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County tax profile · 2026 · Census ACS + IRS data

Property Tax & Income in San Miguel County, New Mexico

San Miguel County has an effective property tax rate of 0.57%. On the median home value of $188,500, that's roughly $1,081 per year. Median household income is $49,431.

Effective Property Tax Rate1
0.57%
median tax $1,081 ÷ median home $188,500
Median Home Value1
$188,500
owner-occupied
Median Household Income1
$49,431
per-capita $29,632
Est. Annual Tax on Median Home1
$1,081
at 0.57% effective rate

What you'll pay, at a glance

Property taxes are the largest local tax most homeowners pay. The effective rate measures the real tax bill as a share of home value — a more useful number than the nominal “mill rate,” because assessment practices vary county to county.

MetricSan Miguel CountyNew Mexico (state context)
Effective property tax rate10.57%0.55%
Median home value1$188,500—
State income tax3top rate 5.90%top rate 5.90%
State sales tax37.68% combined7.68% combined

How this is calculated

The effective property tax rate is the median real-estate tax bill divided by the median home value — both for owner-occupied homes, from the U.S. Census Bureau's American Community Survey (ACS 5-year estimates)1. Median income is also from the ACS1. Federal and state income-tax figures use IRS2 and Tax Foundation3 data.

About San Miguel County, NM

San Miguel County’s effective property tax rate of 0.573% edges past New Mexico’s statewide median of 0.548%, placing it 15th among the state’s 33 counties. That ranking lands the county squarely in the middle of the pack within New Mexico, though the gap above the state figure is narrow. Against the national median of 0.794%, however, San Miguel County sits noticeably lower. A median home value of $188,500 translates into an annual real-estate tax bill of about $1,081, a figure shaped as much by the county’s housing prices as by its rate. With median household income at $49,431 and per-capita income of $29,632, the tax bill amounts to roughly 2.2% of household earnings. Communities such as Pecos, Ilfeld, and Ribera fall under this county’s tax structure, and the mid-tier state ranking signals a rate that is neither among New Mexico’s steepest nor its cheapest.

Frequently asked questions

What is the property tax rate in San Miguel County, NM?
The effective rate is 0.57% — meaning the median tax bill equals about 0.57% of the median home value.
How much are property taxes on a median home?
On the median home ($188,500), the estimated annual bill is about $1,081.
Is San Miguel County's rate high or low?
Compare it to the state median of 0.55% and the national average near 1.1%.
How does the effective rate differ from my mill rate?
A mill rate is the nominal levy per $1,000 of assessed value. The effective rate reflects what you actually pay after exemptions and assessments — it's the median tax bill as a share of median home value, so it better predicts your real cost.
Will a reassessment raise my tax bill?
Not necessarily. If your home's assessed value rises, your bill can go up, but only if the mill rate and exemptions stay flat. Contact the San Miguel County assessor's office to review your current assessment.
Can I appeal my property tax assessment?
Yes. Most counties allow an appeal when you believe the assessed value exceeds the market value. File with the San Miguel County assessor within the local deadline, typically with comparable sales as evidence.
Sources
[1] U.S. Census Bureau — ACS 5-Year (2023) — Median home value (B25077), median real-estate taxes (B25103), median household income (B19013), per-capita income (B19301).
[2] IRS — Statistics of Income — County income, AGI, and real-estate taxes paid.
[3] Tax Foundation — State income, sales, corporate, and estate/inheritance tax rates.