San Miguel County, New Mexico Property Taxes
Census Bureau ACS property tax data for New Mexico. Population: 8,735.
The median annual property tax in San Miguel County is $991, which is 5% lower than the New Mexico state average and 48% below the national average. The effective tax rate is 0.56% on a median home value of $177,600. Property taxes represent 2.1% of the median household income in this county.
Median Annual Tax
$991
-5% vs State
-48% vs US
Median Home Value
$177,600
-2% vs State
-16% vs US
Effective Tax Rate
0.56%
-7% vs State
-41% vs US
With vs Without Mortgage
With Mortgage
$1,154
$96/mo
Without Mortgage
$889
$74/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 | $991 +3.4% | 0.56% |
| 2022 | $958 +10.5% | 0.64% |
| 2021 | $867 +7.0% | 0.60% |
| 2020 | $810 +10.7% | 0.59% |
| 2019 | $732 | 0.54% |
Tax Burden
Tax-to-Income Ratio
2.1%
of median household income
Median Income
$47,400
per year
Monthly Tax
$83
per month
Other Counties in New Mexico
De Baca County
Tax: $788/yr Rate: 0.50%
Sandoval County
Tax: $2,147/yr Rate: 0.76%
Sierra County
Tax: $793/yr Rate: 0.55%
Doña Ana County
Tax: $1,404/yr Rate: 0.68%
Los Alamos County
Tax: $2,591/yr Rate: 0.57%
Quay County
Tax: $507/yr Rate: 0.62%
Frequently Asked Questions
What is the average property tax in San Miguel County, New Mexico? ▼
The median annual property tax in San Miguel County is $991 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.56% on a median home value of $177,600.
How does San Miguel County property tax compare to the national average? ▼
Property taxes in San Miguel County are 48% below the national average of $1,923. The effective rate of 0.56% compares to 0.95% nationally.
Does having a mortgage affect property taxes in San Miguel County? ▼
In San Miguel County, homeowners with a mortgage pay a median of $1,154 in annual property taxes, while homeowners without a mortgage pay $889. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in San Miguel County? ▼
Property taxes in San Miguel County represent approximately 2.1% of the median household income of $47,400. 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.