Luna County, New Mexico property tax
The median homeowner in Luna County, New Mexico pays $648 a year in property tax on a home worth $112,500, an effective rate of 0.58%. The national effective rate is 0.98%.
What the rate means here
At 0.58%, Luna County taxes property more lightly than the national 0.98%. With a median home at $112,500, that produces a bill of $648. Somebody still funds the schools, so it is worth knowing what a low-tax county collects instead.
It ranks #10 of 26 New Mexico counties by effective rate, against a statewide 0.72%, and #2,153 nationally. The state runs from 1.89% in McKinley County down to 0.33% in Taos County.
The median home costs 2.97 times the median household income of $37,917, against 3.86 nationally, which is a comfortable ratio by American standards. 69.17% of occupied homes are owned rather than rented, and cheap housing relative to income is usually why. With 25,420 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
| Luna County | New Mexico | United States | |
|---|---|---|---|
| Effective property tax | 0.58% | 0.72% | 0.98% |
| Median tax bill | $648 | $1,669 | $2,969 |
| Median home value | $112,500 | $232,200 | $303,400 |
| Median gross rent | $685 | $1,021 | $1,348 |
| Median household income | $37,917 | $62,125 | $78,538 |
| Home price to income | 2.97× | 3.74× | 3.86× |
| Rent as share of income | 21.68% | 19.72% | 20.6% |
| Owner-occupied | 69.17% | 69.34% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 25,420.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| San Miguel County | 0.56% | $991 | $177,600 |
| Cibola County | 0.82% | $983 | $120,000 |
| Grant County | 0.46% | $756 | $164,400 |
| Lincoln County | 0.54% | $1,143 | $212,200 |
| Los Alamos County | 0.57% | $2,591 | $452,500 |
Luna County property tax: common questions
What is the property tax rate in Luna County, New Mexico?
The effective rate is 0.58% of home value, from a median tax bill of $648 against a median home value of $112,500. That is 0.4 points below the national 0.98%.
How much is property tax on a $400,000 home in Luna County?
Roughly $2,320 a year at the county effective rate of 0.58%.
Is Luna County expensive compared with the rest of New Mexico?
It ranks #10 of 26 New Mexico counties by effective property tax rate, and #2153 of 2,826 nationally. That is 0.14 points below the New Mexico average of 0.72%.
What does housing cost in Luna County?
The median home is worth $112,500 and median gross rent is $685 a month. Median household income is $37,917, which puts the home at 2.97 times annual income and rent at 21.68% of it.