State hub · 33 counties
New Mexico property tax rates by county
New Mexico homeowners paid 0.63% of their home’s value in property tax (2020–2024 survey), the 18th lowest of 51 (50 states and D.C.), with a median bill of $1,731 a year on a median home value of $248,100. Across counties, rates ran from 0.22% (Rio Arriba County) to 0.85% (Bernalillo County).
- 0.63%Effective rate (2020–2024)+0.01 pts vs 2019–2023
- $1,731Median tax per yearU.S.: $3,119
- $248,100Median home valueU.S.: $332,700
- 585,937Owner-occupied homes70% of households own
How New Mexico compares
- U.S. effective rate: 0.94%; median bill $3,119. New Mexico is 33% below the national rate.
- Change from the 2019–2023 survey: +0.01 pts in the rate, +$62 (+3.7%) in the median bill (U.S.: −0.03 pts, +$150 (+5.1%)).
- With a mortgage, New Mexico owners’ median bill was $2,030; without one, $1,332.
- 22 of 33 counties have estimates reliable enough to rank (at least 500 owner-occupied homes and a margin of error under 25% of the rate).
Every New Mexico county
| County | Effective rate | Median tax | Median value | Owner homes | Estimate |
|---|---|---|---|---|---|
| Bernalillo County | 0.85% | $2,629 | $292,900 | 184,254 | Reliable |
| Catron County | 0.27% | $608 | $167,000 | 1,678 | Small sample |
| Chaves County | 0.61% | $935 | $156,400 | 16,904 | Reliable |
| Cibola County | 0.47% | $1,003 | $125,400 | 6,470 | Reliable |
| Colfax County | 0.51% | $867 | $167,200 | 3,853 | Reliable |
| Curry County | 0.64% | $1,017 | $171,200 | 11,653 | Reliable |
| De Baca County | 0.55% | $1,118 | $187,500 | 586 | Small sample |
| Doña Ana County | 0.64% | $1,480 | $220,800 | 55,574 | Reliable |
| Eddy County | 0.45% | $1,095 | $212,600 | 17,325 | Reliable |
| Grant County | 0.38% | $808 | $175,600 | 8,561 | Reliable |
| Guadalupe County | 0.55% | $526 | $110,000 | 1,112 | Small sample |
| Harding County | 0.27% | $305 | $70,000 | 220 | Small sample |
| Hidalgo County | 0.48% | $531 | $111,000 | 1,194 | Small sample |
| Lea County | 0.52% | $879 | $184,000 | 17,559 | Reliable |
| Lincoln County | 0.54% | $1,246 | $233,200 | 7,681 | Reliable |
| Los Alamos County | 0.56% | $2,717 | $495,800 | 6,171 | Reliable |
| Luna County | 0.55% | $687 | $128,000 | 6,537 | Small sample |
| McKinley County | 0.35% | $1,574 | $78,700 | 14,900 | Reliable |
| Mora County | 0.50% | $885 | $122,600 | 1,707 | Small sample |
| Otero County | 0.56% | $902 | $162,700 | 16,400 | Reliable |
| Quay County | 0.54% | $532 | $87,200 | 3,142 | Small sample |
| Rio Arriba County | 0.22% | $1,021 | $243,700 | 12,517 | Reliable |
| Roosevelt County | 0.60% | $616 | $135,800 | 4,513 | Reliable |
| San Juan County | 0.52% | $1,317 | $193,800 | 29,713 | Reliable |
| San Miguel County | 0.47% | $1,081 | $188,500 | 8,718 | Reliable |
| Sandoval County | 0.66% | $2,296 | $313,800 | 47,530 | Reliable |
| Santa Fe County | 0.45% | $2,152 | $446,300 | 50,603 | Reliable |
| Sierra County | 0.57% | $789 | $152,600 | 3,906 | Reliable |
| Socorro County | 0.58% | $838 | $137,500 | 3,957 | Small sample |
| Taos County | 0.34% | $1,129 | $382,800 | 12,067 | Reliable |
| Torrance County | 0.45% | $719 | $159,700 | 4,947 | Small sample |
| Union County | 0.30% | $859 | $122,700 | 1,041 | Small sample |
| Valencia County | 0.57% | $1,374 | $223,000 | 22,944 | Reliable |
Sources
- U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates, table-based summary file: B25090 (aggregate real estate taxes), B25082 (aggregate home value), B25103 (median real estate taxes), B25077 (median home value) and B25003 (tenure); files dated January 29, 2026.
- U.S. Census Bureau, American Community Survey 2019–2023 5-year estimates, same tables (files dated October 31, 2024), for the comparison column.
- Geography names: Census Bureau Geos20245YR.txt (file dated January 22, 2026).
Effective rate = total real estate taxes paid by owner-occupied homes ÷ their total value, as reported by owners to the Census Bureau. It is not a millage rate. Your bill depends on your assessed value, exemptions (such as homestead) and local levies.