Quay County, New Mexico Property Taxes
Census Bureau ACS property tax data for New Mexico. Population: 2,984.
The median annual property tax in Quay County is $507, which is 51% lower than the New Mexico state average and 74% below the national average. The effective tax rate is 0.62% on a median home value of $82,200. Property taxes represent 1.2% of the median household income in this county.
Median Annual Tax
$507
-51% vs State
-74% vs US
Median Home Value
$82,200
-55% vs State
-61% vs US
Effective Tax Rate
0.62%
+3% vs State
-35% vs US
With vs Without Mortgage
With Mortgage
$664
$55/mo
Without Mortgage
$449
$37/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 | $507 +9.5% | 0.62% |
| 2022 | $463 +17.2% | 0.60% |
| 2021 | $395 +2.9% | 0.55% |
| 2020 | $384 -19.7% | 0.56% |
| 2019 | $478 | 0.66% |
Tax Burden
Tax-to-Income Ratio
1.2%
of median household income
Median Income
$43,698
per year
Monthly Tax
$42
per month
Other Counties in New Mexico
San Miguel County
Tax: $991/yr Rate: 0.56%
Torrance County
Tax: $677/yr Rate: 0.47%
Valencia County
Tax: $1,365/yr Rate: 0.66%
McKinley County
Tax: $1,362/yr Rate: 1.89%
Sandoval County
Tax: $2,147/yr Rate: 0.76%
Guadalupe County
Tax: $563/yr Rate: 0.53%
Frequently Asked Questions
What is the average property tax in Quay County, New Mexico? ▼
The median annual property tax in Quay County is $507 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.62% on a median home value of $82,200.
How does Quay County property tax compare to the national average? ▼
Property taxes in Quay County are 74% below the national average of $1,923. The effective rate of 0.62% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Quay County? ▼
In Quay County, homeowners with a mortgage pay a median of $664 in annual property taxes, while homeowners without a mortgage pay $449. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Quay County? ▼
Property taxes in Quay County represent approximately 1.2% of the median household income of $43,698. 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.