Socorro County Property Taxes
Socorro County, New Mexico
Effective Tax Rate
0.00%
24.1% below state avgMedian Annual Tax
$0
$66/mo escrow
Estimate Your Tax
Annual Tax
$0
Monthly
$0
Eff. Rate
0.55%
At a Glance
Median Home Value
$143,200
State avg ▼ $181,648
Tax w/ Mortgage/yr
$1,303
$109/mo escrow
Tax w/o Mortgage/yr
$662
$55/mo
State Tax Rate Rank
#17
of 33 counties (1 = lowest)
Data Story
About Property Taxes in Socorro County, New Mexico
Socorro taxes well below national median
Socorro County's effective tax rate of 0.553% sits well below the national median of 0.79%, placing it in the bottom third of U.S. counties. With a median property tax of just $792 on homes valued at $143,200, Socorro residents pay about 71% less than the national median of $2,690.
Below-average taxes for New Mexico
Socorro County's 0.553% rate runs slightly below New Mexico's state average of 0.595%, landing it in the lower-middle tier of state counties. The median tax bill of $792 is roughly 24% below the state average of $1,043, typical for rural New Mexico counties.
Socorro comparable to other rural counties
Socorro's 0.553% rate closely mirrors San Miguel (0.558%) and Sierra (0.548%), creating a cohesive group of low-tax rural counties. All three substantially undercut Sandoval County (0.760%) and offer meaningful savings compared to higher-value markets like Santa Fe.
Budget approximately $792 annually
On Socorro's median home value of $143,200, the effective tax rate of 0.553% results in about $792 per year in property taxes. Homeowners with mortgages typically pay $1,303 annually due to assessment variations, while those without mortgages pay closer to $662.
Low taxes don't preclude appeal opportunities
Socorro homeowners should still review their assessments, as some properties may be valued above current market rates. A straightforward appeal to the county assessor costs nothing and could lower your annual tax bill.
How Socorro County Compares
Median Annual Property Tax
Socorro County
0.55%
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 Socorro County, New Mexico?
How much are property taxes in Socorro County?
How does Socorro County compare to the New Mexico average?
What is the median home value in Socorro County, New Mexico?
Is Socorro County a low property tax area in New Mexico?
How does Socorro 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.