Statewide · Property tax · ACS 2024
New Mexico Property Taxes
The average New Mexico homeowner pays $1,731 a year at an effective rate of 0.70%, 13% below the U.S. average. Compare 33 counties below.
- $1,731
- Avg median tax
- 0.70%
- Effective rate
- #35 of 51
- U.S. rank (burden)
- 33
- Counties
The verdict
The average New Mexico homeowner pays $1,731 a year in property tax, an effective rate of 0.70%, the #35 highest burden of 51 U.S. states.
- $1,731
- Average median tax, 2024
- 0.70%
- Statewide effective rate
- #35 of 51
- U.S. states by tax burden
- 33
- counties measured
Effective rate is the median property tax bill divided by the median home value ($248,100). U.S. Census Bureau, ACS 5-Year Estimates · 2024.
The average median property tax in New Mexico is $1,731/year, which is 13% below the national average of $1,993. The average effective tax rate is 0.70% on a median home value of $248,100. Taxes range from $305 in Harding County to $2,717 in Los Alamos County.
What This Data Tells Us About New Mexico
The statewide average property tax in New Mexico is $1,731 per year, 13% below the national average of $1,993, based on Census ACS state-level estimates. The statewide effective rate of 0.70% on a median home value of $248,100 reflects how New Mexico's assessment rules and local millage combine at the household level; the 33 counties below show how that varies locally.
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 ($248,100) 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
How New Mexico compares
Average effective property tax rate vs the national average, ACS 2024.
New Mexico has a higher effective property tax rate than 32% of U.S. states, ranking #35 of 51 for property tax burden.
Top 5 Lowest Tax Counties
Tax Affordability Score
Based on the average effective tax rate of 0.70% compared to the national average of 0.92%. New Mexico has below-average property tax rates, making it a more affordable state for homeowners.
How this score is calculated: a 1-10 scale derived mechanically from the ratio of this state's average effective rate to the national average effective rate (0.92%) - a ratio at or below 0.5× scores 10, a ratio at or above 2.0× scores 1, with a linear scale between. It is a factual comparison of Census figures only, not a recommendation, quality rating, or endorsement of New Mexico or any other state.
All Counties in New Mexico (33)
| County (by tax bill) | Median tax | Eff. rate | Home value |
|---|---|---|---|
| Los Alamos County | $2,717 | 0.55% | $495,800 |
| Bernalillo County | $2,629 | 0.90% | $292,900 |
| Sandoval County | $2,296 | 0.73% | $313,800 |
| Santa Fe County | $2,152 | 0.48% | $446,300 |
| McKinley County | $1,574 | 2.00% | $78,700 |
| Doña Ana County | $1,480 | 0.67% | $220,800 |
| Valencia County | $1,374 | 0.62% | $223,000 |
| San Juan County | $1,317 | 0.68% | $193,800 |
| Lincoln County | $1,246 | 0.53% | $233,200 |
| Taos County | $1,129 | 0.29% | $382,800 |
| De Baca County | $1,118 | 0.60% | $187,500 |
| Eddy County | $1,095 | 0.52% | $212,600 |
| San Miguel County | $1,081 | 0.57% | $188,500 |
| Rio Arriba County | $1,021 | 0.42% | $243,700 |
| Curry County | $1,017 | 0.59% | $171,200 |
| Cibola County | $1,003 | 0.80% | $125,400 |
| Chaves County | $935 | 0.60% | $156,400 |
| Otero County | $902 | 0.55% | $162,700 |
| Mora County | $885 | 0.72% | $122,600 |
| Lea County | $879 | 0.48% | $184,000 |
| Colfax County | $867 | 0.52% | $167,200 |
| Union County | $859 | 0.70% | $122,700 |
| Socorro County | $838 | 0.61% | $137,500 |
| Grant County | $808 | 0.46% | $175,600 |
| Sierra County | $789 | 0.52% | $152,600 |
| Torrance County | $719 | 0.45% | $159,700 |
| Luna County | $687 | 0.54% | $128,000 |
| Roosevelt County | $616 | 0.45% | $135,800 |
| Catron County | $608 | 0.36% | $167,000 |
| Quay County | $532 | 0.61% | $87,200 |
| Hidalgo County | $531 | 0.48% | $111,000 |
| Guadalupe County | $526 | 0.48% | $110,000 |
| Harding County | $305 | 0.44% | $70,000 |
Frequently Asked Questions
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How does New Mexico compare to the national average? ▼
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PlainPropertyTax is rendered directly from the U.S. Census Bureau's American Community Survey (ACS) 5-year estimates, no number is typed in by an editor. This page draws directly on the Census ACS state-level record for New Mexico. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2026-06-09.