New Mexico Property Tax Rates by ZIP Code

Name: New Mexico Property Tax Rates by ZIP Code
Creator: ByCounty Network
License: https://www.census.gov/data/developers/about/terms-of-service.html

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 avg

Avg Tax Rate

0.59%

Avg Home Value

$216,025

12% below national avg

ZIP 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

State decision guide

How to compare property taxes in New Mexico

Start with the effective rate, translate it into a monthly housing cost, then verify parcel-specific rules before making an offer. ZIP-level data is best for narrowing a search, not for replacing an assessor record.

Rate range

4.66 pts

From ZIP 87516 at 0.09% to ZIP 87326 at 4.75%.

Monthly budget impact

$16 to $856

Estimated monthly tax range on the New Mexico median home value of $216,025.

Data coverage

91%

227 of 249 New Mexico ZIP codes include enough Census data to calculate an effective tax rate.

Before comparing homes across New Mexico

Check whether the property is inside city limits or an unincorporated area.

Compare school district boundaries, which can drive a large share of the bill.

Confirm homestead and senior exemptions before estimating a first-year payment.

Ask whether assessed value resets after purchase or rises under annual caps.

Homebuyer task clusters

Where to look first in New Mexico

227 of 249 New Mexico ZIP rows have complete tax, rate, and home-value fields. These clusters turn the state table into concrete buyer checks.

Budget pressure

High-bill suburbs to verify

Start here when a listing looks affordable but the annual tax bill may change the monthly payment.

88321Encino$8,465/yr 87122Albuquerque$5,510/yr 87540Lamy$4,053/yr 87113Albuquerque$3,708/yr

Rate shopping

Low-rate alternatives

ZIPs with the lowest effective rates in the state, useful when you can widen the home search.

87516Canones0.09%87521Chamisal0.15%87017Gallina0.16%87558Red River0.16%

Purchase check

Reassessment watchlist

Higher-value ZIPs where a purchase-price reset or assessment review can have a larger dollar impact.

88321Encino$1,096,500 87540Lamy$685,900 87501Santa Fe$649,100 87122Albuquerque$614,200

Value context

Low-rate, high-value ZIPs

Higher-value markets that still sit at or below the state average effective tax rate.

87501Santa Fe0.44% rate 87508Santa Fe0.52% rate 87516Canones0.09% rate 87506Santa Fe0.52% rate

Data confidence

High-MOE caution areas

Rows where the Census uncertainty is wide enough to verify parcel records before relying on the estimate.

87014CuberoMOE suppressed 87357PinehillMOE suppressed 87565San JoseMOE suppressed 87712Buena VistaMOE suppressed

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

87326

Vanderwagen

4.75%

$2,400/yr

87034

Pueblo Of Acoma

2.04%

$1,594/yr

87565

San Jose

1.99%

$199/yr

87712

Buena Vista

1.99%

$199/yr

87301

Gallup

1.18%

$1,586/yr

Lowest Tax Rates

87516

Canones

0.09%

$464/yr

87521

Chamisal

0.15%

$285/yr

87017

Gallina

0.16%

$390/yr

87558

Red River

0.16%

$688/yr

87566

Ohkay Owingeh

0.16%

$824/yr

Cities in New Mexico

Explore property tax rates by city

Showing top 20 of 222 cities. Browse individual ZIP codes below for more.

