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New Mexico Property Taxes

Average Tax Rate

0.8%

Rank

32

Population

2.1M

Owner Occupied Homes

620.0K

Median Home Value

$224,000

Estimated Revenue

$1.7B

New Mexico, the Land of Enchantment, is rich in Native American culture, stunning desert landscapes, and historic adobe architecture. Santa Fe and Albuquerque attract artists and entrepreneurs alike. New Mexico’s property tax rate is 0.80%, ranking 32nd. The state remains one of the most affordable in the Southwest.

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It’s Time to Tackle Your Property Tax Increase

Home values have risen substantially over the last decade. As a result, property taxes have become unaffordable for many home and business owners.

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Trends in Property Taxes in the United States

Property taxes are a crucial source of revenue for most local government entities. Shifting trends in market conditions, legislation, and the economy can have a big impact on both residential and commercial property owners.

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Property Tax Issues for Commercial Property Owners

Commercial property owners often face additional complexities and scrutiny when dealing with property tax issues. Our network of experts can help to navigate these issues and mitigate the impact of rising property taxes for commercial owners.