Property Tax & Income in Union County, New Mexico
Union County has an effective property tax rate of 0.70%. On the median home value of $122,700, that's roughly $859 per year. Median household income is $46,694.
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.
| Metric | Union County | New Mexico (state context) |
|---|---|---|
| Effective property tax rate1 | 0.70% | 0.55% |
| Median home value1 | $122,700 | — |
| State income tax3 | top rate 5.90% | top rate 5.90% |
| State sales tax3 | 7.68% combined | 7.68% 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 Union County, NM
Union County's effective property tax rate of 0.700% lands above New Mexico's statewide median of 0.548%, placing it sixth among the state's 33 counties. That gap signals a heavier reliance on property taxes here than in much of the state. Against the national median of 0.794%, however, the county sits below average. A median home value of $122,700 produces an annual tax bill of about $859, a figure shaped as much by lower home prices as by the rate itself. Households earning a median of $46,694, with per-capita income at $38,234, carry that bill against incomes that are not especially high. Communities such as Des Moines, Folsom, and Grenville anchor this rural county, where property taxes weigh somewhat more than they do across New Mexico overall but less than in many parts of the country.