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Property Taxes in New Mexico
Median real estate taxes paid by homeowners, with and without a mortgage. American Community Survey 2020-2024 5-year estimates.
- Median property tax
- $1,731/yr
- U.S. $3,119/yr
- Median home value
- $248,100
- U.S. $332,700
- Tax as share of home value
- 0.70%
- U.S. 0.94%
- Median tax with a mortgage
- $2,030/yr
- U.S. $3,489/yr
Property taxes by county
33 counties in New Mexico
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| County | Median property tax | With a mortgage | No mortgage | Tax as % of home value |
|---|---|---|---|---|
| Bernalillo County | $2,629/yr | $2,695 | $2,503 | 0.90% |
| Catron County | $608/yr | $658 | $585 | 0.36% |
| Chaves County | $935/yr | $1,240 | $717 | 0.60% |
| Cibola County | $1,003/yr | $1,103 | $789 | 0.80% |
| Colfax County | $867/yr | $1,129 | $680 | 0.52% |
| Curry County | $1,017/yr | $1,408 | $613 | 0.59% |
| De Baca County | $1,118/yr | $1,711 | $579 | 0.60% |
| Doña Ana County | $1,480/yr | $1,669 | $1,280 | 0.67% |
| Eddy County | $1,095/yr | $1,421 | $800 | 0.52% |
| Grant County | $808/yr | $820 | $797 | 0.46% |
| Guadalupe County | $526/yr | $915 | $343 | 0.48% |
| Harding County | $305/yr | $875 | $288 | 0.44% |
| Hidalgo County | $531/yr | $595 | $500 | 0.48% |
| Lea County | $879/yr | $1,548 | $597 | 0.48% |
| Lincoln County | $1,246/yr | $1,727 | $987 | 0.53% |
| Los Alamos County | $2,717/yr | $2,755 | $2,645 | 0.55% |
| Luna County | $687/yr | $793 | $603 | 0.54% |
| McKinley County | $1,574/yr | $1,809 | $1,128 | 2.00% |
| Mora County | $885/yr | $858 | $938 | 0.72% |
| Otero County | $902/yr | $1,131 | $718 | 0.55% |
| Quay County | $532/yr | $785 | $445 | 0.61% |
| Rio Arriba County | $1,021/yr | $1,201 | $873 | 0.42% |
| Roosevelt County | $616/yr | $821 | $501 | 0.45% |
| San Juan County | $1,317/yr | $1,467 | $1,032 | 0.68% |
| San Miguel County | $1,081/yr | $1,214 | $1,009 | 0.57% |
| Sandoval County | $2,296/yr | $2,433 | $2,000 | 0.73% |
| Santa Fe County | $2,152/yr | $2,245 | $2,028 | 0.48% |
| Sierra County | $789/yr | $1,023 | $729 | 0.52% |
| Socorro County | $838/yr | $1,573 | $734 | 0.61% |
| Taos County | $1,129/yr | $1,466 | $936 | 0.29% |
| Torrance County | $719/yr | $894 | $596 | 0.45% |
| Union County | $859/yr | $933 | $626 | 0.70% |
| Valencia County | $1,374/yr | $1,496 | $1,188 | 0.62% |
Property taxes in the largest cities
Cities and towns with 5,000 or more people
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| City | Median property tax | With a mortgage | No mortgage | Tax as % of home value |
|---|---|---|---|---|
| Albuquerque | $2,678/yr | $2,722 | $2,593 | 0.92% |
| Las Cruces | $1,571/yr | $1,659 | $1,459 | 0.68% |
| Rio Rancho | $2,293/yr | $2,415 | $1,995 | 0.74% |
| Santa Fe | $2,126/yr | $2,140 | $2,105 | 0.48% |
