New Mexico Property Taxes
Property tax rates for all 33 counties.
Average Annual Tax
$1,043
Average Rate
0.57%
Average Home Value
$181,648
At a Glance
Average Annual Tax
$1,043
National avg $2,690
Average Effective Rate
0.57%Medium
Based on median tax / median home value
Average Home Value
$181,648
National avg $281,900
Counties
33
Browse all counties below
New Mexico Property Tax Calculator
Estimate your property tax for any county in New Mexico. Select a county and enter your home value.
Select a county above to estimate your New Mexico property tax.
Estimates based on U.S. Census Bureau, ACS 2019-2023 5-Year Estimates. Actual taxes vary by exemptions, assessments, and local levies.
State Overview
Property Taxes in New Mexico
New Mexico Ranks Among the Lowest-Tax States
New Mexico's average effective property tax rate of 0.595% is nearly half the national median of 1.03%, placing the state among the 10 most tax-friendly in the nation. The typical New Mexico homeowner pays $1,043 annually in property taxes—far below the national median of $2,690—despite living in a state where median home values ($181,648) are comparable to the national landscape.
Dramatic Tax Variation Across 33 Counties
New Mexico's 33 counties reveal stark disparities: Taos County's effective rate of 0.329% contrasts sharply with McKinley County's 1.889%—a nearly sixfold difference. Property tax bills range from just $328 in rural Harding County to $2,591 in Los Alamos County, reflecting both vastly different home values and assessment philosophies across the state.
Typical New Mexico Homeowner Pays Under $1,100
With a median home value of $181,648 and median property tax bill of $1,043, the typical New Mexico homeowner spends roughly 0.6% of home value in annual taxes. This burden ranks among the nation's lightest, making property ownership accessible compared to states like New Jersey or Connecticut, where median tax bills exceed $5,000.
Urban Centers Concentrate Higher Tax Bills
Bernalillo County (home to Albuquerque) leads the state in median taxes at $2,544, followed by Sandoval County's $2,147 and Los Alamos County's $2,591—all in or near metropolitan areas. Rural counties like Harding, Quay, and Hidalgo record median bills under $530, revealing a stark urban-rural divide driven by home values and local property assessments.
New Mexico Offers Low-Tax Living for Homeowners
New Mexico is decisively a low-tax state: its 0.595% effective rate costs homeowners less than half what Americans pay nationally, making it attractive for retirees and budget-conscious buyers. The trade-off is real variation by county—seek rural areas like Taos for minimal burden, or accept higher taxes in exchange for urban amenities in Bernalillo or Los Alamos counties.
Highest Property Tax Rates
All New Mexico Counties
| County | Effective Rate | Median Tax |
|---|---|---|
| Bernalillo County | 0.95% | $2,544 |
| Catron County | 0.34% | $583 |
| Chaves County | 0.64% | $915 |
| Cibola County | 0.82% | $983 |
| Colfax County | 0.58% | $927 |
| Curry County | 0.56% | $893 |
| De Baca County | 0.50% | $788 |
| Doña Ana County | 0.68% | $1,404 |
| Eddy County | 0.50% | $995 |
| Grant County | 0.46% | $756 |
| Guadalupe County | 0.53% | $563 |
| Harding County | 0.38% | $328 |
| Hidalgo County | 0.46% | $526 |
| Lea County | 0.47% | $824 |
| Lincoln County | 0.54% | $1,143 |
| Los Alamos County | 0.57% | $2,591 |
| Luna County | 0.58% | $648 |
| McKinley County | 1.89% | $1,362 |
| Mora County | 0.54% | $642 |
| Otero County | 0.56% | $841 |
| Quay County | 0.62% | $507 |
| Rio Arriba County | 0.43% | $1,000 |
| Roosevelt County | 0.44% | $593 |
| San Juan County | 0.67% | $1,249 |
| San Miguel County | 0.56% | $991 |
| Sandoval County | 0.76% | $2,147 |
| Santa Fe County | 0.51% | $2,110 |
| Sierra County | 0.55% | $793 |
| Socorro County | 0.55% | $792 |
| Taos County | 0.33% | $1,164 |
| Torrance County | 0.47% | $677 |
| Union County | 0.57% | $776 |
| Valencia County | 0.66% | $1,365 |
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Data updated: March 2026
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates. Effective tax rate is calculated as median property tax divided by median home value.