State of New Mexico Property Tax New Mexico Property Taxes 2016 [Go To Different State]

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New Mexico Property Taxes [Go To Different State]

New Mexico Personal Property Taxes

$880.00

Avg. 0.55% of home value
Tax amount varies by county

The median property tax in New Mexico is $880.00 per year for a home worth the median value of $160,900.00. Counties in New Mexico collect an average of 0.55% of a property's assesed fair market value as property tax per year.

New Mexico has one of the lowest median property tax rates in the United States, with only eight states collecting a lower median property tax than New Mexico.

New Mexico's median income is $52,032 per year, so the median yearly property tax paid by New Mexico residents amounts to approximately % of their yearly income. New Mexico is ranked 39th of the 50 states for property taxes as a percentage of median income.

The exact property tax levied depends on the county in New Mexico the property is located in. Bernalillo County collects the highest property tax in New Mexico, levying an average of $1,530.00 (0.81% of median home value) yearly in property taxes, while Harding County has the lowest property tax in the state, collecting an average tax of $255.00 (0.36% of median home value) per year.

For more localized property tax rates, find your county on the property tax map of New Mexico to the left or in the county list below. Jump to county list ►

New Mexico Property Tax Rates

Property taxes are collected on a county level, and each county in New Mexico has its own method of assessing and collecting taxes. As a result, it's not possible to provide a single property tax rate that applies uniformly to all properties in New Mexico.

Instead, Tax-Rates.org provides property tax statistics based on the taxes owed on millions of properties across New Mexico. These statistics allow you to easily compare relative property taxes across different areas, and see how your property taxes compare to taxes on similar houses in New Mexico.

The statistics provided here are state-wide. For more localized statistics, you can find your county in the New Mexico property tax map or county list found on this page.

New Mexico Property Taxes
Median Property Tax Percentage Of Income Percentage Of Property Value
$880 (42nd of 50) 1.69% (39th of 50) 0.55% (42nd of 50)

Are you paying too much property tax?

Are You Paying Too Much Property Tax?

Statistics show that about 25% of homes in America are unfairly overassessed, and pay an average of $1,346 too much in property taxes every year.

We can check your property's current assessment against similar properties in New Mexico and tell you if you've been overassessed. If you have been overassessed, we can help you submit a tax appeal.

Is your property overassessed?

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New Mexico Property Tax Calculator

Property Tax Estimator
State
County
Appraised Property Value
[Approximate Property Tax Calculation]

While the exact property tax rate you will pay will vary by county and is set by the local property tax assessor, you can use the free New Mexico Property Tax Estimator Tool to calculate your approximate yearly property tax based on median property tax rates across New Mexico.

If you would like to get a more accurate property tax estimation, choose the county your property is located in from the list on the left. Property tax averages from this county will then be used to determine your estimated property tax.

Keep in mind that assessments are done on a property-by-property basis, and our calculators cannot take into account any specific features of your property that could result in property taxes that deviate from the average in your area.

Your county's property tax assessor will send you a bill detailing the exact amount of property tax you owe every year.

New Mexico Property Taxes By County

You can choose any county from our list of New Mexico counties for detailed information on that county's property tax, and the contact information for the county tax assessor's office. Alternatively, you can find your county on the New Mexico property tax map found at the top of this page. Hint: Press Ctrl+F to search for your county's name

Median Property Taxes In New Mexico By County
Bernalillo County
$1,530
Tax Assessor
Catron County
$294
Tax Assessor
Chaves County
$505
Tax Assessor
Cibola County
$444
Tax Assessor
Colfax County
$458
Tax Assessor
Curry County
$551
Tax Assessor
De Baca County
$396
Tax Assessor
Dona Ana County
$788
Tax Assessor
Eddy County
$419
Tax Assessor
Grant County
$467
Tax Assessor
Guadalupe County
$460
Tax Assessor
Harding County
$255
Tax Assessor
Hidalgo County
$393
Tax Assessor
Lea County
$384
Tax Assessor
Lincoln County
$692
Tax Assessor
Los Alamos County
$1,446
Tax Assessor
Luna County
$458
Tax Assessor
McKinley County
$870
Tax Assessor
Mora County
$493
Tax Assessor
Otero County
$601
Tax Assessor
Quay County
$325
Tax Assessor
Rio Arriba County
$508
Tax Assessor
Roosevelt County
$398
Tax Assessor
San Juan County
$628
Tax Assessor
San Miguel County
$570
Tax Assessor
Sandoval County
$1,256
Tax Assessor
Santa Fe County
$1,148
Tax Assessor
Sierra County
$501
Tax Assessor
Socorro County
$538
Tax Assessor
Taos County
$652
Tax Assessor
Torrance County
$523
Tax Assessor
Union County
$429
Tax Assessor
Valencia County
$756
Tax Assessor
 

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