Loading calculator…
How Much is Property Tax on a $300,000 Home in New Mexico?
Property tax on a $300,000 home in New Mexico typically ranges from $900 to $3,600 per year (roughly $75 to $300/month), depending on the county. Based on the statewide average effective rate of 0.67%, you can expect to pay around $2,010/year, or $168/month. New Mexico has relatively low property taxes; residential property is assessed at a fraction of market value, and there are annual assessment increase limitations.