Bernalillo County Property Tax Rate
New Mexico · 2023 Data
Bernalillo County, New Mexico has an effective property tax rate of 0.95%, which is equal to the national average of 0.95%. On a home valued at $268,500, homeowners pay approximately $2,544 per year in property taxes. Bernalillo County ranks #2 out of 33 counties in New Mexico for property tax rates.
$2,544
Per year
$268,500
2023 estimate
3.82%
Median income: $66,514
#2
of 33 counties in NM
Tax Breakdown
With Mortgage
$2,607
median annual tax
Without Mortgage
$2,427
median annual tax
Homeowners with a mortgage in Bernalillo County pay on average $180 more per year than those without. This difference often reflects how property tax escrow accounts in mortgaged homes capture the full tax obligation.
How Bernalillo County Compares
Top Counties in New Mexico
Historical Property Tax Trends
| Year | Median Tax | Median Home Value | Effective Rate |
|---|---|---|---|
| 2019 | $2,128 | $199,300 | 1.07% |
| 2020 | $2,179 | $205,500 | 1.06% |
| 2021 | $2,273 | $216,200 | 1.05% |
| 2022 | $2,459 | $247,300 | 0.99% |
| 2023 | $2,544 | $268,500 | 0.95% |
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates
New Mexico Property Tax Exemptions
Available to Bernalillo County homeowners
Head of Household
$2,000 reduction in assessed value
Heads of household occupying primary residence
Over 65
Assessed value frozen at current level
Homeowners age 65+ with modified gross income under $32,000
Disabled Veteran
100% exemption for totally disabled veterans (up to specified value)
Veterans with 100% permanent service-connected disability
Property Tax Calculator
Estimate your annual property tax in Bernalillo County
Estimated Annual Property Tax
$2,850
$238/month · Rate: 0.95%
Nearby Counties
Quick Facts
Think your property tax is too high?
Homeowners save an average of $1,148/year by appealing their assessment.
Learn How to Appeal →Frequently Asked Questions
Data Source: U.S. Census Bureau, 2023 American Community Survey 5-Year Estimates. Effective tax rates are calculated by dividing median real estate taxes paid by median home value. Actual property tax rates may vary based on local taxing jurisdictions, exemptions, and assessment practices. This information is for general reference only and should not be used as a substitute for professional tax advice.