TaxBy County

Chaves County

Chaves County, New Mexico

Effective Tax Rate

0.64%

Median Annual Tax

$915

How Chaves County Compares

Median Annual Property Tax

Chaves County$915
New Mexico State Average$1,043
National Average$1,924

Chaves County

0.64%

Effective rate

New Mexico Avg

0.57%

Effective rate

National Avg

0.91%

Effective rate

Tax by Mortgage Status

With Mortgage

$1,171

per year

Without Mortgage

$699

per year

Estimate Your Property Tax

$

Annual Tax

$915

Monthly Escrow

$76

Effective Rate

0.64%

vs. New Mexico State Average▼ 12.3% below
vs. National Average▼ 66% below
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Frequently Asked Questions

What is the property tax rate in Chaves County, New Mexico?
The effective property tax rate in Chaves County, New Mexico is 0.64%. This rate is calculated by dividing the median property tax payment by the median home value in the county.
How much are property taxes in Chaves County?
The median annual property tax payment in Chaves County is $915. Homeowners with a mortgage pay a median of $1,171, while those without a mortgage pay $699.
How does Chaves County compare to the New Mexico average?
Chaves County's effective tax rate of 0.64% is higher than the New Mexico state average of 0.57%. The median annual property tax in Chaves County is $915, compared to the state average of $1,043.
What is the median home value in Chaves County, New Mexico?
The median home value in Chaves County, New Mexico is $141,900, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates.
How are property taxes calculated in New Mexico?
Property taxes in New Mexico are calculated based on the assessed value of your property multiplied by the local mill levy (tax rate). The assessed value is determined by your county assessor and may differ from market value. Homeowners may qualify for exemptions such as homestead, senior, veteran, or disability exemptions that can reduce the taxable value. Tax rates vary by county and include levies for schools, municipal services, and special districts.

Counties with Similar Tax Rates

Valencia County(NM)

Rate0.66%
Median Tax$1,365

Quay County(NM)

Rate0.62%
Median Tax$507

San Juan County(NM)

Rate0.67%
Median Tax$1,249

Doña Ana County(NM)

Rate0.68%
Median Tax$1,404
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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.

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