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NMNew Mexico rankings

Towns with the lowest property taxes in New Mexico

Ranked by the median yearly real-estate tax bill homeowners actually pay (the tax rate column is that bill divided by the median home value). 64 towns with 2,500+ residents.

U.S. Census ACS 2020–2024 5-year

1 Vado $392/yr Home value $104,400 Map of Tucumcari 2 Tucumcari $501/yr Home value $64,100 3 Eunice $506/yr Home value $139,800
#TownMedian tax billHome valueTax rate
1 Vado2,895 people $392/yr $104,400 0.38%
2 Map of Tucumcari Tucumcari5,160 people $501/yr $64,100 0.78%
3 Eunice3,015 people $506/yr $139,800 0.36%
4 Map of Agua Fria Agua Fria2,898 people $514/yr $270,400 0.19%
5 Meadow Lake4,259 people $570/yr $77,900 0.73%
6 Chaparral18,186 people $588/yr $109,300 0.54%
7 Tularosa2,597 people $702/yr $150,600 0.47%
8 Crouch Mesa4,812 people $706/yr $89,200 0.79%
9 Truth or Consequences6,019 people $718/yr $124,600 0.58%
10 Raton Raton6,026 people $719/yr $134,300 0.54%
11 Map of Portales Portales11,968 people $728/yr $133,400 0.55%
12 Deming15,221 people $756/yr $127,400 0.59%
13 El Cerro Mission5,323 people $819/yr $115,300 0.71%
14 Clayton2,753 people $840/yr $110,500 0.76%
15 Silver City9,536 people $852/yr $182,100 0.47%
16 Map of Flora Vista Flora Vista2,770 people $878/yr $219,300 0.40%
17 Lovington11,498 people $920/yr $166,100 0.55%
18 Hobbs40,252 people $954/yr $191,300 0.50%
19 Ranchos de Taos2,536 people $967/yr $349,700 0.28%
20 Roswell47,638 people $995/yr $152,600 0.65%
21 Española10,473 people $1,032/yr $210,800 0.49%
22 Anthony Anthony8,767 people $1,050/yr $116,000 0.91%
23 Carlsbad Carlsbad31,746 people $1,066/yr $200,000 0.53%
24 Map of Clovis Clovis37,942 people $1,075/yr $169,400 0.63%
25 Map of Grants Grants8,951 people $1,081/yr $136,500 0.79%
26 Las Vegas13,000 people $1,121/yr $155,300 0.72%
27 Map of Alamogordo Alamogordo31,307 people $1,133/yr $172,900 0.66%
28 Artesia12,576 people $1,138/yr $229,400 0.50%
29 Map of Socorro Socorro8,481 people $1,155/yr $152,900 0.76%
30 Map of Rio Communities Rio Communities4,925 people $1,160/yr $205,900 0.56%
31 Bloomfield Bloomfield7,395 people $1,211/yr $161,200 0.75%
32 Map of Belen Belen7,450 people $1,216/yr $166,100 0.73%
33 North Hobbs6,034 people $1,274/yr $264,400 0.48%
34 Lee Acres4,272 people $1,289/yr $187,400 0.69%
35 Peralta3,404 people $1,328/yr $299,200 0.44%
36 Aztec6,150 people $1,338/yr $175,000 0.76%
37 La Mesilla2,697 people $1,399/yr $315,800 0.44%
38 Farmington Farmington46,314 people $1,427/yr $233,000 0.61%
39 South Valley37,120 people $1,508/yr $224,300 0.67%
40 Bernalillo Bernalillo9,086 people $1,514/yr $255,500 0.59%
41 Edgewood6,124 people $1,517/yr $306,400 0.50%
42 Las Cruces Las Cruces114,197 people $1,571/yr $231,700 0.68%
43 Map of Ruidoso Ruidoso7,699 people $1,579/yr $243,800 0.65%
44 Taos6,458 people $1,600/yr $445,900 0.36%
45 Map of Los Chaves Los Chaves4,838 people $1,637/yr $285,700 0.57%
46 Sunland Park Sunland Park17,463 people $1,695/yr $215,200 0.79%
47 Map of Gallup Gallup21,023 people $1,696/yr $165,200 1.03%
48 Santa Teresa Santa Teresa6,041 people $1,794/yr $215,100 0.83%
49 El Cerro2,923 people $1,856/yr $311,500 0.60%
50 Bosque Farms4,071 people $1,894/yr $293,100 0.65%
51 Los Lunas18,618 people $1,949/yr $262,900 0.74%
52 La Cienega3,543 people $1,985/yr $517,100 0.38%
53 Paradise Hills4,591 people $1,997/yr $254,600 0.78%
54 North Valley10,455 people $2,120/yr $302,700 0.70%
55 Map of Santa Fe Santa Fe89,019 people $2,126/yr $444,900 0.48%
56 Rio Rancho108,515 people $2,293/yr $310,200 0.74%
57 Albuquerque Albuquerque562,218 people $2,678/yr $291,500 0.92%
58 White Rock5,716 people $2,681/yr $500,700 0.54%
59 Map of Los Alamos Los Alamos13,317 people $2,749/yr $501,800 0.55%
60 Eldorado at Santa Fe5,619 people $2,870/yr $591,900 0.48%
61 Placitas4,223 people $2,887/yr $562,100 0.51%
62 Corrales8,555 people $3,554/yr $571,500 0.62%
63 Los Ranchos de Albuquerque5,857 people $3,732/yr $492,400 0.76%
64 Sandia Heights3,160 people $5,269/yr $670,100 0.79%

How this ranking works

We rank every town by the median yearly real-estate tax bill homeowners actually pay (the tax rate column is that bill divided by the median home value). The town with the lowest figure ranks #1. For comparison, the figure for New Mexico as a whole is $1,731/yr.

Only towns with at least 2,500 residents are ranked; Census estimates for smaller places are too uncertain. Population and income: U.S. Census Bureau American Community Survey 5-year estimates. Town photos: Wikimedia Commons, credited on each town’s page.

Same ranking in other states

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