New Mexico · FIPS 35049 · ACS 2020–2024
Santa Fe County, New Mexico property tax rate
Homeowners in Santa Fe County paid a median of $2,152 a year in real estate taxes on a median home value of $446,300 (2020–2024 survey). Taxes came to 0.45% of home value, 28% below the New Mexico rate of 0.63% and 52% below the U.S. rate of 0.94%.
- 0.45%Effective tax rate±0.02% margin · New Mexico: 0.63%
- $2,152Median tax per yearNew Mexico: $1,731 · U.S.: $3,119
- $446,300Median home valueNew Mexico: $248,100
- 50,603Owner-occupied homes72% of households own
| Measure | Santa Fe County | New Mexico | U.S. | Santa Fe County 2019–2023 | Change |
|---|---|---|---|---|---|
| Effective tax rate | 0.45% | 0.63% | 0.94% | 0.46% | −0.01 pts |
| Median tax, all owners | $2,152 | $1,731 | $3,119 | $2,110 | +$42 (+2.0%) |
| Median tax, with a mortgage | $2,245 | $2,030 | $3,489 | $2,165 | +$80 (+3.7%) |
| Median tax, no mortgage | $2,028 | $1,332 | $2,576 | $2,038 | −$10 (-0.5%) |
| Median home value | $446,300 | $248,100 | $332,700 | $416,900 | +$29,400 (+7.1%) |
| Total taxes paid | $133,048,000 | $1,149,262,600 | $360,573,527,500 | $124,689,900 |
How Santa Fe County compares
- Per $1,000 of home value, owners here paid about $4.49 a year, against $6.27 statewide and $9.40 nationally.
- Rank in New Mexico: 6 of 22 counties from lowest to highest effective rate (among those with reliable estimates). Nationally, 12% of 2,682 counties had a lower rate.
- Homes with a mortgage: 0.48% of value; homes without one: 0.41%. Median bills: $2,245 and $2,028.
- Compared with the 2019–2023 survey, the effective rate fell (−0.01 pts) and the median tax changed +$42 (+2.0%). The two 5-year surveys share four years of responses, so year-to-year moves are small and partly noise.
- Margin of error: the effective rate is 0.45% ± 0.02% at 90% confidence, from a sample of the 50,603 owner-occupied homes.
New Mexico counties with similar rates
| County | Effective rate | Median tax | Median value |
|---|---|---|---|
| Grant County | 0.38% | $808 | $175,600 |
| Eddy County | 0.45% | $1,095 | $212,600 |
| Cibola County | 0.47% | $1,003 | $125,400 |
| San Miguel County | 0.47% | $1,081 | $188,500 |
| Colfax County | 0.51% | $867 | $167,200 |
| Lea County | 0.52% | $879 | $184,000 |
| San Juan County | 0.52% | $1,317 | $193,800 |
| Lincoln County | 0.54% | $1,246 | $233,200 |
Sources
- U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates, table-based summary file: B25090 (aggregate real estate taxes), B25082 (aggregate home value), B25103 (median real estate taxes), B25077 (median home value) and B25003 (tenure); files dated January 29, 2026.
- U.S. Census Bureau, American Community Survey 2019–2023 5-year estimates, same tables (files dated October 31, 2024), for the comparison column.
- Geography names: Census Bureau Geos20245YR.txt (file dated January 22, 2026).
Effective rate = total real estate taxes paid by owner-occupied homes ÷ their total value, as reported by owners to the Census Bureau. It is not a millage rate. Your bill depends on your assessed value, exemptions (such as homestead) and local levies.