New Mexico Property Tax
New Mexico Property Tax Calculator (2026)
Estimate New Mexico property taxes, review the statewide effective rate, browse county pages, and connect tax costs to mortgage payment planning.
Estimated Effective State Rate
0.63%
Sample Annual Tax on $425,000 Home
$2,678
FHA State Tier
Standard FHA Tier
Counties Covered
32
FHA Limit Tier Context in New Mexico
State Tier Signal
Most counties in this state follow the standard FHA floor framework.
FHA 1-Unit Floor
$541,287
FHA 1-Unit Ceiling
$1,249,125
What Homebuyers in New Mexico Should Know
- Lower effective property taxes can support payment flexibility in some scenarios.
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.
New Mexico County and Locality Pages
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%
Need the National View?
Return to the national Property Tax Calculator to compare across states and scenarios.
Methodology and Data Sources
- Tax Foundation Facts & Figures: Property Tax as Percent of Home Value - State-level effective property tax rates (Updated: 2026-02-19)
- HUD/FHA Mortgagee Letter 2025-23 - 2026 FHA floor and high-cost ceiling frameworks (1-4 unit) (Updated: 2026-01-01)
Educational guidance only. Final loan terms and eligibility vary by county limits, credit, income, property profile, and lender guidelines.