New Mexico property tax
West region · 33 counties · Census ACS 2019-2023 (ACS 2023 5-year)
New Mexico has a population-weighted effective property-tax rate of 0.75% of home value (Census ACS 2019-2023 (ACS 2023 5-year)) — -30.3% versus the US average of 1.08%, close to the US average effective rate. The typical bill is about $1,717 on a median home worth around $233,698. New Mexico ranks #33 of 51 states by property-tax rate (1 = highest). Within the state, McKinley County is highest at 1.89% and Taos County is lowest at 0.33%.
Source: U.S. Census Bureau, American Community Survey (ACS) 2023 5-year estimates. Data as of June 2026.
New Mexico property tax at a glance
| Figure | New Mexico |
|---|---|
| Effective property-tax rate (pop-weighted) | 0.75% |
| Median-of-counties rate | 0.55% |
| Typical median bill | $1,717 |
| Typical median home value | $233,698 |
| Versus US average rate | -30.3% (US avg 1.08%) |
| State rank (1 = highest of 51) | #33 |
| Counties | 33 |
Source: U.S. Census Bureau, American Community Survey (ACS) 2023 5-year estimates. Data as of June 2026.
New Mexico counties ranked by property-tax rate
Counties in New Mexico, highest effective rate first. Counties with their own page are linked.
| Rank | County | Median tax/yr | Median home value | Effective rate |
|---|---|---|---|---|
| 1 | McKinley County | $1,362 | $72,100 | 1.89% |
| 2 | Bernalillo County | $2,544 | $268,500 | 0.95% |
| 3 | Cibola County | $983 | $120,000 | 0.82% |
| 4 | Sandoval County | $2,147 | $282,300 | 0.76% |
| 5 | Doña Ana County | $1,404 | $205,400 | 0.68% |
| 6 | San Juan County | $1,249 | $185,100 | 0.68% |
| 7 | Valencia County | $1,365 | $206,800 | 0.66% |
| 8 | Chaves County | $915 | $141,900 | 0.65% |
| 9 | Quay County | $507 | $82,200 | 0.62% |
| 10 | Colfax County | $927 | $161,000 | 0.58% |
| 11 | Luna County | $648 | $112,500 | 0.58% |
| 12 | Los Alamos County | $2,591 | $452,500 | 0.57% |
| 13 | Union County | $776 | $135,900 | 0.57% |
| 14 | Otero County | $841 | $149,500 | 0.56% |
| 15 | San Miguel County | $991 | $177,600 | 0.56% |
| 16 | Curry County | $893 | $160,800 | 0.56% |
| 17 | Socorro County | $792 | $143,200 | 0.55% |
| 18 | Sierra County | $793 | $144,800 | 0.55% |
| 19 | Lincoln County | $1,143 | $212,200 | 0.54% |
| 20 | Mora County | $642 | $119,900 | 0.54% |
| 21 | Guadalupe County | $563 | $107,200 | 0.53% |
| 22 | Santa Fe County | $2,110 | $416,900 | 0.51% |
| 23 | De Baca County | $788 | $158,000 | 0.50% |
| 24 | Eddy County | $995 | $199,400 | 0.50% |
| 25 | Lea County | $824 | $176,000 | 0.47% |
| 26 | Torrance County | $677 | $145,100 | 0.47% |
| 27 | Hidalgo County | $526 | $114,000 | 0.46% |
| 28 | Grant County | $756 | $164,400 | 0.46% |
| 29 | Roosevelt County | $593 | $136,000 | 0.44% |
| 30 | Rio Arriba County | $1,000 | $230,900 | 0.43% |
| 31 | Harding County | $328 | $86,500 | 0.38% |
| 32 | Catron County | $583 | $171,800 | 0.34% |
| 33 | Taos County | $1,164 | $354,000 | 0.33% |
Source: U.S. Census Bureau, American Community Survey (ACS) 2023 5-year estimates. Data as of June 2026.
How New Mexico compares with other states
| State | Effective rate | Median bill | vs US avg |
|---|---|---|---|
| New Mexico (this state) | 0.75% | $1,717 | -30.3% |
| Mississippi | 0.74% | $1,181 | -31.0% |
| Indiana | 0.77% | $1,614 | -28.4% |
| Montana | 0.78% | $2,616 | -28.1% |
| North Carolina | 0.73% | $1,965 | -32.6% |
| Kentucky | 0.78% | $1,565 | -27.4% |
Frequently asked questions
What is the property-tax rate in New Mexico?
New Mexico's population-weighted effective property-tax rate is 0.75% of home value (Census ACS 2019-2023 (ACS 2023 5-year)), -30.3% versus the US average of 1.08%. The typical bill works out to about $1,717 on a $233,698 home. It ranks #33 of 51 states (1 = highest).
Which New Mexico county has the highest property tax?
In New Mexico, McKinley County has the highest effective property-tax rate at 1.89% (median tax $1,362). The lowest is Taos County at 0.33%. Source: Census ACS 2019-2023 (ACS 2023 5-year).
Is property tax high in New Mexico?
New Mexico is around average on property tax at a 0.75% effective rate, close to the US average effective rate. The median New Mexico home is worth about $233,698 and the median bill is around $1,717. Rates vary widely between its 33 counties.
How is the New Mexico property-tax rate calculated?
It is a population-weighted average of each county's effective rate (median real estate taxes paid / median home value), using Census ACS 2023 5-year tables B25103 and B25077. A median-of-counties rate (0.55%) is also computed as a check. These are area medians, not statutory mill rates.
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Source & accuracy
State figures aggregate county-level Census ACS (2019-2023 (ACS 2023 5-year)) data (median real estate taxes paid B25103, median home value B25077), population-weighted. US public domain. These are area medians, not statutory rates or your individual bill — your property tax depends on your assessed value, exemptions and local levy. Verify with your county assessor. See our methodology and disclaimer.
Last updated: 2026-06-20