All ZIP Codes in New Mexico


87001	Algodones	0.74%	$1,671	$224,800
87002	Belen	0.63%	$1,159	$183,700
87004	Bernalillo	0.64%	$1,499	$235,200
87006	Bosque	0.48%	$940	$196,700
87008	Cedar Crest	0.67%	$2,379	$352,900
87010	Cerrillos	0.37%	$1,656	$450,000
87012	Coyote	0.44%	$1,340	$306,300
87013	Cuba	0.66%	$512	$77,900
87014	Cubero	0.87%	$199	$22,800
87015	Edgewood	0.52%	$1,379	$263,200
87016	Estancia	0.51%	$593	$117,400
87017	Gallina	0.16%	$390	$245,500
87020	Grants	0.80%	$1,240	$154,900
87021	Milan	0.46%	$600	$131,500
87023	Jarales	0.54%	$831	$153,300
87024	Jemez Pueblo	0.82%	$1,519	$185,600
87025	Jemez Springs	0.45%	$1,948	$436,100
87031	Los Lunas	0.71%	$1,466	$206,600
87034	Pueblo Of Acoma	2.04%	$1,594	$78,100
87035	Moriarty	0.50%	$731	$147,600
87036	Mountainair	0.36%	$528	$147,700
87041	Pena Blanca	0.52%	$861	$164,100
87042	Peralta	0.44%	$1,211	$275,000
87043	Placitas	0.56%	$2,920	$520,200
87044	Ponderosa	N/A	$600	N/A
87047	Sandia Park	0.68%	$2,733	$399,400
87048	Corrales	0.65%	$3,569	$552,000
87053	San Ysidro	0.63%	$1,484	$234,900
87056	Stanley	0.51%	$1,010	$197,300
87059	Tijeras	0.69%	$2,232	$322,100
87061	Torreon	0.22%	$360	$161,900
87062	Veguita	0.66%	$542	$82,200
87063	Willard	0.24%	$235	$96,300
87064	Youngsville	0.62%	$485	$78,700
87068	Bosque Farms	0.83%	$2,048	$246,300
87072	Cochiti Pueblo	0.91%	$1,875	$205,700
87083	Cochiti Lake	0.47%	$976	$208,100
87102	Albuquerque	1.07%	$1,866	$174,400
87104	Albuquerque	0.96%	$2,873	$300,000
87105	Albuquerque	0.74%	$1,489	$200,300
87106	Albuquerque	0.86%	$2,845	$332,100
87107	Albuquerque	0.90%	$2,533	$282,000
87108	Albuquerque	0.96%	$2,185	$227,600
87109	Albuquerque	0.95%	$2,839	$298,300
87110	Albuquerque	0.97%	$2,446	$251,400
87111	Albuquerque	0.96%	$3,339	$349,200
87112	Albuquerque	0.98%	$2,498	$254,400
87113	Albuquerque	1.02%	$3,708	$362,100
87114	Albuquerque	0.96%	$2,855	$296,200
87120	Albuquerque	1.00%	$2,769	$276,900
87121	Albuquerque	0.83%	$1,600	$192,500
87122	Albuquerque	0.90%	$5,510	$614,200
87123	Albuquerque	1.05%	$2,482	$236,400
87124	Rio Rancho	0.73%	$1,906	$262,800
87144	Rio Rancho	0.81%	$2,279	$280,600
87301	Gallup	1.18%	$1,586	$134,700
87311	Church Rock	1.06%	$415	$39,100
87317	Gamerco	N/A	$716	N/A
87321	Ramah	0.90%	$1,437	$160,200
87323	Thoreau	0.58%	$596	$102,700
87326	Vanderwagen	4.75%	$2,400	$50,500
87327	Zuni	0.76%	$600	$79,300
87357	Pinehill	0.26%	$199	$77,600
87401	Farmington	0.60%	$1,205	$202,400
87402	Farmington	0.62%	$1,670	$269,100
87410	Aztec	0.65%	$1,253	$192,600
87412	Blanco	0.92%	$1,106	$119,900
87413	Bloomfield	0.75%	$1,325	$176,800
87415	Flora Vista	0.48%	$959	$197,800
87416	Fruitland	0.61%	$555	$91,300
87417	Kirtland	0.49%	$885	$180,400
87418	La Plata	0.77%	$1,540	$199,400
87420	Shiprock	0.73%	$746	$101,600
87421	Waterflow	0.73%	$910	$125,500
87501	Santa Fe	0.44%	$2,831	$649,100
87505	Santa Fe	0.52%	$2,498	$484,100
87506	Santa Fe	0.52%	$2,748	$523,600
87507	Santa Fe	0.48%	$1,616	$333,300
87508	Santa Fe	0.52%	$2,729	$529,000
87510	Abiquiu	0.40%	$1,354	$336,300
87511	Alcalde	0.49%	$1,127	$228,800
