New Mexico property tax rates
The typical county in New Mexico charges about 0.55% of a home’s value a year in property taxes, or $2,200 on a $400,000 home.
Typical county rate0.55%Median of 33 counties
Highest2.00%McKinley County
Lowest0.29%Taos County
Counties by effective rate
| Rank | County | Effective rate | Tax on a $400,000 home |
|---|---|---|---|
| 1 | McKinley County | 2.00% | $8,000 |
| 2 | Bernalillo County | 0.90% | $3,600 |
| 3 | Cibola County | 0.80% | $3,200 |
| 4 | Sandoval County | 0.73% | $2,920 |
| 5 | Mora County | 0.72% | $2,880 |
| 6 | Union County | 0.70% | $2,800 |
| 7 | San Juan County | 0.68% | $2,720 |
| 8 | Doña Ana County | 0.67% | $2,680 |
| 9 | Valencia County | 0.62% | $2,480 |
| 10 | Quay County | 0.61% | $2,440 |
| 11 | Socorro County | 0.61% | $2,440 |
| 12 | Chaves County | 0.60% | $2,400 |
| 13 | De Baca County | 0.60% | $2,400 |
| 14 | Curry County | 0.59% | $2,360 |
| 15 | San Miguel County | 0.57% | $2,280 |
| 16 | Los Alamos County | 0.55% | $2,200 |
| 17 | Otero County | 0.55% | $2,200 |
| 18 | Luna County | 0.54% | $2,160 |
| 19 | Lincoln County | 0.53% | $2,120 |
| 20 | Colfax County | 0.52% | $2,080 |
| 21 | Eddy County | 0.52% | $2,080 |
| 22 | Sierra County | 0.52% | $2,080 |
| 23 | Guadalupe County | 0.48% | $1,920 |
| 24 | Hidalgo County | 0.48% | $1,920 |
| 25 | Lea County | 0.48% | $1,920 |
| 26 | Santa Fe County | 0.48% | $1,920 |
| 27 | Grant County | 0.46% | $1,840 |
| 28 | Roosevelt County | 0.45% | $1,800 |
| 29 | Torrance County | 0.45% | $1,800 |
| 30 | Harding County | 0.44% | $1,760 |
| 31 | Rio Arriba County | 0.42% | $1,680 |
| 32 | Catron County | 0.36% | $1,440 |
| 33 | Taos County | 0.29% | $1,160 |
More for New Mexico
U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates