- Bernalillo0.59% · $1,514
- Ruidoso0.65% · $1,579
- Española0.49% · $1,032
- Eldorado at Santa Fe0.48% · $2,870
- Silver City0.47% · $852
- Anthony0.91% · $1,050
- Edgewood0.50% · $1,517
- Placitas0.51% · $2,887
- Belen0.73% · $1,216
- White Rock0.54% · $2,681
Good to know
What is the property tax rate in New Mexico?
The effective rate is about 0.70%. The median homeowner pays $1,731 a year on a home worth a median $248,100 (ACS 2020–2024). The legal tax rates set by each taxing unit are different numbers; the effective rate is what owners actually pay as a share of value.
How much is property tax on a $250,000 home in New Mexico?
About $1,750 a year, or roughly $146 a month, at New Mexico's average effective rate of 0.70%. Homestead, senior, veteran or other exemptions can lower the real bill, and a recent purchase or reassessment can raise it.
Why is my bill different from this estimate?
Your bill depends on your home's assessed value from the county assessor, the exact taxing units where you live (county, city, school district, special districts) and any exemptions you get. These figures are medians across all owner-occupied homes, not a bill for any address.
How current is this data?
It comes from the U.S. Census Bureau's American Community Survey 5-year estimates for 2020–2024, the latest release. Homeowners report the taxes they paid, so the numbers lag current bills by one to two years. We update the site when the Census Bureau publishes new estimates each December.
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