87513	Arroyo Hondo	0.39%	$1,583	$403,400
87514	Arroyo Seco	0.34%	$1,754	$521,300
87515	Canjilon	0.45%	$1,572	$352,200
87516	Canones	0.09%	$464	$525,000
87519	Cerro	0.18%	$769	$415,800
87520	Chama	0.59%	$1,226	$207,200
87521	Chamisal	0.15%	$285	$188,500
87522	Chimayo	0.35%	$758	$219,400
87523	Cordova	0.27%	$400	$150,000
87527	Dixon	0.30%	$1,200	$399,100
87529	El Prado	0.35%	$1,377	$393,600
87530	El Rito	0.39%	$1,057	$273,700
87532	Espanola	0.50%	$1,119	$225,000
87535	Glorieta	0.40%	$1,720	$428,100
87537	Hernandez	0.35%	$809	$228,800
87538	Ilfeld	0.23%	$567	$251,300
87540	Lamy	0.59%	$4,053	$685,900
87544	Los Alamos	0.59%	$2,610	$444,700
87547	White Rock	0.56%	$2,567	$460,100
87548	Medanales	N/A	$983	N/A
87549	Ojo Caliente	0.42%	$1,078	$257,000
87551	Los Ojos	N/A	$1,350	N/A
87552	Pecos	0.42%	$1,014	$240,900
87553	Penasco	0.26%	$514	$200,300
87556	Questa	0.34%	$770	$226,900
87557	Ranchos De Taos	0.55%	$2,055	$373,400
87558	Red River	0.16%	$688	$429,500
87560	Ribera	0.51%	$506	$98,500
87565	San Jose	1.99%	$199	$9,999
87566	Ohkay Owingeh	0.16%	$824	$500,000
87567	Santa Cruz	0.44%	$1,258	$284,200
87569	Serafina	0.32%	$605	$187,300
87571	Taos	0.34%	$1,438	$416,800
87575	Tierra Amarilla	N/A	$1,205	N/A
87577	Tres Piedras	0.18%	$581	$328,600
87579	Vadito	0.53%	$666	$125,100
87582	Velarde	0.39%	$1,279	$328,200
87701	Las Vegas	0.63%	$1,060	$169,000
87710	Angel Fire	0.52%	$2,286	$436,200
87711	Anton Chico	N/A	$225	N/A
87712	Buena Vista	1.99%	$199	$9,999
87714	Cimarron	0.53%	$766	$143,500
87715	Cleveland	N/A	$549	N/A
87718	Eagle Nest	0.73%	$1,241	$170,700
87722	Guadalupita	0.92%	$1,102	$119,700
87723	Holman	0.35%	$622	$177,800
87728	Maxwell	0.67%	$571	$85,000
87730	Mills	0.80%	$900	$112,500
87731	Montezuma	0.31%	$535	$173,400
87732	Mora	0.42%	$498	$118,600
87733	Mosquero	0.31%	$313	$100,000
87734	Ocate	0.21%	$896	$420,700
87740	Raton	0.56%	$876	$157,000
87742	Rociada	0.47%	$1,108	$235,300
87743	Roy	0.52%	$292	$55,900
87745	Sapello	0.66%	$1,318	$198,900
87746	Solano	0.56%	$1,192	$212,500
87747	Springer	0.67%	$785	$116,700
87752	Wagon Mound	N/A	$800	N/A
87801	Socorro	0.71%	$1,180	$165,700
87821	Datil	0.36%	$845	$233,800
87823	Lemitar	0.83%	$1,128	$135,500
87825	Magdalena	0.39%	$429	$110,800
87828	Polvadera	0.37%	$667	$179,600
87829	Quemado	0.29%	$746	$259,500
87830	Reserve	0.23%	$278	$118,500
87831	San Acacia	0.50%	$789	$156,700
87832	San Antonio	0.17%	$365	$214,800
87901	Truth Or Consequences	0.60%	$690	$114,800
87930	Arrey	0.71%	$1,613	$228,000
87931	Caballo	N/A	$378	N/A
87935	Elephant Butte	0.58%	$1,055	$180,800
87936	Garfield	0.43%	$556	$130,800
87937	Hatch	0.57%	$578	$102,000
87941	Salem	0.36%	$199	$55,900
87942	Williamsburg	0.68%	$724	$105,900
87943	Winston	N/A	$890	N/A
88001	Las Cruces	0.68%	$1,077	$158,300
88005	Las Cruces	0.71%	$1,463	$207,100
88007	Las Cruces	0.66%	$1,536	$232,200
88008	Santa Teresa	0.94%	$2,153	$228,800
88011	Las Cruces	0.71%	$2,233	$315,100
88012	Las Cruces	0.63%	$1,399	$222,300
88020	Animas	0.35%	$546	$158,000
88021	Anthony	0.82%	$1,235	$151,400
88022	Arenas Valley	0.65%	$1,094	$169,200
