In short
Homeowners in New Mexico paid a median $1,731 a year in property tax on a home with a median value of $248,100, 0.7% of the value (Census ACS 2020-2024), rank 35 of 51 including DC. Across its 33 counties, the ratio ranges from 0.29% in Taos County to 2% in McKinley County; the highest median bill is in Los Alamos County ($2,717).
Every county
| County | Tax ÷ value | Median tax, per year | Margin of error | Median home value | Owner-occupied homes |
|---|---|---|---|---|---|
| McKinley County | 2% | $1,574 | ±$128 | $78,700 | 14,900 |
| Bernalillo County | 0.9% | $2,629 | ±$32 | $292,900 | 184,254 |
| Cibola County | 0.8% | $1,003 | ±$239 | $125,400 | 6,470 |
| Sandoval County | 0.73% | $2,296 | ±$59 | $313,800 | 47,530 |
| Mora County | 0.72% | $885 | ±$308 | $122,600 | 1,707 |
| Union County | 0.7% | $859 | ±$82 | $122,700 | 1,041 |
| San Juan County | 0.68% | $1,317 | ±$56 | $193,800 | 29,713 |
| Doña Ana County | 0.67% | $1,480 | ±$49 | $220,800 | 55,574 |
| Valencia County | 0.62% | $1,374 | ±$55 | $223,000 | 22,944 |
| Quay County | 0.61% | $532 | ±$67 | $87,200 | 3,142 |
| Socorro County | 0.61% | $838 | ±$203 | $137,500 | 3,957 |
| Chaves County | 0.6% | $935 | ±$74 | $156,400 | 16,904 |
| De Baca County | 0.6% | $1,118 | ±$832 | $187,500 | 586 |
| Curry County | 0.59% | $1,017 | ±$93 | $171,200 | 11,653 |
| San Miguel County | 0.57% | $1,081 | ±$87 | $188,500 | 8,718 |
| Los Alamos County | 0.55% | $2,717 | ±$148 | $495,800 | 6,171 |
| Otero County | 0.55% | $902 | ±$73 | $162,700 | 16,400 |
| Luna County | 0.54% | $687 | ±$71 | $128,000 | 6,537 |
| Lincoln County | 0.53% | $1,246 | ±$128 | $233,200 | 7,681 |
| Colfax County | 0.52% | $867 | ±$114 | $167,200 | 3,853 |
| Eddy County | 0.52% | $1,095 | ±$88 | $212,600 | 17,325 |
| Sierra County | 0.52% | $789 | ±$85 | $152,600 | 3,906 |
| Guadalupe County | 0.48% | $526 | ±$199 | $110,000 | 1,112 |
| Hidalgo County | 0.48% | $531 | ±$49 | $111,000 | 1,194 |
| Lea County | 0.48% | $879 | ±$83 | $184,000 | 17,559 |
| Santa Fe County | 0.48% | $2,152 | ±$67 | $446,300 | 50,603 |
| Grant County | 0.46% | $808 | ±$67 | $175,600 | 8,561 |
| Roosevelt County | 0.45% | $616 | ±$111 | $135,800 | 4,513 |
| Torrance County | 0.45% | $719 | ±$60 | $159,700 | 4,947 |
| Harding County | 0.44% | $305 | ±$59 | $70,000 | 220 |
| Rio Arriba County | 0.42% | $1,021 | ±$62 | $243,700 | 12,517 |
| Catron County | 0.36% | $608 | ±$142 | $167,000 | 1,678 |
| Taos County | 0.29% | $1,129 | ±$121 | $382,800 | 12,067 |
| New Mexico | 0.7% | $1,731 | ±$19 | $248,100 | 585,937 |
Owner-occupied homes, five-year estimates 2020-2024; 90% margins of error as published. “Tax ÷ value” is the median tax divided by the median value, a ratio of two medians. The Census caps reported taxes at $10,000 and values at $2,000,000: where a median hits the cap, the ratio is approximate. In small counties the margin of error can be large.
Questions
What is the property tax rate in New Mexico?
The median tax paid by owner-occupants, $1,731 a year, is 0.7% of the median home value ($248,100), ACS 2020-2024. Your own bill depends on your assessed value, local levies and exemptions.
Which county in New Mexico has the highest property tax?
As a share of home value: McKinley County (2%), Bernalillo County (0.9%), Cibola County (0.8%). In dollars: Los Alamos County ($2,717), Bernalillo County ($2,629), Sandoval County ($2,296).
How property tax works in New Mexico, exemptions and appeals: New Mexico property tax guide. All states: property tax by county.
General information drawn from the official sources cited and dated on this page. It is not legal, tax or financial advice: for your own situation, ask a licensed professional.