New Mexico— Property Tax & Closing Costs

New Mexico property tax by county

Property tax rates, median home values, and closing cost estimates for all 33 counties in New Mexico. The average effective rate across the state is 0.60%, ranking New Mexico 36 of 51 (below-average property taxes). Data is sourced from the US Census Bureau American Community Survey 2024 5-year estimates.

Average rate

0.60%

across 33 counties

National rank

#36

of 51states & DC

Median home value

$167,200

county median in state

Rate range

0.29%–2.00%

Taos County → McKinley County

Lowest property tax rates in New Mexico

The five New Mexico counties with the lowest effective property tax rates, useful for buyers comparing total cost of ownership across the state.

County	Rate	Median home	Median taxes
Taos County	0.29%	$382,800	$1,129
Catron County	0.36%	$167,000	$608
Rio Arriba County	0.42%	$243,700	$1,021
Harding County	0.44%	$70,000	$305
Torrance County	0.45%	$159,700	$719

Highest property tax rates in New Mexico

The five New Mexicocounties with the highest effective property tax rates. High rates often reflect strong school district funding or municipal services rather than weakness — but they materially change a buyer's monthly carrying cost.

County	Rate	Median home	Median taxes
McKinley County	2.00%	$78,700	$1,574
Bernalillo County	0.90%	$292,900	$2,629
Cibola County	0.80%	$125,400	$1,003
Sandoval County	0.73%	$313,800	$2,296
Mora County	0.72%	$122,600	$885

All 33 counties in New Mexico

Effective property tax rate, median home value, and median annual taxes paid for every county in New Mexico. Click a county to open its full property tax calculator and closing cost breakdown.

County	Rate	Median home	Median taxes
Bernalillo County	0.90%	$292,900	$2,629
Catron County	0.36%	$167,000	$608
Chaves County	0.60%	$156,400	$935
Cibola County	0.80%	$125,400	$1,003
Colfax County	0.52%	$167,200	$867
Curry County	0.59%	$171,200	$1,017
De Baca County	0.60%	$187,500	$1,118
Doña Ana County	0.67%	$220,800	$1,480
Eddy County	0.52%	$212,600	$1,095
Grant County	0.46%	$175,600	$808
Guadalupe County	0.48%	$110,000	$526
Harding County	0.44%	$70,000	$305
Hidalgo County	0.48%	$111,000	$531
Lea County	0.48%	$184,000	$879
Lincoln County	0.53%	$233,200	$1,246
Los Alamos County	0.55%	$495,800	$2,717
Luna County	0.54%	$128,000	$687
McKinley County	2.00%	$78,700	$1,574
Mora County	0.72%	$122,600	$885
Otero County	0.55%	$162,700	$902
Quay County	0.61%	$87,200	$532
Rio Arriba County	0.42%	$243,700	$1,021
Roosevelt County	0.45%	$135,800	$616
San Juan County	0.68%	$193,800	$1,317
San Miguel County	0.57%	$188,500	$1,081
Sandoval County	0.73%	$313,800	$2,296
Santa Fe County	0.48%	$446,300	$2,152
Sierra County	0.52%	$152,600	$789
Socorro County	0.61%	$137,500	$838
Taos County	0.29%	$382,800	$1,129
Torrance County	0.45%	$159,700	$719
Union County	0.70%	$122,700	$859
Valencia County	0.62%	$223,000	$1,374

Source: US Census Bureau American Community Survey 2024 5-year estimates, tables B25077 (median home value) and B25103 (median real estate taxes paid). Effective rate is computed as median taxes paid divided by median home value at the county level and represents the typical owner-occupied home — actual bills vary by purchase price, exemptions, and special assessments.