New Mexico Property Tax Rates by ZIP Code
Compare property tax rates across 249 ZIP codes in New Mexico.
ACS 2019-2023 · Updated Dec 2024
Avg Annual Tax
$1,142
58% below national avgAvg Tax Rate
0.59%
Avg Home Value
$216,025
12% below national avgZIP Codes
249
New Mexico at a Glance
Avg Annual Tax
$1,142
per year
Avg Effective Rate
0.59%
of home value
Avg Home Value
$216,025
median estimate
Total ZIP Codes
249
in New Mexico
Property Tax Landscape in New Mexico
Property tax rates in New Mexico vary significantly across its 249 ZIP codes. The statewide average effective rate is 0.59%, with annual taxes averaging $1,142 on a median home value of $216,025.
The spread between New Mexico's highest and lowest tax ZIP codes is 4.66 percentage points — 87326 (Vanderwagen, 4.75%) at the high end versus 87516 (Canones, 0.09%) at the low end. This wide variation typically reflects differences in school district funding structures, special assessment districts, and municipal tax overlays across the state.
For homebuyers evaluating New Mexico, property taxes can add between $16/month and $856/month to housing costs depending on the ZIP code, based on the state's median home value of $216,025. This range makes ZIP-level comparison an essential step when choosing where to buy.
New Mexico's average property tax of $1,142/year is 58% below the national median of $2,690/year, offering relatively lower tax burdens for homeowners compared to the national average.
Distribution
Tax Rate Distribution in New Mexico
How effective property tax rates are spread across 227 ZIP codes
Highest Tax Rates
Cities in New Mexico
Explore property tax rates by city
Albuquerque
16 ZIPs0.94%
Las Cruces
5 ZIPs0.68%
Santa Fe
5 ZIPs0.50%
Farmington
2 ZIPs0.61%
Hobbs
2 ZIPs0.48%
Rio Rancho
2 ZIPs0.77%
Roswell
2 ZIPs0.64%
Abiquiu
1 ZIPs0.40%
Alamogordo
1 ZIPs0.59%
Alcalde
1 ZIPs0.49%
Algodones
1 ZIPs0.74%
Alto
1 ZIPs0.49%
Amistad
1 ZIPs
Angel Fire
1 ZIPs0.52%
Animas
1 ZIPs0.35%
Anthony
1 ZIPs0.82%
Anton Chico
1 ZIPs
Arenas Valley
1 ZIPs0.65%
Arrey
1 ZIPs0.71%
Arroyo Hondo
1 ZIPs0.39%
Showing top 20 of 222 cities. Browse individual ZIP codes below for more.
All ZIP Codes in New Mexico
| ZIP Code | City | Effective Rate | Median Tax |
|---|---|---|---|
| 87001 | Algodones | 0.74% | $1,671 |
| 87002 | Belen | 0.63% | $1,159 |
| 87004 | Bernalillo | 0.64% | $1,499 |
| 87006 | Bosque | 0.48% | $940 |
| 87008 | Cedar Crest | 0.67% | $2,379 |
| 87010 | Cerrillos | 0.37% | $1,656 |
| 87012 | Coyote | 0.44% | $1,340 |
| 87013 | Cuba | 0.66% | $512 |
| 87014 | Cubero | 0.87% | $199 |
| 87015 | Edgewood | 0.52% | $1,379 |
| 87016 | Estancia | 0.51% | $593 |
| 87017 | Gallina | 0.16% | $390 |
| 87020 | Grants | 0.80% | $1,240 |
| 87021 | Milan | 0.46% | $600 |
| 87023 | Jarales | 0.54% | $831 |
| 87024 | Jemez Pueblo | 0.82% | $1,519 |
| 87025 | Jemez Springs | 0.45% | $1,948 |
| 87031 | Los Lunas | 0.71% | $1,466 |
| 87034 | Pueblo Of Acoma | 2.04% | $1,594 |
| 87035 | Moriarty | 0.50% | $731 |
| 87036 | Mountainair | 0.36% | $528 |
| 87041 | Pena Blanca | 0.52% | $861 |
| 87042 | Peralta | 0.44% | $1,211 |
| 87043 | Placitas | 0.56% | $2,920 |
| 87044 | Ponderosa | — | $600 |
| 87047 | Sandia Park | 0.68% | $2,733 |
| 87048 | Corrales | 0.65% | $3,569 |
