← New Mexico tax rules›Property Tax

New Mexico Property Tax (2026)

Info: Property tax is administered by counties: assessors value property as of January 1 and mail valuation notices each spring, and the county treasurer bills from net taxable value, so rates vary by county and district.

InfoVerified Jul 16, 2026

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Property tax is administered by counties: assessors value property as of January 1 and mail valuation notices each spring, and the county treasurer bills from net taxable value, so rates vary by county and district. Exemptions are available for qualifying homeowners.

Official source: tax.newmexico.gov →

General legal information, not legal advice — verify important decisions with a licensed attorney.

Property Tax in states bordering New Mexico

The same rule in each neighboring state LawLert has verified, from that state’s own official source.

ArizonaInfo
No statewide property tax rate — Arizona property is classified and valued by each of the 15 county assessors and taxed at locally set rates to fund local governments, schools, and special districts (AZDOR centrally values utilities, mines, railroads, and airlines). Appeals, exemptions, and relief are handled at the county level; effective rates vary by county.
Verified Jul 3, 2026 · Source: azdor.gov · Full Arizona rule →
ColoradoInfo
Local-only tax — revenue funds schools, county government and special districts (none goes to state services). Tax = actual value x assessment rate x local mill levies. 2026 residential assessment rates: 6.8% (local government) and 7.05% (school district); most commercial 25-26%. County assessors revalue real property every odd-numbered year; senior and disabled-veteran exemptions available.
Verified Jul 6, 2026 · Source: dpt.colorado.gov · Full Colorado rule →
OklahomaInfo
County-administered ad valorem tax: the county assessor values real property at fair cash value and applies the county assessment percentage (set under Okla. Const. art. X, §8); millage rates vary by county and school district. Overseen by the Oklahoma Tax Commission Ad Valorem Division.
Verified Jul 17, 2026 · Source: oklahoma.gov · Full Oklahoma rule →
TexasInfo
Texas levies no state property tax - the Comptroller neither collects property tax nor sets rates. Property is appraised by local appraisal districts and taxed by local units (school districts, counties, cities, special districts), which set the rates. Questions go to your local appraisal district or tax assessor-collector.
Verified Jul 19, 2026 · Source: comptroller.texas.gov · Full Texas rule →
UtahInfo
Locally assessed by county assessors with Tax Commission oversight under the certified-tax-rate process. A primary residence (plus up to one acre) is exempt on 45% of fair market value, so tax applies to only 55% (Utah Const. art. XIII sec. 3); rates vary by the taxing entities where the property sits. Bills and payments are handled by county officials.
Verified Jul 19, 2026 · Source: tax.utah.gov · Full Utah rule →

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