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County tax profile · 2026 · Census ACS + IRS data

Property Tax & Income in Valencia County, New Mexico

Valencia County has an effective property tax rate of 0.62%. On the median home value of $223,000, that's roughly $1,374 per year. Median household income is $58,933.

Effective Property Tax Rate1
0.62%
median tax $1,374 ÷ median home $223,000
Median Home Value1
$223,000
owner-occupied
Median Household Income1
$58,933
per-capita $30,718
Est. Annual Tax on Median Home1
$1,374
at 0.62% 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.

MetricValencia CountyNew Mexico (state context)
Effective property tax rate10.62%0.55%
Median home value1$223,000—
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 Valencia County, NM

In Valencia County, New Mexico, the median home value of $223,000 carries an annual property tax bill of about $1,374, based on an effective rate of 0.616%. That's higher than New Mexico's statewide median rate of 0.548%, and it ranks 9th among the state's 33 counties. Nationally, though, the picture looks different: the U.S. median effective rate sits at 0.794%, so Valencia County taxes fall below that benchmark. Households here earn a median of $58,933, with per-capita income at $30,718, which shapes how buyers in Los Lunas and surrounding communities like Jarales and Peralta weigh their budgets. For someone comparing places to buy, the combination of moderate home prices and a tax rate that's above state average but below national average may make Valencia County worth a closer look, particularly for buyers who want lower sticker prices without the steepest tax bills.

Frequently asked questions

What is the property tax rate in Valencia County, NM?
The effective rate is 0.62% — meaning the median tax bill equals about 0.62% of the median home value.
How much are property taxes on a median home?
On the median home ($223,000), the estimated annual bill is about $1,374.
Is Valencia 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 Valencia 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 Valencia 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.