| 87053 | San Ysidro | 0.63% | $1,484 |
| 87056 | Stanley | 0.51% | $1,010 |
| 87059 | Tijeras | 0.69% | $2,232 |
| 87061 | Torreon | 0.22% | $360 |
| 87062 | Veguita | 0.66% | $542 |
| 87063 | Willard | 0.24% | $235 |
| 87064 | Youngsville | 0.62% | $485 |
| 87068 | Bosque Farms | 0.83% | $2,048 |
| 87072 | Cochiti Pueblo | 0.91% | $1,875 |
| 87083 | Cochiti Lake | 0.47% | $976 |
| 87102 | Albuquerque | 1.07% | $1,866 |
| 87104 | Albuquerque | 0.96% | $2,873 |
| 87105 | Albuquerque | 0.74% | $1,489 |
| 87106 | Albuquerque | 0.86% | $2,845 |
| 87107 | Albuquerque | 0.90% | $2,533 |
| 87108 | Albuquerque | 0.96% | $2,185 |
| 87109 | Albuquerque | 0.95% | $2,839 |
| 87110 | Albuquerque | 0.97% | $2,446 |
| 87111 | Albuquerque | 0.96% | $3,339 |
| 87112 | Albuquerque | 0.98% | $2,498 |
| 87113 | Albuquerque | 1.02% | $3,708 |
| 87114 | Albuquerque | 0.96% | $2,855 |
| 87120 | Albuquerque | 1.00% | $2,769 |
| 87121 | Albuquerque | 0.83% | $1,600 |
| 87122 | Albuquerque | 0.90% | $5,510 |
| 87123 | Albuquerque | 1.05% | $2,482 |
| 87124 | Rio Rancho | 0.73% | $1,906 |
| 87144 | Rio Rancho | 0.81% | $2,279 |
| 87301 | Gallup | 1.18% | $1,586 |
| 87311 | Church Rock | 1.06% | $415 |
| 87317 | Gamerco | — | $716 |
| 87321 | Ramah | 0.90% | $1,437 |
| 87323 | Thoreau | 0.58% | $596 |
| 87326 | Vanderwagen | 4.75% | $2,400 |
| 87327 | Zuni | 0.76% | $600 |
| 87357 | Pinehill | 0.26% | $199 |
| 87401 | Farmington | 0.60% | $1,205 |
| 87402 | Farmington | 0.62% | $1,670 |
| 87410 | Aztec | 0.65% | $1,253 |
| 87412 | Blanco | 0.92% | $1,106 |
| 87413 | Bloomfield | 0.75% | $1,325 |
| 87415 | Flora Vista | 0.48% | $959 |
| 87416 | Fruitland | 0.61% | $555 |
| 87417 | Kirtland | 0.49% | $885 |
| 87418 | La Plata | 0.77% | $1,540 |
| 87420 | Shiprock | 0.73% | $746 |
| 87421 | Waterflow | 0.73% | $910 |
| 87501 | Santa Fe | 0.44% | $2,831 |
| 87505 | Santa Fe | 0.52% | $2,498 |
| 87506 | Santa Fe | 0.52% | $2,748 |
| 87507 | Santa Fe | 0.48% | $1,616 |
| 87508 | Santa Fe | 0.52% | $2,729 |
| 87510 | Abiquiu | 0.40% | $1,354 |
| 87511 | Alcalde | 0.49% | $1,127 |
| 87513 | Arroyo Hondo | 0.39% | $1,583 |
| 87514 | Arroyo Seco | 0.34% | $1,754 |
| 87515 | Canjilon | 0.45% | $1,572 |
| 87516 | Canones | 0.09% | $464 |
| 87519 | Cerro | 0.18% | $769 |
| 87520 | Chama | 0.59% | $1,226 |
| 87521 | Chamisal | 0.15% | $285 |
| 87522 | Chimayo | 0.35% | $758 |
| 87523 | Cordova | 0.27% | $400 |
| 87527 | Dixon | 0.30% | $1,200 |
| 87529 | El Prado | 0.35% | $1,377 |
| 87530 | El Rito | 0.39% | $1,057 |
| 87532 | Espanola | 0.50% | $1,119 |
| 87535 | Glorieta | 0.40% | $1,720 |
| 87537 | Hernandez | 0.35% | $809 |
| 87538 | Ilfeld | 0.23% | $567 |
| 87540 | Lamy | 0.59% | $4,053 |
| 87544 | Los Alamos | 0.59% | $2,610 |
| 87547 | White Rock | 0.56% | $2,567 |
| 87548 | Medanales | — | $983 |
| 87549 | Ojo Caliente | 0.42% | $1,078 |
| 87551 | Los Ojos | — | $1,350 |
| 87552 | Pecos | 0.42% | $1,014 |
| 87553 | Penasco | 0.26% | $514 |
| 87556 | Questa | 0.34% | $770 |
| 87557 | Ranchos De Taos | 0.55% | $2,055 |
| 87558 | Red River | 0.16% | $688 |
| 87560 | Ribera | 0.51% | $506 |
| 87565 | San Jose | 1.99% | $199 |
| 87566 | Ohkay Owingeh | 0.16% | $824 |
| 87567 | Santa Cruz | 0.44% | $1,258 |
| 87569 | Serafina | 0.32% | $605 |
