New Mexico Property Tax Calculator 2026
Estimate your property tax in New Mexico (NM). New Mexico has an average effective property tax rate of 0.68%, with a median annual tax of $1,655 on the median home value of $243,400.
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New Mexico Property Tax Overview
The average effective property tax rate in New Mexico is 0.68%. This is below the national average of about 1.1%, making New Mexico one of the more affordable states for property taxes.
Property taxes in New Mexico fund local services including public schools, fire departments, law enforcement, and infrastructure maintenance. Rates can vary significantly by county and municipality, so check with your local tax assessor for your exact rate.
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