| Roswell | $995/yr | $1,282 | $757 | 0.65% |
| Farmington | $1,427/yr | $1,586 | $1,153 | 0.61% |
| Hobbs | $954/yr | $1,928 | $571 | 0.50% |
| Clovis | $1,075/yr | $1,439 | $663 | 0.63% |
| South Valley | $1,508/yr | $1,603 | $1,429 | 0.67% |
| Carlsbad | $1,066/yr | $1,346 | $823 | 0.53% |
| Alamogordo | $1,133/yr | $1,280 | $912 | 0.66% |
| Gallup | $1,696/yr | $1,939 | $1,330 | 1.03% |
| Los Lunas | $1,949/yr | $1,957 | $1,934 | 0.74% |
| Chaparral | $588/yr | $616 | $574 | 0.54% |
| Sunland Park | $1,695/yr | $2,049 | $1,063 | 0.79% |
| Deming | $756/yr | $894 | $526 | 0.59% |
| Los Alamos | $2,749/yr | $2,872 | $2,528 | 0.55% |
| Las Vegas | $1,121/yr | $1,241 | $1,009 | 0.72% |
| Artesia | $1,138/yr | $1,535 | $905 | 0.50% |
| Portales | $728/yr | $1,083 | $563 | 0.55% |
| Lovington | $920/yr | $1,367 | $712 | 0.55% |
| Española | $1,032/yr | $1,155 | $967 | 0.49% |
| North Valley | $2,120/yr | $2,944 | $1,772 | 0.70% |
| Silver City | $852/yr | $665 | $995 | 0.47% |
| Bernalillo | $1,514/yr | $1,708 | $1,176 | 0.59% |
| Grants | $1,081/yr | $1,153 | $975 | 0.79% |
| Anthony | $1,050/yr | $1,229 | $979 | 0.91% |
| Corrales | $3,554/yr | $3,826 | $3,373 | 0.62% |
| Socorro | $1,155/yr | $1,741 | $845 | 0.76% |
| Ruidoso | $1,579/yr | $2,109 | $1,307 | 0.65% |
| Shiprock | Not reported | Not reported | Not reported | Not reported |
| Belen | $1,216/yr | $1,375 | $1,080 | 0.73% |
| Bloomfield | $1,211/yr | $1,247 | $1,068 | 0.75% |
| Taos | $1,600/yr | $1,580 | $1,624 | 0.36% |
| Aztec | $1,338/yr | $1,421 | $1,196 | 0.76% |
| Edgewood | $1,517/yr | $1,524 | $1,508 | 0.50% |
| Santa Teresa | $1,794/yr | $1,694 | $2,054 | 0.83% |
| North Hobbs | $1,274/yr | $1,457 | $781 | 0.48% |
| Raton | $719/yr | $996 | $572 | 0.54% |
| Truth or Consequences | $718/yr | $855 | $662 | 0.58% |
| Zuni Pueblo | Not reported | Not reported | Not reported | Not reported |
| Los Ranchos de Albuquerque | $3,732/yr | $3,945 | $3,475 | 0.76% |
| White Rock | $2,681/yr | $2,625 | $2,788 | 0.54% |
| Eldorado at Santa Fe | $2,870/yr | $2,796 | $3,019 | 0.48% |
| El Cerro Mission | $819/yr | $1,587 | $659 | 0.71% |
| Tucumcari | $501/yr | $589 | $460 | 0.78% |
Frequently asked questions
- What is the median property tax in New Mexico?
- Homeowners in New Mexico pay a median of $1,731 a year in real estate taxes, about 0.70% of the median home value.
- Which New Mexico counties have the highest median property tax?
- Among counties with 10,000 or more people, the highest are Los Alamos County ($2,717/yr), Bernalillo County ($2,629/yr), Sandoval County ($2,296/yr).
- Which New Mexico counties have the lowest median property tax?
- The lowest are Roosevelt County ($616/yr), Luna County ($687/yr), Torrance County ($719/yr).
Source: U.S. Census Bureau, American Community Survey · 2020-2024 5-year estimates