Rio Arriba County, New Mexico property tax
The median homeowner in Rio Arriba County, New Mexico pays $1,000 a year in property tax on a home worth $230,900, an effective rate of 0.43%. The national effective rate is 0.98%.
What the rate means here
At 0.43%, Rio Arriba County taxes property more lightly than the national 0.98%. That puts the median bill at $1,000. Rates this low usually mean the state, rather than the county, carries more of the school funding.
Inside New Mexico it is among the lightest, ranking #25 of 26, against a statewide 0.72%. McKinley County, in the same state, charges 1.89%. Comparing states on property tax hides differences like that, which is why this site publishes counties.
The median home costs 4.28 times the median household income of $53,901, close to the national 3.86. Incomes run below the national median, and house prices run below it too, which is what keeps the ratio ordinary. With 40,165 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
| Rio Arriba County | New Mexico | United States | |
|---|---|---|---|
| Effective property tax | 0.43% | 0.72% | 0.98% |
| Median tax bill | $1,000 | $1,669 | $2,969 |
| Median home value | $230,900 | $232,200 | $303,400 |
| Median gross rent | $760 | $1,021 | $1,348 |
| Median household income | $53,901 | $62,125 | $78,538 |
| Home price to income | 4.28× | 3.74× | 3.86× |
| Rent as share of income | 16.92% | 19.72% | 20.6% |
| Owner-occupied | 78.08% | 69.34% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 40,165.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| Taos County | 0.33% | $1,164 | $354,000 |
| Curry County | 0.56% | $893 | $160,800 |
| Grant County | 0.46% | $756 | $164,400 |
| Cibola County | 0.82% | $983 | $120,000 |
| San Miguel County | 0.56% | $991 | $177,600 |
Rio Arriba County property tax: common questions
What is the property tax rate in Rio Arriba County, New Mexico?
The effective rate is 0.43% of home value, from a median tax bill of $1,000 against a median home value of $230,900. That is 0.55 points below the national 0.98%.
How much is property tax on a $400,000 home in Rio Arriba County?
Roughly $1,720 a year at the county effective rate of 0.43%.
Is Rio Arriba County expensive compared with the rest of New Mexico?
It ranks #25 of 26 New Mexico counties by effective property tax rate, and #2603 of 2,826 nationally. That is 0.29 points below the New Mexico average of 0.72%.
What does housing cost in Rio Arriba County?
The median home is worth $230,900 and median gross rent is $760 a month. Median household income is $53,901, which puts the home at 4.28 times annual income and rent at 16.92% of it.