San Miguel County Property Taxes
San Miguel County, New Mexico
Effective Tax Rate
0.00%
5% below state avgMedian Annual Tax
$0
$83/mo escrow
Estimate Your Tax
Annual Tax
$0
Monthly
$0
Eff. Rate
0.56%
At a Glance
Median Home Value
$177,600
State avg ▼ $181,648
Tax w/ Mortgage/yr
$1,154
$96/mo escrow
Tax w/o Mortgage/yr
$889
$74/mo
State Tax Rate Rank
#19
of 33 counties (1 = lowest)
Similar tax rates
Data Story
About Property Taxes in San Miguel County, New Mexico
San Miguel's tax rate ranks low nationally
San Miguel County's effective tax rate of 0.558% sits well below the national median of 0.79%, putting it in the bottom third of U.S. counties. At just $991 in annual property taxes on a median home, residents here pay about 63% less than the national median of $2,690.
Middle of the pack in New Mexico
San Miguel's 0.558% rate runs slightly below New Mexico's state average of 0.595%, landing it in the middle tier of the state's 33 counties. The median tax bill of $991 is below the state average of $1,043, reflecting both lower rates and more modest home values.
Lower taxes than most regional peers
San Miguel's 0.558% rate beats Sandoval County (0.760%) and nearly matches Socorro County (0.553%), though it falls short of Taos County's remarkably low 0.329%. Among its mountain region neighbors, San Miguel offers moderate tax burdens with property values and rates that reflect rural northern New Mexico.
Expect roughly $991 annually
On San Miguel's median home value of $177,600, the effective tax rate of 0.558% translates to about $991 per year in property taxes. Homeowners with mortgages typically pay $1,154 annually when factoring in county assessments, while those without mortgages pay around $889.
Many San Miguel homeowners could appeal
Across New Mexico, thousands of homeowners are overassessed relative to market values, and San Miguel is no exception. If you believe your home's assessed value exceeds its true market worth, an appeal to the county assessor's office could reduce your tax burden.
How San Miguel County Compares
Median Annual Property Tax
San Miguel County
0.56%
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 San Miguel County, New Mexico?
How much are property taxes in San Miguel County?
How does San Miguel County compare to the New Mexico average?
What is the median home value in San Miguel County, New Mexico?
Is San Miguel County a low property tax area in New Mexico?
How does San Miguel 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.