| 87571 | Taos | 0.34% | $1,438 |
| 87575 | Tierra Amarilla | — | $1,205 |
| 87577 | Tres Piedras | 0.18% | $581 |
| 87579 | Vadito | 0.53% | $666 |
| 87582 | Velarde | 0.39% | $1,279 |
| 87701 | Las Vegas | 0.63% | $1,060 |
| 87710 | Angel Fire | 0.52% | $2,286 |
| 87711 | Anton Chico | — | $225 |
| 87712 | Buena Vista | 1.99% | $199 |
| 87714 | Cimarron | 0.53% | $766 |
| 87715 | Cleveland | — | $549 |
| 87718 | Eagle Nest | 0.73% | $1,241 |
| 87722 | Guadalupita | 0.92% | $1,102 |
| 87723 | Holman | 0.35% | $622 |
| 87728 | Maxwell | 0.67% | $571 |
| 87730 | Mills | 0.80% | $900 |
| 87731 | Montezuma | 0.31% | $535 |
| 87732 | Mora | 0.42% | $498 |
| 87733 | Mosquero | 0.31% | $313 |
| 87734 | Ocate | 0.21% | $896 |
| 87740 | Raton | 0.56% | $876 |
| 87742 | Rociada | 0.47% | $1,108 |
| 87743 | Roy | 0.52% | $292 |
| 87745 | Sapello | 0.66% | $1,318 |
| 87746 | Solano | 0.56% | $1,192 |
| 87747 | Springer | 0.67% | $785 |
| 87752 | Wagon Mound | — | $800 |
| 87801 | Socorro | 0.71% | $1,180 |
| 87821 | Datil | 0.36% | $845 |
| 87823 | Lemitar | 0.83% | $1,128 |
| 87825 | Magdalena | 0.39% | $429 |
| 87828 | Polvadera | 0.37% | $667 |
| 87829 | Quemado | 0.29% | $746 |
| 87830 | Reserve | 0.23% | $278 |
| 87831 | San Acacia | 0.50% | $789 |
| 87832 | San Antonio | 0.17% | $365 |
| 87901 | Truth Or Consequences | 0.60% | $690 |
| 87930 | Arrey | 0.71% | $1,613 |
| 87931 | Caballo | — | $378 |
| 87935 | Elephant Butte | 0.58% | $1,055 |
| 87936 | Garfield | 0.43% | $556 |
| 87937 | Hatch | 0.57% | $578 |
| 87941 | Salem | 0.36% | $199 |
| 87942 | Williamsburg | 0.68% | $724 |
| 87943 | Winston | — | $890 |
| 88001 | Las Cruces | 0.68% | $1,077 |
| 88005 | Las Cruces | 0.71% | $1,463 |
| 88007 | Las Cruces | 0.66% | $1,536 |
| 88008 | Santa Teresa | 0.94% | $2,153 |
| 88011 | Las Cruces | 0.71% | $2,233 |
| 88012 | Las Cruces | 0.63% | $1,399 |
| 88020 | Animas | 0.35% | $546 |
| 88021 | Anthony | 0.82% | $1,235 |
| 88022 | Arenas Valley | 0.65% | $1,094 |
| 88023 | Bayard | 0.50% | $595 |
| 88024 | Berino | — | $503 |
| 88026 | Santa Clara | 0.38% | $465 |
| 88027 | Chamberino | 0.28% | $519 |
| 88028 | Cliff | 0.54% | $1,069 |
| 88029 | Columbus | 0.43% | $394 |
| 88030 | Deming | 0.58% | $663 |
| 88038 | Gila | 0.17% | $387 |
| 88039 | Glenwood | 0.25% | $410 |
| 88041 | Hanover | 0.61% | $895 |
| 88042 | Hillsboro | 0.56% | $1,087 |
| 88043 | Hurley | 0.61% | $531 |
| 88044 | La Mesa | 0.60% | $1,168 |
| 88045 | Lordsburg | 0.53% | $528 |
| 88046 | Mesilla | 0.47% | $1,179 |
| 88047 | Mesilla Park | 0.79% | $864 |
| 88048 | Mesquite | 1.13% | $1,113 |
| 88049 | Mimbres | 0.64% | $1,129 |
| 88056 | Rodeo | 0.40% | $511 |
| 88061 | Silver City | 0.46% | $853 |
| 88063 | Sunland Park | 0.83% | $1,009 |
| 88065 | Tyrone | 0.65% | $1,139 |
| 88072 | Vado | 0.38% | $381 |
| 88081 | Chaparral | 0.56% | $573 |
| 88101 | Clovis | 0.58% | $937 |
| 88113 | Causey | — | $360 |
| 88116 | Elida | 0.50% | $278 |
| 88118 | Floyd | 0.20% | $443 |
| 88119 | Fort Sumner | 0.60% | $1,000 |
| 88120 | Grady | 0.27% | $500 |
| 88121 | House | 0.31% | $456 |
| 88124 | Melrose | 0.35% | $437 |
| 88130 | Portales | 0.45% | $611 |
| 88132 | Rogers | 0.49% | $671 |
| 88135 | Texico | 0.43% | $481 |
