Santa Fe County Property Taxes
Santa Fe County, New Mexico
Effective Tax Rate
0.00%
102.3% above state avgMedian Annual Tax
$0
$176/mo escrow
Estimate Your Tax
Annual Tax
$0
Monthly
$0
Eff. Rate
0.51%
At a Glance
Median Home Value
$416,900
State avg ▲ $181,648
Tax w/ Mortgage/yr
$2,165
$180/mo escrow
Tax w/o Mortgage/yr
$2,038
$170/mo
State Tax Rate Rank
#12
of 33 counties (1 = lowest)
Similar tax rates
Data Story
About Property Taxes in Santa Fe County, New Mexico
Santa Fe offers below-average tax rates
Santa Fe County's effective tax rate of 0.506% sits comfortably below the national median of 0.79%, placing it in the bottom fifth of U.S. counties. Despite a much higher median home value of $416,900 compared to the national average of $281,900, Santa Fe residents pay just $2,110 annually—below the national median of $2,690.
Santa Fe offers the state's lowest rate
Santa Fe County's 0.506% effective tax rate is the lowest in New Mexico, sitting 15% below the state average of 0.595%. This favorable rate benefits the county's affluent homeowners, who own properties worth significantly more than statewide averages yet pay manageable tax bills.
Santa Fe's taxes undercut even Taos
Santa Fe's 0.506% rate matches Taos County's remarkably low 0.329% as among New Mexico's most tax-friendly counties, though Santa Fe's higher home values ($416,900) generate larger absolute tax bills. Compared to Sandoval County's 0.760%, Santa Fe residents enjoy a 33% tax advantage.
Premium homes, reasonable tax bills
With a median home value of $416,900 and an effective tax rate of 0.506%, Santa Fe homeowners typically pay $2,110 annually. This relatively modest bill reflects the county's voter-approved tax structure, making it attractive to higher-value property owners.
Even Santa Fe homeowners should review assessments
Even in a tax-friendly county like Santa Fe, some homeowners carry inflated assessed values that exceed current market worth. A quick review of your assessment or an appeal to the county assessor could confirm you're not overpaying.
How Santa Fe County Compares
Median Annual Property Tax
Santa Fe County
0.51%
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 Santa Fe County, New Mexico?
How much are property taxes in Santa Fe County?
How does Santa Fe County compare to the New Mexico average?
What is the median home value in Santa Fe County, New Mexico?
Is Santa Fe County a low property tax area in New Mexico?
How does Santa Fe 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.