New Mexico Property Tax Data
ACS 2023 property tax data for 33 counties in NM.
The average median property tax in New Mexico is $1,043/year, which is 46% below the national average of $1,923. The average effective tax rate is 0.60% on a median home value of $181,648. Taxes range from $328 in Harding County to $2,591 in Los Alamos County.
State Average vs National Average
Median Annual Tax
$1,043
-46% vs US avg
Median Home Value
$181,648
-14% vs US avg
Effective Tax Rate
0.60%
-37% vs US avg
Lowest Property Taxes in New Mexico
Counties with the cheapest tax bills →
Highest Property Taxes in New Mexico
Counties with the most expensive tax bills →
Top 5 Lowest Tax Counties
All Counties in New Mexico (33)
| County | Median Tax | Effective Rate |
|---|---|---|
| Bernalillo County | $2,544 | 0.95% |
| Catron County | $583 | 0.34% |
| Chaves County | $915 | 0.64% |
| Cibola County | $983 | 0.82% |
| Colfax County | $927 | 0.58% |
| Curry County | $893 | 0.56% |
| De Baca County | $788 | 0.50% |
| Doña Ana County | $1,404 | 0.68% |
| Eddy County | $995 | 0.50% |
| Grant County | $756 | 0.46% |
| Guadalupe County | $563 | 0.53% |
| Harding County | $328 | 0.38% |
| Hidalgo County | $526 | 0.46% |
| Lea County | $824 | 0.47% |
| Lincoln County | $1,143 | 0.54% |
| Los Alamos County | $2,591 | 0.57% |
| Luna County | $648 | 0.58% |
| McKinley County | $1,362 | 1.89% |
| Mora County | $642 | 0.54% |
| Otero County | $841 | 0.56% |
| Quay County | $507 | 0.62% |
| Rio Arriba County | $1,000 | 0.43% |
| Roosevelt County | $593 | 0.44% |
| San Juan County | $1,249 | 0.67% |
| San Miguel County | $991 | 0.56% |
| Sandoval County | $2,147 | 0.76% |
| Santa Fe County | $2,110 | 0.51% |
| Sierra County | $793 | 0.55% |
| Socorro County | $792 | 0.55% |
| Taos County | $1,164 | 0.33% |
| Torrance County | $677 | 0.47% |
| Union County | $776 | 0.57% |
| Valencia County | $1,365 | 0.66% |
Frequently Asked Questions
What is the average property tax in New Mexico? ▼
The average median property tax paid in New Mexico is $1,043 per year, based on ACS 2023 data. The average effective tax rate is 0.60%.
How does New Mexico compare to the national average? ▼
New Mexico property taxes are 46% below the national average. Homeowners here pay a median of $1,043 per year compared to $1,923 nationally.
Which county in New Mexico has the lowest property taxes? ▼
Harding County has the lowest median property tax in New Mexico at $328 per year with an effective rate of 0.38%. The highest is Los Alamos County at $2,591.
How are property taxes calculated? ▼
Property taxes are calculated by multiplying the assessed value of a property by the local tax rate (mill rate). Rates vary by county, city, and school district. The effective tax rate shown here is the median tax paid divided by the median home value, which provides a standardized comparison across counties.