Lea County Property Taxes
Lea County, New Mexico
Effective Tax Rate
0.00%
21% below state avgMedian Annual Tax
$0
$69/mo escrow
Estimate Your Tax
Annual Tax
$0
Monthly
$0
Eff. Rate
0.47%
At a Glance
Median Home Value
$176,000
State avg ▼ $181,648
Tax w/ Mortgage/yr
$1,439
$120/mo escrow
Tax w/o Mortgage/yr
$555
$46/mo
State Tax Rate Rank
#9
of 33 counties (1 = lowest)
Similar tax rates
Data Story
About Property Taxes in Lea County, New Mexico
Lea County taxes run far below the nation
Lea County's effective tax rate of 0.468% ranks in the bottom 25% of U.S. counties by tax burden. The median property tax of $824 represents less than 31% of the national median of $2,690.
Below-average rate for New Mexico
Lea County's 0.468% effective rate falls below New Mexico's state average of 0.595%. With a median property tax of $824, Lea homeowners pay roughly $220 less annually than the statewide median of $1,043.
Mid-range among southeast New Mexico
Lea County's 0.468% rate sits between Grant County's 0.460% (lowest) and Eddy County's 0.499% in the southeast region. All three counties cluster in the state's lower-tax tier.
Lea homeowner pays $824 yearly
With a median home value of $176,000 and a 0.468% effective rate, the typical Lea County homeowner pays $824 annually in property tax. Homeowners with mortgages pay $1,439 (including escrow), while those without mortgages pay $555.
Check your assessment against comparable homes
Even in Lea County's affordable tax environment, some homeowners may be overassessed. Review your property's assessed value against recent sales of similar homes nearby—if yours seems high, filing an appeal could lower your bill.
How Lea County Compares
Median Annual Property Tax
Lea County
0.47%
Effective rate
New Mexico Avg
0.57%
Effective rate
National Avg
0.91%
Effective rate
Frequently Asked Questions
What is the property tax rate in Lea County, New Mexico?
How much are property taxes in Lea County?
How does Lea County compare to the New Mexico average?
What is the median home value in Lea County, New Mexico?
Is Lea County a low property tax area in New Mexico?
How does Lea County rank for property taxes in New Mexico?
Counties with Similar Tax Rates
Nearby Counties
Other Counties in New Mexico
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.