New Mexico Property Tax Information (2012-2013) [Go To Different State]

New Mexico Property Taxes [Go To Different State]

$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. New Mexico counties collect an average of 0.55% of a property's estimated fair market value as property tax.

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 - the average yearly property tax paid by New Mexico residents amounts to 1.69% 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%) yearly in property taxes, while Harding County has the lowest property tax in the state, collecting an average tax of $255.00 (0.36%) per year.

New Mexico Property Tax Calculator

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 average 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.

You can choose any county from our list of New Mexico counties for detailed information on that county's property tax, including average tax amounts and a county-specific tax calculator tool.