New Mexico · County property tax · ACS 2024
Valencia County Property Taxes
The median homeowner in Valencia County pays $1,374 a year, an effective rate of 0.62%, well below the U.S. average.
- $1,374
- Median tax / yr · Below-median bill
- 0.62%
- Effective rate · Below-median rate
- -31%
- vs U.S. average
- #9 of 33
- rank in NM
The verdict
Homeowners in Valencia County pay a median $1,374 a year in property tax, an effective rate of 0.62%, more affordable than 69% of U.S. counties (Census ACS 2024).
- $1,374
- Median annual tax bill, 2024
- 0.62%
- Effective rate on median home
- #974 of 3135
- U.S. counties by tax burden
- -31%
- vs the national average bill
Effective rate is the median property tax bill divided by the median home value ($223,000). U.S. Census Bureau, ACS 5-Year Estimates · 2024.
Census Bureau ACS property tax data for New Mexico. Population: 78,458. Owner-occupied homes: 22,944.
The median annual property tax in Valencia County is $1,374, which is 21% lower than the New Mexico state average and 31% below the national average. The effective tax rate is 0.62% on a median home value of $223,000. Property taxes represent 2.3% of the median household income in this county.
Valencia County's rate standing among U.S. counties
Primary signal
The effective rate sits near the national middle
Valencia County's 0.62% effective rate sits near the middle of 3,135 tracked counties (more affordable than 69%).
Decision signal 2
The bill sits well below the national median
Homeowners in Valencia County pay a median annual property tax of $1,374, well below the national median and notably lower than the New Mexico state median. On a $223,000 median home, that works out to an effective rate of 0.62% once the local assessment base and millage are combined.
Decision signal 3
Low among New Mexico counties by effective rate
Valencia County ranks #9 of 33 counties in New Mexico by effective rate (73% of in-state counties pay a lower rate).
Decision signal 4
Income and the tax bill sit in the middle band
Property taxes in Valencia County run within the commonly cited 2%-4% national benchmark, at about 2.3% of the $58,933 median household income.
Informational notice
Figures describe the median homeowner household in Valencia County as reported to the Census Bureau; your parcel can differ. Not tax, legal, or financial advice: check the county assessor or a qualified professional before decisions that depend on these numbers.
The rate gave way faster than almost anywhere
Between the 2020 and 2024 releases the median home value in Valencia County rose 47.1%, from $151,600 to $223,000. The effective rate fell 20.1% over the same span, a steeper move than in 83% of U.S. counties.
The median bill still rose 17.5%, to $1,374. Where the rate drops this far and the bill rises anyway, what changed is the value the rate is applied to.
Effective rate is the published median bill divided by the published median home value, so the two multiply back to the bill exactly; the rate's movement here is derived from those two figures rather than read from the rounded published rate. Both are ACS 5-year survey estimates for the median owner-occupied household, compared across non-overlapping releases. They describe what the Census published, not a local policy, assessment, or exemption change.
How to read this county's bill
Bills rose across 2020-2024, from $1,169 to $1,374, a gain of 18%. This is a comparison of published ACS medians, not an explanation of a particular property's assessment or tax bill.
The fullest band here is the $800 to $1,499 range, holding 6,749 of 22,944 owner-occupied homes (29.4%). The band shows where the largest share of reported owner-occupied households falls; it is not an individual-bill estimate.
Both figures cluster near the middle of the national range, and the median bill comes to 2.3% of median household income. Counties like this are the reason a national average exists at all, and also the reason it explains so little.
The share above is the median annual bill divided by median household income, a ratio of two county-level medians rather than a household-by-household figure.
What Valencia County Homeowners Actually Pay
The single largest group of Valencia County homeowners, 6,749 of 22,944 owner-occupied homes (29.4%), pays $800 to $1,499 a year. The median is one point in this spread, not a typical bill.
- Less than $800 22.4% (5,144)
- $800 to $1,499 29.4% (6,749)
- $1,500 to $1,999 13.0% (2,974)
- $2,000 to $2,999 14.0% (3,201)
- $3,000 or more 13.2% (3,026)
Census ACS 2024, table B25102. Bands and the no-tax share sum to 100%.
1,850 homes here (8.1%) report no real estate tax at all. Exemptions are set by state: how New Mexico handles assessments and appeals.
With vs Without Mortgage
In Valencia County, mortgaged homeowners pay 26% more than those without a mortgage, a gap that typically tracks higher home values rather than a different tax rate.
Valencia County's effective rate vs peers
Effective property tax rate (median tax ÷ median home value), ACS 2024.
Valencia County's effective rate is higher than 73% of the 33 counties in New Mexico - ranking #9 of 33.
Where Valencia County sits among every U.S. county
Effective property tax rate (median tax ÷ median home value)
0.62% Among the most affordable more affordable than 69% of 3,135 U.S. counties
Show national distribution
Each bar is a band; taller bars hold more U.S. counties. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau, ACS 5-Year Estimates · 2024
Valencia County vs Benchmarks
| Metric | Valencia County | New Mexico Avg | U.S. Avg |
|---|---|---|---|
| Median Annual Tax Below-median bill | |||
| Effective Tax Rate Below-median rate | |||
| Median Home Value | |||
| Tax as % of income Below-median income burden | 2.3% | - | - |
Source: U.S. Census Bureau, ACS 5-Year Estimates. Tax-burden differences across rows reflect millage decisions, assessment-ratio practices, and the residential-vs-commercial mix of each tax base.
