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New Mexico property tax

Start with your county. Published tax dates and rules link to the official source.

Statewide rules

✓ Verified — Last verified October 24, 2026

Penalty statute

NMSA 7-38-50: penalty of 1% per month/part, capped at 5%, normally at least $5; counties may suspend the minimum for a tax year.

Official source. Statutory. Verified .

Appeal process

File a county-assessed property valuation/classification/exemption protest with the assessor to obtain a hearing under 7-38-24.

Official source. Statutory. Verified .

Veteran exemption

New Mexico resident veteran or unmarried surviving spouse owning taxable property, including a qualifying grantor trust; veteran definition and proof requirements also apply.

Official source. Verified .

Official exemption information

Official exemption information

Official source. Verified .

Tools and Census comparisons

Property tax calculators | Compare counties

Highest estimated rates in New Mexico | Lowest estimated rates in New Mexico

Every county page includes a Census bill estimate and assessment check where usable survey estimates are available.

Counties and county equivalents

Common questions

How do property tax appeals work in New Mexico?

File a county-assessed property valuation/classification/exemption protest with the assessor to obtain a hearing under 7-38-24.

Sources

realfile.tax.newmexico.gov
Pursuant to 7-38-50 NMSA 1978, if property taxes become delinquent, a penalty of one percent (1%) of the delinquent taxes for each month or any portion of a month they remain unpaid shall be imposed, but the total penalty shall not exceed five percent (5%) of the delinquent taxes, except that, when the penalty determined under the foregoing provisions is less than five dollars ($5.00), the penalty to be imposed shall be five dollars ($5.00). A county may suspend for a particular tax year application of the minimum penalty requirements by resolution of its county commissioners adopted not later than September 1 of that tax year.

Verified October 24, 2026

www.tax.newmexico.gov
Filing a petition in accordance with this section entitles the property owner to a hearing on his protest.

Verified October 24, 2026

realfile.tax.newmexico.gov
VETERAN EXEMPTION

Verified October 24, 2026

realfile.tax.newmexico.gov
An amount as provided in Subsection B of this section of the taxable value of property, including the community or joint property of married individuals, subject to the tax is exempt from the imposition of the tax if the property is owned by a veteran or the veteran's unmarried surviving spouse if the veteran or surviving spouse is a New Mexico resident

Verified October 24, 2026