Otero County, New Mexico Property Taxes
Census Bureau ACS property tax data for New Mexico. Population: 15,794.
The median annual property tax in Otero County is $841, which is 19% lower than the New Mexico state average and 56% below the national average. The effective tax rate is 0.56% on a median home value of $149,500. Property taxes represent 1.6% of the median household income in this county.
Median Annual Tax
$841
-19% vs State
-56% vs US
Median Home Value
$149,500
-18% vs State
-29% vs US
Effective Tax Rate
0.56%
-7% vs State
-41% vs US
With vs Without Mortgage
With Mortgage
$976
$81/mo
Without Mortgage
$672
$56/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 | $841 +5.3% | 0.56% |
| 2022 | $799 +7.4% | 0.57% |
| 2021 | $744 +4.5% | 0.60% |
| 2020 | $712 +7.7% | 0.59% |
| 2019 | $661 | 0.59% |
Tax Burden
Tax-to-Income Ratio
1.6%
of median household income
Median Income
$52,717
per year
Monthly Tax
$70
per month
Other Counties in New Mexico
Socorro County
Tax: $792/yr Rate: 0.55%
Los Alamos County
Tax: $2,591/yr Rate: 0.57%
Roosevelt County
Tax: $593/yr Rate: 0.44%
Chaves County
Tax: $915/yr Rate: 0.64%
De Baca County
Tax: $788/yr Rate: 0.50%
Colfax County
Tax: $927/yr Rate: 0.58%
Frequently Asked Questions
What is the average property tax in Otero County, New Mexico? ▼
The median annual property tax in Otero County is $841 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.56% on a median home value of $149,500.
How does Otero County property tax compare to the national average? ▼
Property taxes in Otero County are 56% 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 Otero County? ▼
In Otero County, homeowners with a mortgage pay a median of $976 in annual property taxes, while homeowners without a mortgage pay $672. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Otero County? ▼
Property taxes in Otero County represent approximately 1.6% of the median household income of $52,717. 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.