Valencia County, New Mexico Property Taxes
Census Bureau ACS property tax data for New Mexico. Population: 21,975.
The median annual property tax in Valencia County is $1,365, which is 31% higher than the New Mexico state average and 29% below the national average. The effective tax rate is 0.66% on a median home value of $206,800. Property taxes represent 2.3% of the median household income in this county.
Median Annual Tax
$1,365
+31% vs State
-29% vs US
Median Home Value
$206,800
+14% vs State
-2% vs US
Effective Tax Rate
0.66%
+10% vs State
-31% vs US
With vs Without Mortgage
With Mortgage
$1,479
$123/mo
Without Mortgage
$1,188
$99/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 | $1,365 +5.3% | 0.66% |
| 2022 | $1,296 +9.9% | 0.70% |
| 2021 | $1,179 +0.9% | 0.76% |
| 2020 | $1,169 +5.6% | 0.77% |
| 2019 | $1,107 | 0.78% |
Tax Burden
Tax-to-Income Ratio
2.3%
of median household income
Median Income
$58,333
per year
Monthly Tax
$114
per month
Other Counties in New Mexico
Eddy County
Tax: $995/yr Rate: 0.50%
Cibola County
Tax: $983/yr Rate: 0.82%
Doña Ana County
Tax: $1,404/yr Rate: 0.68%
Lincoln County
Tax: $1,143/yr Rate: 0.54%
Harding County
Tax: $328/yr Rate: 0.38%
Santa Fe County
Tax: $2,110/yr Rate: 0.51%
Frequently Asked Questions
What is the average property tax in Valencia County, New Mexico? ▼
The median annual property tax in Valencia County is $1,365 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.66% on a median home value of $206,800.
How does Valencia County property tax compare to the national average? ▼
Property taxes in Valencia County are 29% below the national average of $1,923. The effective rate of 0.66% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Valencia County? ▼
In Valencia County, homeowners with a mortgage pay a median of $1,479 in annual property taxes, while homeowners without a mortgage pay $1,188. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Valencia County? ▼
Property taxes in Valencia County represent approximately 2.3% of the median household income of $58,333. 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.