New Mexico Property Tax Data
ACS 2024 property tax data for 33 counties in NM.
The average median property tax in New Mexico is $1,107/year, which is 44% below the national average of $1,993. The average effective tax rate is 0.60% on a median home value of $192,727. Taxes range from $305 in Harding County to $2,717 in Los Alamos County.
What This Data Tells Us About New Mexico
Across 33 counties in New Mexico, the average median property tax is $1,107 per year, 44% below the national median of $1,993. The statewide effective rate of 0.60% on a median home value of $192,727 reflects how New Mexico's assessment rules and local millage combine at the household level.
Within New Mexico, median annual tax ranges from $305 in Harding County (effective rate 0.44%) to $2,717 in Los Alamos County (effective rate 0.55%). Median home values in New Mexico ($192,727) compared with $227,791 nationally help explain why the same effective rate produces different dollar bills in different states. Within-state variation often tracks local school levies, county bonds, and municipal overlays rather than a single statewide rate.
This page is for informational purposes only and is not tax, legal, or financial advice. Figures describe median homeowner households reported to the Census Bureau — individual bills can differ based on assessed value, exemptions, special districts, and local overlays. Always confirm current rates with your county assessor or a qualified professional before making decisions that rely on these numbers.
State Average vs National Average
Lowest Property Taxes in New Mexico
Counties with the cheapest tax bills →
Highest Property Taxes in New Mexico
Counties with the most expensive tax bills →
Top 5 Lowest Tax Counties
Tax Affordability Score
Based on the average effective tax rate of 0.60% compared to the national average of 0.92%. New Mexico has below-average property tax rates, making it a more affordable state for homeowners.
All Counties in New Mexico (33)
| County | Median Tax | Effective Rate |
|---|---|---|
| Bernalillo County | $2,629 | 0.90% |
| Catron County | $608 | 0.36% |
| Chaves County | $935 | 0.60% |
| Cibola County | $1,003 | 0.80% |
| Colfax County | $867 | 0.52% |
| Curry County | $1,017 | 0.59% |
| De Baca County | $1,118 | 0.60% |
| Doña Ana County | $1,480 | 0.67% |
| Eddy County | $1,095 | 0.52% |
| Grant County | $808 | 0.46% |
| Guadalupe County | $526 | 0.48% |
| Harding County | $305 | 0.44% |
| Hidalgo County | $531 | 0.48% |
| Lea County | $879 | 0.48% |
| Lincoln County | $1,246 | 0.53% |
| Los Alamos County | $2,717 | 0.55% |
| Luna County | $687 | 0.54% |
| McKinley County | $1,574 | 2.00% |
| Mora County | $885 | 0.72% |
| Otero County | $902 | 0.55% |
| Quay County | $532 | 0.61% |
| Rio Arriba County | $1,021 | 0.42% |
| Roosevelt County | $616 | 0.45% |
| San Juan County | $1,317 | 0.68% |
| San Miguel County | $1,081 | 0.57% |
| Sandoval County | $2,296 | 0.73% |
| Santa Fe County | $2,152 | 0.48% |
| Sierra County | $789 | 0.52% |
| Socorro County | $838 | 0.61% |
| Taos County | $1,129 | 0.29% |
| Torrance County | $719 | 0.45% |
| Union County | $859 | 0.70% |
| Valencia County | $1,374 | 0.62% |
Frequently Asked Questions
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Property Tax Guides
Related Data for New Mexico
Read our methodology — how this data is sourced, computed, and verified.