| 88136 | Yeso | — | $297 |
| 88201 | Roswell | 0.63% | $1,271 |
| 88203 | Roswell | 0.66% | $761 |
| 88210 | Artesia | 0.44% | $939 |
| 88220 | Carlsbad | 0.55% | $1,050 |
| 88230 | Dexter | 0.55% | $535 |
| 88231 | Eunice | 0.41% | $623 |
| 88232 | Hagerman | 0.32% | $370 |
| 88240 | Hobbs | 0.46% | $812 |
| 88242 | Hobbs | 0.51% | $1,118 |
| 88250 | Hope | — | $871 |
| 88252 | Jal | 0.32% | $336 |
| 88253 | Lake Arthur | 0.39% | $852 |
| 88256 | Loving | 0.24% | $444 |
| 88260 | Lovington | 0.60% | $1,047 |
| 88265 | Monument | 0.30% | $800 |
| 88267 | Tatum | 0.58% | $600 |
| 88301 | Carrizozo | 0.50% | $423 |
| 88310 | Alamogordo | 0.59% | $968 |
| 88312 | Alto | 0.49% | $1,666 |
| 88316 | Capitan | 0.43% | $702 |
| 88317 | Cloudcroft | 0.42% | $872 |
| 88318 | Corona | — | $900 |
| 88321 | Encino | 0.77% | $8,465 |
| 88325 | High Rolls Mountain Park | 0.49% | $1,197 |
| 88337 | La Luz | 0.38% | $541 |
| 88338 | Lincoln | — | $721 |
| 88339 | Mayhill | 0.46% | $1,129 |
| 88341 | Nogal | 0.62% | $1,492 |
| 88344 | Pinon | 0.45% | $580 |
| 88345 | Ruidoso | 0.57% | $1,329 |
| 88346 | Ruidoso Downs | — | $393 |
| 88352 | Tularosa | 0.47% | $575 |
| 88353 | Vaughn | 0.77% | $352 |
| 88401 | Tucumcari | 0.78% | $511 |
| 88410 | Amistad | — | $350 |
| 88414 | Capulin | — | $199 |
| 88415 | Clayton | 0.66% | $860 |
| 88418 | Des Moines | 0.25% | $398 |
| 88419 | Folsom | 0.23% | $618 |
| 88424 | Grenville | — | $783 |
| 88426 | Logan | 0.40% | $450 |
| 88427 | Mcalister | 0.69% | $660 |
| 88430 | Nara Visa | — | $199 |
| 88434 | San Jon | 0.27% | $300 |
| 88435 | Santa Rosa | 0.68% | $770 |
| 88436 | Sedan | — | $1,750 |
Frequently Asked Questions About New Mexico Property Taxes
What is the average property tax rate in New Mexico?
New Mexico has one of the lowest effective property tax rates in the nation at approximately 0.67%. A homeowner with a $250,000 property pays roughly $1,675 per year in property taxes.
How does property tax work in New Mexico?
New Mexico assesses property at one-third of market value (33.33%). County assessors determine values, and then the county, municipalities, and school districts apply their millage rates. The state also collects a small property tax for public schools.
Are there property tax exemptions in New Mexico?
Yes. New Mexico offers a head of family exemption of $2,000 off assessed value for owner-occupied homes. Additional exemptions are available for veterans, disabled persons, and low-income seniors. Contact your county assessor to apply.
How do I appeal my New Mexico property tax assessment?
File a protest with your County Valuation Protests Board within 30 days of the assessment notice. Bring comparable sales data or an independent appraisal. Further appeals go to the New Mexico Property Tax Bureau or district court.
When are New Mexico property taxes due?
New Mexico property taxes are due in two installments: the first half is due November 10 and the second half is due April 10. Tax bills are mailed by the county treasurer.
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates (ZCTA level). ZIP Code Tabulation Areas (ZCTAs) are Census approximations of USPS ZIP codes.
Estimates are informational only and should not be used as financial or legal advice.