Chaves County, New Mexico Property Taxes
Census Bureau ACS property tax data for New Mexico. Population: 16,214.
The median annual property tax in Chaves County is $915, which is 12% lower than the New Mexico state average and 52% below the national average. The effective tax rate is 0.64% on a median home value of $141,900. Property taxes represent 1.8% of the median household income in this county.
Median Annual Tax
$915
-12% vs State
-52% vs US
Median Home Value
$141,900
-22% vs State
-33% vs US
Effective Tax Rate
0.64%
+7% vs State
-33% vs US
With vs Without Mortgage
With Mortgage
$1,171
$98/mo
Without Mortgage
$699
$58/mo
Homeowners with a mortgage typically own higher-valued properties, which can result in higher tax bills.
Property Tax History
| Year | Median Tax | Effective Rate |
|---|---|---|
| 2023 | $915 +13.8% | 0.64% |
| 2022 | $804 +3.9% | 0.60% |
| 2021 | $774 +3.5% | 0.66% |
| 2020 | $748 +2.3% | 0.65% |
| 2019 | $731 | 0.67% |
Tax Burden
Tax-to-Income Ratio
1.8%
of median household income
Median Income
$52,029
per year
Monthly Tax
$76
per month
Other Counties in New Mexico
Quay County
Tax: $507/yr Rate: 0.62%
Roosevelt County
Tax: $593/yr Rate: 0.44%
Luna County
Tax: $648/yr Rate: 0.58%
Colfax County
Tax: $927/yr Rate: 0.58%
Doña Ana County
Tax: $1,404/yr Rate: 0.68%
De Baca County
Tax: $788/yr Rate: 0.50%
Frequently Asked Questions
What is the average property tax in Chaves County, New Mexico? ▼
The median annual property tax in Chaves County is $915 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.64% on a median home value of $141,900.
How does Chaves County property tax compare to the national average? ▼
Property taxes in Chaves County are 52% below the national average of $1,923. The effective rate of 0.64% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Chaves County? ▼
In Chaves County, homeowners with a mortgage pay a median of $1,171 in annual property taxes, while homeowners without a mortgage pay $699. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Chaves County? ▼
Property taxes in Chaves County represent approximately 1.8% of the median household income of $52,029. The national benchmark is generally 2-4% of household income.
Explore More Data
Data source: U.S. Census Bureau, American Community Survey 5-Year Estimates. Property tax data reflects median amounts paid by homeowners. Effective rates are calculated as median tax divided by median home value.