Eddy County, New Mexico Property Taxes
Census Bureau ACS property tax data for New Mexico. Population: 17,354.
The median annual property tax in Eddy County is $995, which is 5% lower than the New Mexico state average and 48% below the national average. The effective tax rate is 0.50% on a median home value of $199,400. Property taxes represent 1.2% of the median household income in this county.
Median Annual Tax
$995
-5% vs State
-48% vs US
Median Home Value
$199,400
+10% vs State
-6% vs US
Effective Tax Rate
0.50%
-17% vs State
-47% vs US
With vs Without Mortgage
With Mortgage
$1,327
$111/mo
Without Mortgage
$721
$60/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 | $995 +9.0% | 0.50% |
| 2022 | $913 +21.6% | 0.48% |
| 2021 | $751 -1.4% | 0.45% |
| 2020 | $762 +7.2% | 0.47% |
| 2019 | $711 | 0.46% |
Tax Burden
Tax-to-Income Ratio
1.2%
of median household income
Median Income
$79,605
per year
Monthly Tax
$83
per month
Other Counties in New Mexico
Bernalillo County
Tax: $2,544/yr Rate: 0.95%
Mora County
Tax: $642/yr Rate: 0.54%
Torrance County
Tax: $677/yr Rate: 0.47%
Sierra County
Tax: $793/yr Rate: 0.55%
Curry County
Tax: $893/yr Rate: 0.56%
Catron County
Tax: $583/yr Rate: 0.34%
Frequently Asked Questions
What is the average property tax in Eddy County, New Mexico? ▼
The median annual property tax in Eddy County is $995 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.50% on a median home value of $199,400.
How does Eddy County property tax compare to the national average? ▼
Property taxes in Eddy County are 48% below the national average of $1,923. The effective rate of 0.50% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Eddy County? ▼
In Eddy County, homeowners with a mortgage pay a median of $1,327 in annual property taxes, while homeowners without a mortgage pay $721. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Eddy County? ▼
Property taxes in Eddy County represent approximately 1.2% of the median household income of $79,605. 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.