New Mexico Property Tax Calculator
New Mexico homeowners pay a median $1,731 a year in property tax, 0.70% of a median $248,100 home: the 34th highest effective rate of the 50 states and DC.
Effective property tax rates in New Mexico counties
| County | Rate | Median tax | Median home value |
|---|---|---|---|
| McKinley County | 2.00% | $1,574 | $78,700 |
| Bernalillo County | 0.90% | $2,629 | $292,900 |
| Sandoval County | 0.73% | $2,296 | $313,800 |
| San Juan County | 0.68% | $1,317 | $193,800 |
| Doña Ana County | 0.67% | $1,480 | $220,800 |
| Valencia County | 0.62% | $1,374 | $223,000 |
| Chaves County | 0.60% | $935 | $156,400 |
| Otero County | 0.55% | $902 | $162,700 |
| Eddy County | 0.52% | $1,095 | $212,600 |
| Santa Fe County | 0.48% | $2,152 | $446,300 |
| Lea County | 0.48% | $879 | $184,000 |
Property tax in New Mexico by home value, at 0.70%
| Home value | A year | A month |
|---|---|---|
| $200,000 | $1,396 | $116 |
| $300,000 | $2,094 | $175 |
| $400,000 | $2,792 | $233 |
| $500,000 | $3,490 | $291 |
| $750,000 | $5,235 | $436 |
| $1,000,000 | $6,980 | $582 |
How this calculator works
Median real estate taxes paid ÷ median home value in New Mexico, from the Census Bureau's American Community Survey 2020–2024 5-year estimates. The calculator starts at New Mexico's median home value and rate.
What it assumes
- Your bill depends on your county and city levies, your assessment and any exemptions.
- Survey figures cover 2020 to 2024.
Questions people ask
What is the property tax rate in New Mexico?
The effective rate is 0.70%: homeowners pay a median $1,731 a year on a median $248,100 home, below the national 0.94%.
How much is property tax on a $300,000 house in New Mexico?
About $2,094 a year at New Mexico's effective rate, though it varies by county: from 0.48% in Lea County to 2.00% in McKinley County.
Do New Mexico homeowners with a mortgage pay more?
Owners with a mortgage report a median $2,030, against $1,332 for those without, mostly because recent buyers own pricier, more recently assessed homes.
Where can I check my New Mexico property tax bill?
Your county assessor or treasurer: the assessor sets your home's taxable value and handles exemption applications; the treasurer or tax collector bills and collects.
Property tax by county in New Mexico
Related calculators
Sources
Updated by the RateHerald team. The maths is tested against worked examples; report a problem.