Local costs · New Mexico
What a home costs across New Mexico
Property-tax rates, insurance, and closing costs vary widely by county. Below are the state-wide rules that apply everywhere in New Mexico, then every county with its own tax rate and insurance range.
Statewide facts
- Home insurance average
- About $1,322 per year for a standard HO-3 policy (NAIC 2022 state average). Individual counties run above or below this based on local hazard risk — see the table below.
- Transfer & recording tax
- New Mexico charges no state transfer or recording tax on a home purchase.
- Title insurance
- New Mexico uses state-set (promulgated) rates. Owner's-policy premiums are set by the state regulator, so we run the exact promulgated schedule.
- State income tax
- New Mexico income tax is modeled at about 2.58% effective for a married household at $100,000 (3.57% filing single). These are modeled effective rates from Tax Foundation 2026 brackets.
All 33 counties in New Mexico
Effective property-tax rate (Census ACS) and a typical annual insurance range at the state median home value. Select a county for the full breakdown.
| County | Property tax | Insurance / yr |
|---|---|---|
| Bernalillo County | 0.90% | $640–$1,440typical $990 |
| Catron County | 0.36% | $2,100–$4,680typical $3,230 |
| Chaves County | 0.60% | $700–$1,550typical $1,070 |
| Cibola County | 0.80% | $640–$1,440typical $990 |
| Colfax County | 0.52% | $1,940–$4,320typical $2,980 |
| Curry County | 0.59% | $1,220–$2,710typical $1,870 |
| De Baca County | 0.60% | $1,320–$2,940typical $2,030 |
| Doña Ana County | 0.67% | $640–$1,440typical $990 |
| Eddy County | 0.52% | $660–$1,480typical $1,020 |
| Grant County | 0.46% | $1,350–$3,020typical $2,080 |
| Guadalupe County | 0.48% | $940–$2,090typical $1,440 |
| Harding County | 0.44% | $1,200–$2,680typical $1,850 |
| Hidalgo County | 0.48% | $1,170–$2,610typical $1,800 |
| Lea County | 0.48% | $1,530–$3,420typical $2,360 |
| Lincoln County | 0.53% | $2,100–$4,680typical $3,230 |
| Los Alamos County | 0.55% | $850–$1,900typical $1,310 |
| Luna County | 0.54% | $640–$1,440typical $990 |
| McKinley County | 2.00% | $640–$1,440typical $990 |
| Mora County | 0.72% | $2,100–$4,680typical $3,230 |
| Otero County | 0.55% | $1,580–$3,520typical $2,430 |
| Quay County | 0.61% | $1,010–$2,250typical $1,550 |
| Rio Arriba County | 0.42% | $1,090–$2,440typical $1,680 |
| Roosevelt County | 0.45% | $2,100–$4,680typical $3,230 |
| San Juan County | 0.68% | $640–$1,440typical $990 |
| San Miguel County | 0.57% | $1,460–$3,250typical $2,240 |
| Sandoval County | 0.73% | $640–$1,440typical $990 |
| Santa Fe County | 0.48% | $1,050–$2,350typical $1,620 |
| Sierra County | 0.52% | $640–$1,440typical $990 |
| Socorro County | 0.61% | $1,030–$2,310typical $1,590 |
| Taos County | 0.29% | $1,130–$2,520typical $1,740 |
| Torrance County | 0.45% | $940–$2,100typical $1,450 |
| Union County | 0.70% | $1,860–$4,150typical $2,860 |
| Valencia County | 0.62% | $640–$1,440typical $990 |
* Property-tax rate is approximate because the county’s Census median is top-coded.
How these numbers are built
Every figure comes from public data or our own math: Census ACS property taxes, NAIC insurance averages scaled by FEMA risk, and researched transfer-tax and title schedules.
Estimates, not advice. See the methodology for sources, vintages, and the honest gaps.