Santa Fe County, New Mexico Property Taxes
Census Bureau ACS property tax data for New Mexico. Population: 48,973.
The median annual property tax in Santa Fe County is $2,110, which is 102% higher than the New Mexico state average and 10% above the national average. The effective tax rate is 0.51% on a median home value of $416,900. Property taxes represent 2.8% of the median household income in this county.
Median Annual Tax
$2,110
+102% vs State
+10% vs US
Median Home Value
$416,900
+130% vs State
+97% vs US
Effective Tax Rate
0.51%
-15% vs State
-46% vs US
With vs Without Mortgage
With Mortgage
$2,165
$180/mo
Without Mortgage
$2,038
$170/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 | $2,110 +9.8% | 0.51% |
| 2022 | $1,921 +9.2% | 0.51% |
| 2021 | $1,759 +6.7% | 0.56% |
| 2020 | $1,648 -1.3% | 0.56% |
| 2019 | $1,670 | 0.57% |
Tax Burden
Tax-to-Income Ratio
2.8%
of median household income
Median Income
$74,689
per year
Monthly Tax
$176
per month
Other Counties in New Mexico
Cibola County
Tax: $983/yr Rate: 0.82%
Bernalillo County
Tax: $2,544/yr Rate: 0.95%
Doña Ana County
Tax: $1,404/yr Rate: 0.68%
Hidalgo County
Tax: $526/yr Rate: 0.46%
Sierra County
Tax: $793/yr Rate: 0.55%
Los Alamos County
Tax: $2,591/yr Rate: 0.57%
Frequently Asked Questions
What is the average property tax in Santa Fe County, New Mexico? ▼
The median annual property tax in Santa Fe County is $2,110 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.51% on a median home value of $416,900.
How does Santa Fe County property tax compare to the national average? ▼
Property taxes in Santa Fe County are 10% above the national average of $1,923. The effective rate of 0.51% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Santa Fe County? ▼
In Santa Fe County, homeowners with a mortgage pay a median of $2,165 in annual property taxes, while homeowners without a mortgage pay $2,038. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Santa Fe County? ▼
Property taxes in Santa Fe County represent approximately 2.8% of the median household income of $74,689. 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.