Albuquerque, NM Property Tax Rates
Compare property tax rates across 16 ZIP codes in Albuquerque, New Mexico.
Avg Tax Rate
0.94%
Avg Annual Tax
$2,740
Avg Home Value
$290,500
ZIP Codes
16
Property Tax Overview: Albuquerque, NM
Albuquerque has 16 ZIP codes with property tax data. The average effective tax rate across these ZIPs is 0.94%, which is 61% above the New Mexico average of 0.59%. Annual property taxes range from $1,489 (ZIP 87105) to $1,866 (ZIP 87102).
For a home at Albuquerque's median value of $290,500, property taxes add approximately $229/month to housing costs. Albuquerque home values are above the New Mexico median of $216,025, meaning the monthly tax impact is correspondingly higher.
Property tax rates within Albuquerque vary by 0.33 percentage points across its ZIP codes. This variation typically reflects different school district boundaries, special assessment zones, and municipal service areas within the city.
ZIP Codes in Albuquerque, NM
| ZIP Code | Effective Rate | Median Tax | Median Home Value |
|---|---|---|---|
| 87105 | 0.74% | $1,489 | $200,300 |
| 87121 | 0.83% | $1,600 | $192,500 |
| 87106 | 0.86% | $2,845 | $332,100 |
| 87122 | 0.90% | $5,510 | $614,200 |
| 87107 | 0.90% | $2,533 | $282,000 |
| 87109 | 0.95% | $2,839 | $298,300 |
| 87111 | 0.96% | $3,339 | $349,200 |
| 87104 | 0.96% | $2,873 | $300,000 |
| 87108 | 0.96% | $2,185 | $227,600 |
| 87114 | 0.96% | $2,855 | $296,200 |
| 87110 | 0.97% | $2,446 | $251,400 |
| 87112 | 0.98% | $2,498 | $254,400 |
| 87120 | 1.00% | $2,769 | $276,900 |
| 87113 | 1.02% | $3,708 | $362,100 |
| 87123 | 1.05% | $2,482 | $236,400 |
| 87102 | 1.07% | $1,866 | $174,400 |
Albuquerque vs New Mexico Average
Effective Tax Rate
61% above state average
Annual Property Tax
Median Home Value
Frequently Asked Questions
What is the average property tax rate in Albuquerque, NM?
The average effective property tax rate in Albuquerque, New Mexico is 0.94%, based on 16 ZIP codes.
How much is property tax in Albuquerque, NM?
The average median annual property tax in Albuquerque is $2,740 per year, with a median home value of $290,500.
Which ZIP code in Albuquerque has the lowest property tax rate?
ZIP code 87105 has the lowest effective tax rate in Albuquerque at 0.74%, with a median annual tax of $1,489.
How many ZIP codes are in Albuquerque, NM?
Albuquerque, New Mexico has 16 ZIP codes with property tax data available.
Which ZIP code in Albuquerque has the highest property tax rate?
ZIP code 87102 has the highest effective tax rate in Albuquerque at 1.07%, with a median annual tax of $1,866.
How do Albuquerque property taxes compare to the New Mexico average?
Albuquerque's average effective rate of 0.94% is 61% above the New Mexico state average of 0.59%.
What factors affect property tax rates between ZIP codes in Albuquerque?
Property tax rate differences within Albuquerque are typically driven by school district boundaries (which can account for 40–60% of a tax bill), special assessment zones for fire, water, or transit services, and whether a ZIP falls within city limits or an unincorporated area. Each taxing jurisdiction sets its own rate, which is why adjacent ZIP codes can have noticeably different effective rates.
Tips for Albuquerque Homeowners
- •Appeal your assessment: If your home is assessed higher than its market value, you can file a property tax appeal. Studies suggest 30–60% of properties are over-assessed. Most counties offer a free informal review process.
- •Check your exemptions: Homestead exemptions can reduce your taxable value and are available to primary residents in most states. Senior, veteran, and disability exemptions may also apply. Exemptions must typically be applied for — they are not automatic.
- •Know your assessment cycle: New Mexico reassesses properties periodically. After buying a home, your next tax bill may reflect a new assessment based on your purchase price. Budget accordingly, especially if you bought above prior assessed values.
- •Compare ZIP codes before buying: Even within Albuquerque, effective tax rates can vary significantly across ZIP codes due to different school district overlays. Use PropertyTaxByZip to compare specific ZIPs before choosing a neighborhood.
Other Cities in New Mexico
Looking for county-level property tax data? View Bernalillo County on TaxByCounty.com
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.