New Mexico Property Tax
New Mexico Property Tax Calculator
Estimate New Mexico property taxes, compare county effective rates, and see how taxes show up in a monthly mortgage payment. 2026 planning data — not an official tax bill.
Estimated effective state rate
0.63%
Sample tax on a $400,000 home
$2,520
Vs U.S. benchmark (0.90%)
−$1,080
Counties in this dataset
32
In the current NMC dataset, New Mexico has an estimated effective property-tax rate of 0.63%, resulting in approximately $2,520 in annual property taxes on a $400,000 home.
How property taxes work in New Mexico
New Mexico property taxes are levied locally — typically a stack of county, municipal, school, and special-district rates applied to assessed value after any exemptions. The 0.63% figure on this page is an ACS effective rate (taxes paid ÷ owner-occupied home value), which is useful for comparing counties and modeling PITI. It is not the millage printed on a specific parcel's bill.
For millage, exemption filings, or an official estimate, use New Mexico Taxation and Revenue Department.
Estimate New Mexico taxes in the calculatorNew Mexico county property tax comparison
Median owner-occupied home value and median real-estate tax paid (ACS), with the county effective rate used in our calculator. Showing the 30 largest counties by owner-occupied households; every county is listed below.
| County | Median home value | Median annual tax | Effective rate |
|---|---|---|---|
| Bernalillo County | $292,900 | $2,629 | 0.90% |
| Doña Ana County | $220,800 | $1,480 | 0.67% |
| Santa Fe County | $446,300 | $2,152 | 0.48% |
| Sandoval County | $313,800 | $2,296 | 0.73% |
| San Juan County | $193,800 | $1,317 | 0.68% |
| Valencia County | $223,000 | $1,374 | 0.62% |
| Lea County | $184,000 | $879 | 0.48% |
| Eddy County | $212,600 | $1,095 | 0.52% |
| Chaves County | $156,400 | $935 | 0.60% |
| Otero County | $162,700 | $902 | 0.55% |
| McKinley County | $78,700 | $1,574 | 2.00% |
| Rio Arriba County | $243,700 | $1,021 | 0.42% |
| Taos County | $382,800 | $1,129 | 0.29% |
| Curry County | $171,200 | $1,017 | 0.59% |
| San Miguel County | $188,500 | $1,081 | 0.57% |
| Grant County | $175,600 | $808 | 0.46% |
| Lincoln County | $233,200 | $1,246 | 0.53% |
| Luna County | $128,000 | $687 | 0.54% |
| Cibola County | $125,400 | $1,003 | 0.80% |
| Los Alamos County | $495,800 | $2,717 | 0.55% |
| Torrance County | $159,700 | $719 | 0.45% |
| Roosevelt County | $135,800 | $616 | 0.45% |
| Socorro County | $137,500 | $838 | 0.61% |
| Sierra County | $152,600 | $789 | 0.52% |
| Colfax County | $167,200 | $867 | 0.52% |
| Quay County | $87,200 | $532 | 0.61% |
| Mora County | $122,600 | $885 | 0.72% |
| Catron County | $167,000 | $608 | 0.36% |
| Hidalgo County | $111,000 | $531 | 0.48% |
| Guadalupe County | $110,000 | $526 | 0.48% |
New Mexico county directory
Highest property tax rates in New Mexico
Among counties currently in the NMC dataset for this state.
- 1. McKinley County2.00%
- 2. Bernalillo County0.90%
- 3. Cibola County0.80%
- 4. Sandoval County0.73%
- 5. Mora County0.72%
Lowest property tax rates in New Mexico
Among counties currently in the NMC dataset for this state.
- 1. Taos County0.29%
- 2. Catron County0.36%
- 3. Rio Arriba County0.42%
- 4. Roosevelt County0.45%
- 5. Torrance County0.45%
Bernalillo County
Estimated effective rate: 0.90%
Catron County
Estimated effective rate: 0.36%
Chaves County
Estimated effective rate: 0.60%
Cibola County
Estimated effective rate: 0.80%
Colfax County
Estimated effective rate: 0.52%
Curry County
Estimated effective rate: 0.59%
De Baca County
Estimated effective rate: 0.60%
Doña Ana County
Estimated effective rate: 0.67%
Eddy County
Estimated effective rate: 0.52%
Grant County
Estimated effective rate: 0.46%
Guadalupe County
Estimated effective rate: 0.48%
Hidalgo County
Estimated effective rate: 0.48%
Lea County
Estimated effective rate: 0.48%
Lincoln County
Estimated effective rate: 0.53%
Los Alamos County
Estimated effective rate: 0.55%
Luna County
Estimated effective rate: 0.54%
McKinley County
Estimated effective rate: 2.00%
Mora County
Estimated effective rate: 0.72%
Otero County
Estimated effective rate: 0.55%
Quay County
Estimated effective rate: 0.61%
Rio Arriba County
Estimated effective rate: 0.42%
Roosevelt County
Estimated effective rate: 0.45%
San Juan County
Estimated effective rate: 0.68%
San Miguel County
Estimated effective rate: 0.57%
Sandoval County
Estimated effective rate: 0.73%
Santa Fe County
Estimated effective rate: 0.48%
Sierra County
Estimated effective rate: 0.52%
Socorro County
Estimated effective rate: 0.61%
Taos County
Estimated effective rate: 0.29%
Torrance County
Estimated effective rate: 0.45%
Union County
Estimated effective rate: 0.70%
Valencia County
Estimated effective rate: 0.62%
Related planning resources for New Mexico
FHA limit context in New Mexico
Most counties in this state follow the standard FHA floor framework.
FHA 1-unit floor $541,287 · ceiling $1,249,125. Property tax estimates on this page are separate from loan limits.
View New Mexico FHA loan limitsNeed the national view?
Return to the national Property Tax Calculator to compare across states and scenarios.
Methodology
Statewide effective rates use 2024 ACS owner-occupied data. County rates are median real-estate taxes paid divided by median owner-occupied home value (ACS 2020–2024 5-year). Last reviewed August 13, 2026. Estimates only — confirm with the local taxing authority.
On a $400,000 home, the U.S. benchmark used for comparison is 0.90% ($3,600 / year).