New MexicoNM
Effective tax rate
0.67%
Median home value
$259,300
Median annual tax
$1,737
National rank
#35
Counties
33
Counties in New Mexico
Union County
0.76%Median value: $245,877
Harding County
0.76%Median value: $321,140
Quay County
0.76%Median value: $188,962
Guadalupe County
0.76%Median value: $264,225
De Baca County
0.76%Median value: $339,487
Catron County
0.76%Median value: $207,309
Hidalgo County
0.76%Median value: $282,572
Taos County
0.75%Median value: $323,014
Rio Arriba County
0.75%Median value: $190,836
Los Alamos County
0.75%Median value: $266,099
Cibola County
0.75%Median value: $341,361
Sierra County
0.75%Median value: $209,183
Socorro County
0.75%Median value: $284,446
Torrance County
0.75%Median value: $359,708
San Miguel County
0.75%Median value: $227,530
Mora County
0.75%Median value: $302,793
Colfax County
0.75%Median value: $170,615
Valencia County
0.74%Median value: $324,888
Lea County
0.74%Median value: $192,710
Eddy County
0.74%Median value: $267,973
Chaves County
0.74%Median value: $343,235
Otero County
0.74%Median value: $211,057
McKinley County
0.74%Median value: $286,320
Curry County
0.74%Median value: $361,582
Roosevelt County
0.74%Median value: $229,404
Luna County
0.74%Median value: $304,667
Grant County
0.74%Median value: $172,489
Lincoln County
0.74%Median value: $247,752
Santa Fe County
0.73%Median value: $156,016
Bernalillo County
0.73%Median value: $231,279
Dona Ana County
0.73%Median value: $306,541
Sandoval County
0.73%Median value: $174,363
San Juan County
0.73%Median value: $249,626
Top ZIP codes in New Mexico
Compare New Mexico ZIP codes →Property tax in New Mexico
New Mexico has an effective property tax rate of 0.67%, ranking #35 highest in the nation. The median home value is $259,300, and the median annual property tax payment is $1,737.
Property taxes in New Mexico are below the national median rate of 1.02%. This lower rate can make homeownership more affordable compared to many other states.
Property tax exemptions in New Mexico
New Mexico offers several property tax exemptions to eligible homeowners. Common exemptions include homestead exemptions for primary residences, senior citizen exemptions for residents over 65, veteran exemptions for military service members, and disability exemptions. Contact your county assessor's office for specific eligibility requirements and application deadlines.
Frequently asked questions
What is the property tax rate in New Mexico?
New Mexico has an effective property tax rate of 0.67%, ranking #35 highest in the nation. The median annual property tax payment is $1,737 on a $259,300 home.
How does New Mexico property tax compare to the national average?
The national median effective property tax rate is 1.02%. New Mexico's rate of 0.67% is below the national median of 1.02%, meaning homeowners in New Mexico pay less relative to their home values.
Which county in New Mexico has the highest property tax?
Union County has the highest effective property tax rate in New Mexico at 0.76%.
Which county in New Mexico has the lowest property tax?
San Juan County has the lowest effective property tax rate in New Mexico at 0.73%.
What property tax exemptions are available in New Mexico?
New Mexico offers several property tax exemptions including homestead exemptions for primary residences, senior citizen exemptions for residents over 65, veteran exemptions for military service members, and disability exemptions. Contact your county assessor's office for specific eligibility requirements.