Same state, very different bills
On an identical $300,000 home, property tax in McKinley County
runs $4,680 a year more than in
Taos County, inside the same state.
33 counties
Cost to Own a Home in New Mexico
The average effective property tax rate across New Mexico is 0.595%, against a national median of 0.837%. Residential electricity averages 15.06¢ per kWh. Pick a county for the full monthly cost breakdown.
Largest cities in New Mexico
City pages carry their own median home value and effective tax rate, which often differ from the county they sit in.
Albuquerque$266,700Las Cruces$217,400Rio Rancho$273,300Santa Fe$411,500Roswell$139,200Farmington$225,400Hobbs$180,700Clovis$160,000South Valley$205,200Carlsbad$187,900Alamogordo$163,600Gallup$134,600Los Lunas$232,700Sunland Park$194,900Chaparral$101,900Deming$112,800Los Alamos$458,200Las Vegas$143,900Artesia$213,800Portales$132,900North Valley$290,500Lovington$162,900Española$205,100Silver City$160,900Grants$123,600Bernalillo$237,100Anthony$110,800Corrales$549,700Socorro$162,400Shiprock$101,500Ruidoso$229,100Belen$154,600Bloomfield$167,800Taos$432,700Aztec$164,700Zuni Pueblo$79,200Edgewood$278,100North Hobbs$233,200Truth or Consequences$107,500Raton$148,200Santa Teresa$216,600Los Ranchos de Albuquerque$442,100Eldorado at Santa Fe$542,800White Rock$460,100Tucumcari$56,400El Cerro Mission$101,000Rio Communities$200,000Paradise Hills$241,300Los Chaves$240,500Lee Acres$182,200Crouch Mesa$76,800Placitas (Sandoval County)$520,200Bosque Farms$261,900Meadow Lake$83,500La Cienega$417,900Peralta$275,000Vado$108,300El Cerro$291,800Sandia Heights$623,500Eunice$164,900
Claim what's yours
Property tax exemptions in New Mexico, relief most homeowners never file for · Down payment help: the state-run programs buyers don't know exist.
Every county in New Mexico
| County | Tax rate | Median home | Median tax |
|---|---|---|---|
| Bernalillo County | 0.947% | $268,500 | $2,544 |
| Doña Ana County | 0.684% | $205,400 | $1,404 |
| Santa Fe County | 0.506% | $416,900 | $2,110 |
| Sandoval County | 0.761% | $282,300 | $2,147 |
| San Juan County | 0.675% | $185,100 | $1,249 |
| Valencia County | 0.660% | $206,800 | $1,365 |
| Lea County | 0.468% | $176,000 | $824 |
| McKinley County | 1.889% | $72,100 | $1,362 |
| Otero County | 0.563% | $149,500 | $841 |
| Chaves County | 0.645% | $141,900 | $915 |
| Eddy County | 0.499% | $199,400 | $995 |
| Curry County | 0.555% | $160,800 | $893 |
| Rio Arriba County | 0.433% | $230,900 | $1,000 |
| Taos County | 0.329% | $354,000 | $1,164 |
| Grant County | 0.460% | $164,400 | $756 |
| Cibola County | 0.819% | $120,000 | $983 |
| San Miguel County | 0.558% | $177,600 | $991 |
| Luna County | 0.576% | $112,500 | $648 |
| Lincoln County | 0.539% | $212,200 | $1,143 |
| Los Alamos County | 0.573% | $452,500 | $2,591 |
| Roosevelt County | 0.436% | $136,000 | $593 |
| Socorro County | 0.553% | $143,200 | $792 |
| Torrance County | 0.467% | $145,100 | $677 |
| Colfax County | 0.576% | $161,000 | $927 |
| Sierra County | 0.548% | $144,800 | $793 |
| Quay County | 0.617% | $82,200 | $507 |
| Guadalupe County | 0.525% | $107,200 | $563 |
| Mora County | 0.535% | $119,900 | $642 |
| Hidalgo County | 0.461% | $114,000 | $526 |
| Union County | 0.571% | $135,900 | $776 |
| Catron County | 0.339% | $171,800 | $583 |
| De Baca County | 0.499% | $158,000 | $788 |
| Harding County | 0.379% | $86,500 | $328 |