Question 1

What is the average property tax rate in New Mexico?

Accepted Answer

The statewide average effective property tax rate on owner-occupied housing in New Mexico is 0.63% (2024 US Census ACS data).

Question 2

How much is property tax on a $400,000 home in New Mexico?

Accepted Answer

At the New Mexico average rate of 0.63%, a $400,000 home has an estimated property tax of about $2,520 per year (around $210 per month).

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