Lea County, New Mexico Property Taxes
Census Bureau ACS property tax data for New Mexico. Population: 17,072.
The median annual property tax in Lea County is $824, which is 21% lower than the New Mexico state average and 57% below the national average. The effective tax rate is 0.47% on a median home value of $176,000. Property taxes represent 1.2% of the median household income in this county.
Median Annual Tax
$824
-21% vs State
-57% vs US
Median Home Value
$176,000
-3% vs State
-17% vs US
Effective Tax Rate
0.47%
-22% vs State
-51% vs US
With vs Without Mortgage
With Mortgage
$1,439
$120/mo
Without Mortgage
$555
$46/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 | $824 +9.0% | 0.47% |
| 2022 | $756 +14.0% | 0.47% |
| 2021 | $663 +3.0% | 0.46% |
| 2020 | $644 +9.0% | 0.46% |
| 2019 | $591 | 0.44% |
Tax Burden
Tax-to-Income Ratio
1.2%
of median household income
Median Income
$68,750
per year
Monthly Tax
$69
per month
Other Counties in New Mexico
Harding County
Tax: $328/yr Rate: 0.38%
Grant County
Tax: $756/yr Rate: 0.46%
San Juan County
Tax: $1,249/yr Rate: 0.67%
Catron County
Tax: $583/yr Rate: 0.34%
Mora County
Tax: $642/yr Rate: 0.54%
Los Alamos County
Tax: $2,591/yr Rate: 0.57%
Frequently Asked Questions
What is the average property tax in Lea County, New Mexico? ▼
The median annual property tax in Lea County is $824 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.47% on a median home value of $176,000.
How does Lea County property tax compare to the national average? ▼
Property taxes in Lea County are 57% below the national average of $1,923. The effective rate of 0.47% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Lea County? ▼
In Lea County, homeowners with a mortgage pay a median of $1,439 in annual property taxes, while homeowners without a mortgage pay $555. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Lea County? ▼
Property taxes in Lea County represent approximately 1.2% of the median household income of $68,750. 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.