United Paramount Tax Group
New Mexico (NM) Property Tax Info
| Property Tax Rank in US (best =1) | 1 |
| Corporate Tax Rank in US (best =1) | 20 |
| Sales Tax Rank in US (best =1) | 41 |
| Effective Real-Estate Tax Rate | 0.80% |
| Is Personal Property Taxable | Yes |
| New Mexico State Website | http://www.newmexico.gov/ |
| Capital | Santa Fe |
| Largest City | Albuquerque |
| Largest Metro Area | 915,927 |
Important Dates
For Real Property
- New Mexico Property Tax Filing Deadline For centrally assessed property, by the last day of February. For most other property, generally no annual report is due.
- New Mexico Property Tax Appeal Deadline 30 days from the date of notice
For Business Personal Property
- BPP Filing (Rendition) Deadline Last Day in February
- BPP Appeal Deadline 30 days from value notice date
New Mexico Property Tax Rate
New Mexico has among the lowest property taxes of any state in the U.S. The median annual property tax paid by homeowners in New Mexico is $1,403, about $1,200 less than the U.S. mark. Likewise, the state’s average effective property tax rate is 0.78%.
New Mexico has some of the lowest property tax rates in the U.S. The state’s average effective property tax rate is 0.78%. The median annual property tax paid by homeowners in New Mexico is $1,403, about $1,200 less than the national median.