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The Property Tax Division helps local governments in the administration and collection of ad valorem taxes in the State of New Mexico. Property taxes contribute a large portion of revenue to New Mexico’s local governments and schools annually.
- Property Tax
Property Tax. Owners of real property and manufactured homes...
- Property Tax Overview : Businesses
The Property Tax Division helps local governments in the...
- Property Tax
Property Tax. Owners of real property and manufactured homes are required by Section 7-38-8 NMSA 1978 to declare no later than the last day of February of each year certain changes in value of their property occurring within the prior calendar year. Property is valued as of January 1 of each year.
Calculate how much you'll pay in property taxes on your home, given your location and assessed home value. Compare your rate to the New Mexico and U.S. average.
The median property tax in New Mexico is $880.00 per year for a home worth the median value of $160,900.00. Counties in New Mexico collect an average of 0.55% of a property's assesed fair market value as property tax per year.
The Property Tax Division helps local governments in the administration and collection of ad valorem taxes in the State of New Mexico. Property taxes contribute a large portion of revenue to New Mexico’s local governments and schools annually.
15 sie 2024 · Property taxes in New Mexico. The average effective property tax rate in New Mexico is 0.80%, but this can vary quite a bit depending on which county the home is in.
21 sie 2024 · The Taxation and Revenue Department serves the State of New Mexico by providing fair and efficient tax and motor vehicle services. It administers more than 35 tax programs and distributes revenue to the State and to local and tribal governments throughout New Mexico.