Valencia County is QUIET · LIGHT on ACS medians, still verify your parcel card before quoting the county figure. Estimate appeal savings · New Mexico counties.
Valencia County rate trail · QUIET
| Year | Median Tax (vs prior release) | Effective Rate |
|---|---|---|
| 2024 | $1,374 +0.7% | 0.62% |
| 2023 | $1,365 +5.3% | 0.66% |
| 2022 | $1,296 +9.9% | 0.70% |
| 2021 | $1,179 +0.9% | 0.76% |
| 2020 | $1,169 | 0.77% |
Each row is a separate ACS 5-year release, and consecutive releases share four of their five survey years. The percentage beside each bill is therefore movement in the published estimate against the previous release, not a single year's tax change. The two releases largely describe the same households. For change over time, compare releases that do not overlap.
Valencia County: tax-to-income at 2.3%
Counties near Valencia County's effective rate
On effective rate, Valencia County sits nearest Pershing County (NV), Eureka County (NV), Garfield County (MT).
On published median-tax change, the nearest matches are Leslie County (KY), Jo Daviess County (IL), Van Wert County (OH).
How peers are chosen
These are the nearest cross-state matches in the published Census data, not neighboring counties or recommendations. Peers are rebuilt with each data release; see the calculation method.
Similar effective rates
Similar published median-tax changes, 2020–2024
Valencia County: only 3% of returns show Schedule A real-estate tax
Tax year 2022: 1,170 of 35,330 returns from Valencia County reported real estate taxes, averaging $3,068 - 38% of those reporters sat in the $100-200k AGI band.
What this IRS county file does not say
Amounts are reported before the SALT cap, not deducted; the share is of filers, not homeowners. Source: IRS SOI county data, tax year 2022.
Other Counties in New Mexico
Valencia County rate FAQs
- What is the average property tax in Valencia County, New Mexico?
- The median annual property tax in Valencia County is $1,374, an effective rate of 0.62% on a $223,000 median home (Census ACS, 2024).
- What is the tax affordability score for Valencia County?
- Valencia County, New Mexico scores C (57/100) on PlainPropertyTax's tax affordability composite across 5 Census ACS dimensions (effective rate, bill size, income share, mortgage gap, and home-value/income). Its strongest scored dimension here is rate relief at B- (0.62%). The score compares published county medians to U.S. percentiles, it is not a personal bill and not advice to buy, sell, appeal, or relocate.
- How does Valencia County property tax compare to the national average?
- Property taxes in Valencia County run well below the national median of $1,993, an effective rate of 0.62% versus 0.92% nationally.
- Are property taxes increasing in Valencia County?
- The ACS median property-tax bill for Valencia County climbed 17.5% between the 2020 and 2024 5-year releases, from $1,169 to $1,374, a 4-year span. These are survey estimates covering five years each, so this compares the two releases furthest apart rather than consecutive ones, which overlap and would mostly measure the same households twice.
- What percentage of income goes to property taxes in Valencia County?
- Property taxes in Valencia County run within the commonly cited 2%-4% national benchmark, at about 2.3% of the $58,933 median household income.
What to do with Valencia County's QUIET rate
Valencia County's $1,374 median bill sits well below the U.S. median - still size a parcel estimate; local millage and exemptions move the real bill. Estimate your bill →
Valencia County ranks #9 of 33 New Mexico counties by effective rate - on the higher-burden half of the state ACS set. New Mexico overview →
Nationwide peers by effective rate (then bill)
Rate-first peers for Valencia County's QUIET effective rate, then a disjoint out-of-state bill set so the two neighborhoods stay distinct.
Similar effective rate
Nearest out-of-state counties by ACS effective rate. This county: 0.62%.
Similar median bill
Nearest out-of-state counties by ACS median annual tax. This county: $1,374/yr. Rate peers are excluded so the two link sets stay distinct.
Read with Valencia County
Nearest ABS(median_tax) ACS peers for Valencia County (QUIET · LIGHT), replacing the old fixed Keep exploring strip.
QUIET LIGHT
Adams County, IN
ABS(median_tax) peer · $1,373/yr (near-tied bill ABS $1); rate 0.77% vs Valencia County 0.62%.
Cass County, TX
ABS(median_tax) peer · $1,375/yr (near-tied bill ABS $1); rate 0.94% vs Valencia County 0.62%.
Perquimans County, NC
ABS(median_tax) peer · $1,375/yr (near-tied bill ABS $1); rate 0.59% vs Valencia County 0.62%.
Coke County, TX
ABS(median_tax) peer · $1,372/yr (near-tied bill ABS $2); rate 1.16% vs Valencia County 0.62%.
New Mexico county set
State ACS overview for every published New Mexico county rate and median bill.
Assessment cycle basics
Valencia County stamps QUIET · LIGHT - how assessed value and millage become the ACS median bill.
Data vintage and method
Data as of 2024. 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.
Source: U.S. Census Bureau American Community Survey 5-Year Estimates, county median real-estate taxes · 2024 Valencia County (QUIET · LIGHT) - ACS medians, not a parcel bill.