Cibola County, New Mexico property tax
The median homeowner in Cibola County, New Mexico pays $983 a year in property tax on a home worth $120,000, an effective rate of 0.82%. The national effective rate is 0.98%.
What the rate means here
At 0.82%, Cibola County taxes property more lightly than the national 0.98%. That puts the median bill at $983. Rates this low usually mean the state, rather than the county, carries more of the school funding.
Inside New Mexico it is one of the most heavily taxed counties there is, ranking #3 of 26, against a statewide 0.72%. At the other end of the same state, Taos County charges 0.33%. A spread that wide inside one state is normal, because school districts, not states, set most of the levy.
The median home costs 2.32 times the median household income of $51,765, against 3.86 nationally, which is a comfortable ratio by American standards. 70.47% of occupied homes are owned rather than rented, and cheap housing relative to income is usually why. With 27,059 residents, the sample behind these medians is small, and the survey's own margins of error are correspondingly wider.
The rate is derived rather than quoted. How and why.
What that costs at different home values
Arithmetic at the county effective rate, before any exemption or assessment cap.
Housing and income
| Cibola County | New Mexico | United States | |
|---|---|---|---|
| Effective property tax | 0.82% | 0.72% | 0.98% |
| Median tax bill | $983 | $1,669 | $2,969 |
| Median home value | $120,000 | $232,200 | $303,400 |
| Median gross rent | $724 | $1,021 | $1,348 |
| Median household income | $51,765 | $62,125 | $78,538 |
| Home price to income | 2.32× | 3.74× | 3.86× |
| Rent as share of income | 16.78% | 19.72% | 20.6% |
| Owner-occupied | 70.47% | 69.34% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 27,059.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| San Miguel County | 0.56% | $991 | $177,600 |
| Grant County | 0.46% | $756 | $164,400 |
| Luna County | 0.58% | $648 | $112,500 |
| Lincoln County | 0.54% | $1,143 | $212,200 |
| Taos County | 0.33% | $1,164 | $354,000 |
Cibola County property tax: common questions
What is the property tax rate in Cibola County, New Mexico?
The effective rate is 0.82% of home value, from a median tax bill of $983 against a median home value of $120,000. That is 0.16 points below the national 0.98%.
How much is property tax on a $400,000 home in Cibola County?
Roughly $3,280 a year at the county effective rate of 0.82%.
Is Cibola County expensive compared with the rest of New Mexico?
It ranks #3 of 26 New Mexico counties by effective property tax rate, and #1421 of 2,826 nationally. That is 0.1 points above the New Mexico average of 0.72%.
What does housing cost in Cibola County?
The median home is worth $120,000 and median gross rent is $724 a month. Median household income is $51,765, which puts the home at 2.32 times annual income and rent at 16.78% of it.