Taos County, New Mexico property tax
The median homeowner in Taos County, New Mexico pays $1,164 a year in property tax on a home worth $354,000, an effective rate of 0.33%. The national effective rate is 0.98%.
What the rate means here
At 0.33%, Taos County taxes property more lightly than the national 0.98%. A low rate on an expensive house is not the bargain it looks like. The median bill is still $1,164, because 0.33% of $354,000 is not a small number.
Inside New Mexico it is among the lightest, ranking #26 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 6.01 times the median household income of $58,908, against 3.86 nationally, so housing absorbs an unusually large share of what people here earn. Renters pay 21.78% of median income in gross rent. With 34,516 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
| Taos County | New Mexico | United States | |
|---|---|---|---|
| Effective property tax | 0.33% | 0.72% | 0.98% |
| Median tax bill | $1,164 | $1,669 | $2,969 |
| Median home value | $354,000 | $232,200 | $303,400 |
| Median gross rent | $1,069 | $1,021 | $1,348 |
| Median household income | $58,908 | $62,125 | $78,538 |
| Home price to income | 6.01× | 3.74× | 3.86× |
| Rent as share of income | 21.78% | 19.72% | 20.6% |
| Owner-occupied | 78.84% | 69.34% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 34,516.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| Rio Arriba County | 0.43% | $1,000 | $230,900 |
| Grant County | 0.46% | $756 | $164,400 |
| Cibola County | 0.82% | $983 | $120,000 |
| San Miguel County | 0.56% | $991 | $177,600 |
| Luna County | 0.58% | $648 | $112,500 |
Taos County property tax: common questions
What is the property tax rate in Taos County, New Mexico?
The effective rate is 0.33% of home value, from a median tax bill of $1,164 against a median home value of $354,000. That is 0.65 points below the national 0.98%.
How much is property tax on a $400,000 home in Taos County?
Roughly $1,320 a year at the county effective rate of 0.33%.
Is Taos County expensive compared with the rest of New Mexico?
It ranks #26 of 26 New Mexico counties by effective property tax rate, and #2751 of 2,826 nationally. That is 0.39 points below the New Mexico average of 0.72%.
What does housing cost in Taos County?
The median home is worth $354,000 and median gross rent is $1,069 a month. Median household income is $58,908, which puts the home at 6.01 times annual income and rent at 21.78% of it.