TaxBy County

Valencia County

Valencia County, New Mexico

Effective Tax Rate

0.66%

Median Annual Tax

$1,365

How Valencia County Compares

Median Annual Property Tax

Valencia County$1,365
New Mexico State Average$1,043
National Average$1,924

Valencia County

0.66%

Effective rate

New Mexico Avg

0.57%

Effective rate

National Avg

0.91%

Effective rate

Tax by Mortgage Status

With Mortgage

$1,479

per year

Without Mortgage

$1,188

per year

Estimate Your Property Tax

$

Annual Tax

$1,365

Monthly Escrow

$114

Effective Rate

0.66%

vs. New Mexico State Average▲ 30.9% above
vs. National Average▼ 49.3% below
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Frequently Asked Questions

What is the property tax rate in Valencia County, New Mexico?
The effective property tax rate in Valencia County, New Mexico is 0.66%. 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 Valencia County?
The median annual property tax payment in Valencia County is $1,365. Homeowners with a mortgage pay a median of $1,479, while those without a mortgage pay $1,188.
How does Valencia County compare to the New Mexico average?
Valencia County's effective tax rate of 0.66% is higher than the New Mexico state average of 0.57%. The median annual property tax in Valencia County is $1,365, compared to the state average of $1,043.
What is the median home value in Valencia County, New Mexico?
The median home value in Valencia County, New Mexico is $206,800, 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 Juan County(NM)

Rate0.67%
Median Tax$1,249

Chaves County(NM)

Rate0.64%
Median Tax$915

Doña Ana County(NM)

Rate0.68%
Median Tax$1,404

Quay County(NM)

Rate0.62%
Median Tax$507
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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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