88023	Bayard	0.50%	$595	$118,100
88024	Berino	N/A	$503	N/A
88026	Santa Clara	0.38%	$465	$120,900
88027	Chamberino	0.28%	$519	$183,300
88028	Cliff	0.54%	$1,069	$198,400
88029	Columbus	0.43%	$394	$91,400
88030	Deming	0.58%	$663	$113,700
88038	Gila	0.17%	$387	$222,700
88039	Glenwood	0.25%	$410	$161,600
88041	Hanover	0.61%	$895	$145,800
88042	Hillsboro	0.56%	$1,087	$193,300
88043	Hurley	0.61%	$531	$86,800
88044	La Mesa	0.60%	$1,168	$194,000
88045	Lordsburg	0.53%	$528	$98,800
88046	Mesilla	0.47%	$1,179	$253,000
88047	Mesilla Park	0.79%	$864	$109,600
88048	Mesquite	1.13%	$1,113	$98,200
88049	Mimbres	0.64%	$1,129	$177,700
88056	Rodeo	0.40%	$511	$128,900
88061	Silver City	0.46%	$853	$185,000
88063	Sunland Park	0.83%	$1,009	$121,900
88065	Tyrone	0.65%	$1,139	$176,100
88072	Vado	0.38%	$381	$99,200
88081	Chaparral	0.56%	$573	$101,900
88101	Clovis	0.58%	$937	$162,400
88113	Causey	N/A	$360	N/A
88116	Elida	0.50%	$278	$55,600
88118	Floyd	0.20%	$443	$221,700
88119	Fort Sumner	0.60%	$1,000	$165,400
88120	Grady	0.27%	$500	$182,500
88121	House	0.31%	$456	$147,500
88124	Melrose	0.35%	$437	$123,800
88130	Portales	0.45%	$611	$136,600
88132	Rogers	0.49%	$671	$138,300
88135	Texico	0.43%	$481	$112,900
88136	Yeso	N/A	$297	N/A
88201	Roswell	0.63%	$1,271	$202,600
88203	Roswell	0.66%	$761	$115,600
88210	Artesia	0.44%	$939	$213,900
88220	Carlsbad	0.55%	$1,050	$192,600
88230	Dexter	0.55%	$535	$96,500
88231	Eunice	0.41%	$623	$151,800
88232	Hagerman	0.32%	$370	$115,600
88240	Hobbs	0.46%	$812	$177,200
88242	Hobbs	0.51%	$1,118	$218,700
88250	Hope	N/A	$871	N/A
88252	Jal	0.32%	$336	$105,400
88253	Lake Arthur	0.39%	$852	$217,300
88256	Loving	0.24%	$444	$182,200
88260	Lovington	0.60%	$1,047	$174,200
88265	Monument	0.30%	$800	$265,900
88267	Tatum	0.58%	$600	$104,300
88301	Carrizozo	0.50%	$423	$85,000
88310	Alamogordo	0.59%	$968	$164,300
88312	Alto	0.49%	$1,666	$339,200
88316	Capitan	0.43%	$702	$164,800
88317	Cloudcroft	0.42%	$872	$206,000
88318	Corona	N/A	$900	N/A
88321	Encino	0.77%	$8,465	$1,096,500
88325	High Rolls Mountain Park	0.49%	$1,197	$246,000
88337	La Luz	0.38%	$541	$143,900
88338	Lincoln	N/A	$721	N/A
88339	Mayhill	0.46%	$1,129	$244,300
88341	Nogal	0.62%	$1,492	$239,600
88344	Pinon	0.45%	$580	$127,500
88345	Ruidoso	0.57%	$1,329	$232,400
88346	Ruidoso Downs	N/A	$393	N/A
88352	Tularosa	0.47%	$575	$122,000
88353	Vaughn	0.77%	$352	$45,800
88401	Tucumcari	0.78%	$511	$65,800
88410	Amistad	N/A	$350	N/A
88414	Capulin	N/A	$199	N/A
88415	Clayton	0.66%	$860	$129,600
88418	Des Moines	0.25%	$398	$160,900
88419	Folsom	0.23%	$618	$263,200
88424	Grenville	N/A	$783	N/A
88426	Logan	0.40%	$450	$112,600
88427	Mcalister	0.69%	$660	$95,000
88430	Nara Visa	N/A	$199	N/A
88434	San Jon	0.27%	$300	$111,600
88435	Santa Rosa	0.68%	$770	$113,600
88436	Sedan	N/A	$1,750	N/A

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.

Explore the ByCounty Network

Tax Cost Crime Income Health Schools Risk Water Weather Score

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.

Learn about our data sources and methodology →