Grant County, New Mexico Property Taxes
Census Bureau ACS property tax data for New Mexico. Population: 8,107.
The median annual property tax in Grant County is $756, which is 28% lower than the New Mexico state average and 61% below the national average. The effective tax rate is 0.46% on a median home value of $164,400. Property taxes represent 1.6% of the median household income in this county.
Median Annual Tax
$756
-28% vs State
-61% vs US
Median Home Value
$164,400
-9% vs State
-22% vs US
Effective Tax Rate
0.46%
-23% vs State
-52% vs US
With vs Without Mortgage
With Mortgage
$842
$70/mo
Without Mortgage
$688
$57/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 | $756 -0.3% | 0.46% |
| 2022 | $758 +15.9% | 0.49% |
| 2021 | $654 +9.4% | 0.52% |
| 2020 | $598 +0.3% | 0.47% |
| 2019 | $596 | 0.48% |
Tax Burden
Tax-to-Income Ratio
1.6%
of median household income
Median Income
$45,921
per year
Monthly Tax
$63
per month
Other Counties in New Mexico
San Miguel County
Tax: $991/yr Rate: 0.56%
Hidalgo County
Tax: $526/yr Rate: 0.46%
Lincoln County
Tax: $1,143/yr Rate: 0.54%
Valencia County
Tax: $1,365/yr Rate: 0.66%
Union County
Tax: $776/yr Rate: 0.57%
Santa Fe County
Tax: $2,110/yr Rate: 0.51%
Frequently Asked Questions
What is the average property tax in Grant County, New Mexico? ▼
The median annual property tax in Grant County is $756 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.46% on a median home value of $164,400.
How does Grant County property tax compare to the national average? ▼
Property taxes in Grant County are 61% below the national average of $1,923. The effective rate of 0.46% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Grant County? ▼
In Grant County, homeowners with a mortgage pay a median of $842 in annual property taxes, while homeowners without a mortgage pay $688. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Grant County? ▼
Property taxes in Grant County represent approximately 1.6% of the median household income of $45,921. 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.