Torrance County Property Taxes
Torrance County, New Mexico
Effective Tax Rate
0.00%
35.1% below state avgMedian Annual Tax
$0
$56/mo escrow
Estimate Your Tax
Annual Tax
$0
Monthly
$0
Eff. Rate
0.47%
At a Glance
Median Home Value
$145,100
State avg ▼ $181,648
Tax w/ Mortgage/yr
$880
$73/mo escrow
Tax w/o Mortgage/yr
$528
$44/mo
State Tax Rate Rank
#8
of 33 counties (1 = lowest)
Similar tax rates
Data Story
About Property Taxes in Torrance County, New Mexico
Torrance offers very affordable property taxes
Torrance County's effective tax rate of 0.467% falls well below the national median of 0.79%, placing it in the bottom quarter of U.S. counties. At just $677 in annual property taxes on a median home valued at $145,100, Torrance residents enjoy some of the nation's lowest tax burdens.
Below-average taxes in New Mexico
Torrance County's 0.467% rate runs 21% below New Mexico's state average of 0.595%, placing it among the state's most tax-friendly counties. The median tax bill of $677 is roughly 35% below the state average of $1,043, making Torrance exceptionally affordable.
Torrance taxes rank among the lowest regionally
Torrance's 0.467% rate beats most regional peers except for Taos (0.329%), placing it among New Mexico's most tax-efficient counties. Compared to Sandoval County (0.760%), Torrance homeowners pay roughly 39% less in property taxes.
Annual taxes average just $677
On Torrance County's median home value of $145,100, the effective tax rate of 0.467% translates to approximately $677 per year in property taxes. Homeowners with mortgages typically pay $880 annually, while those without mortgages pay around $528.
Confirm your assessment is fair
Despite Torrance's already-low tax rates, some homeowners may still be overassessed relative to market value. A free appeal to the county assessor could verify your assessment and potentially save you money.
How Torrance County Compares
Median Annual Property Tax
Torrance 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 Torrance County, New Mexico?
How much are property taxes in Torrance County?
How does Torrance County compare to the New Mexico average?
What is the median home value in Torrance County, New Mexico?
Is Torrance County a low property tax area in New Mexico?
How does Torrance 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.