TaxBy County

Otero County

Otero County, New Mexico

Effective Tax Rate

0.56%

Median Annual Tax

$841

How Otero County Compares

Median Annual Property Tax

Otero County$841
New Mexico State Average$1,043
National Average$1,924

Otero County

0.56%

Effective rate

New Mexico Avg

0.57%

Effective rate

National Avg

0.91%

Effective rate

Tax by Mortgage Status

With Mortgage

$976

per year

Without Mortgage

$672

per year

Estimate Your Property Tax

$

Annual Tax

$841

Monthly Escrow

$70

Effective Rate

0.56%

vs. New Mexico State Average▼ 19.4% below
vs. National Average▼ 68.7% below
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Frequently Asked Questions

What is the property tax rate in Otero County, New Mexico?
The effective property tax rate in Otero County, New Mexico is 0.56%. 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 Otero County?
The median annual property tax payment in Otero County is $841. Homeowners with a mortgage pay a median of $976, while those without a mortgage pay $672.
How does Otero County compare to the New Mexico average?
Otero County's effective tax rate of 0.56% is lower than the New Mexico state average of 0.57%. The median annual property tax in Otero County is $841, compared to the state average of $1,043.
What is the median home value in Otero County, New Mexico?
The median home value in Otero County, New Mexico is $149,500, 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

San Miguel County(NM)

Rate0.56%
Median Tax$991

Curry County(NM)

Rate0.56%
Median Tax$893

Union County(NM)

Rate0.57%
Median Tax$776

Socorro County(NM)

Rate0.55%
Median Tax$792
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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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