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Property tax in New Mexico: rates, averages, and deductions

State averages from Census ACS, deduction data from IRS SOI, and county rankings below.

Avg property tax
$993
annual, median
Avg home value
$169,015
Avg mortgage deduction
Pending
IRS SOI
% claiming mortgage deduction
Pending
IRS SOI

Highest property tax counties

  1. 1.Bernalillo County$2,459
  2. 2.Los Alamos County$2,442
  3. 3.Sandoval County$2,042
  4. 4.Santa Fe County$1,921
  5. 5.Doña Ana County$1,350
  6. 6.McKinley County$1,339
  7. 7.Valencia County$1,296
  8. 8.Taos County$1,239
  9. 9.San Juan County$1,185
  10. 10.Lincoln County$1,087

Lowest property tax counties

  1. 1.Harding County$290
  2. 2.Quay County$463
  3. 3.Hidalgo County$515
  4. 4.Guadalupe County$585
  5. 5.Mora County$594
  6. 6.Luna County$597
  7. 7.Roosevelt County$629
  8. 8.Union County$633
  9. 9.Catron County$650
  10. 10.Socorro County$701

Frequently asked questions

What is the average property tax in New Mexico?

Census ACS median property tax in New Mexico is around $993 per year. Effective rate varies by county.

Can I deduct property taxes on my federal return?

The SALT deduction (state and local taxes, including property tax) is capped under current federal law. IRS SOI shows the average New Mexico filer who claimed the property tax deduction took not yet imported.

Can I appeal my property tax assessment?

Yes in every state, though the process varies. Start with your county assessor's website for timelines and grounds for appeal. A successful appeal reduces your assessed value and the tax bill that flows from it.

Data sources

Disclaimer. HomeRule is not a real estate agent, lender, appraiser, or financial advisor. This content is for educational and informational purposes only. Actual costs vary significantly by property, location, and individual circumstances. Consult qualified professionals for personalized advice.