McKinley County Property Tax Rate
New Mexico
McKinley County, New Mexico has an effective property tax rate of 2.00%, which is 117% higher than the national average of 0.92%. On a home valued at $78,700, homeowners pay approximately $1,574 per year in property taxes. McKinley County ranks #1 out of 33 counties in New Mexico for property tax rates.
$1,574
Per year
$78,700
2024 estimate
3.3%
Median income: $47,668
#1
of 33 counties in NM
Tax Breakdown
With Mortgage
$1,809
median annual tax
Without Mortgage
$1,128
median annual tax
Homeowners with a mortgage in McKinley County pay on average $681 more per year than those without. This difference often reflects how property tax escrow accounts in mortgaged homes capture the full tax obligation.
How McKinley County Compares
Top Counties in New Mexico
Historical Property Tax Trends
| Year | Median Tax | Median Home Value | Effective Rate |
|---|---|---|---|
| 2020 | $1,118 | $66,700 | 1.68% |
| 2021 | $1,171 | $67,100 | 1.75% |
| 2022 | $1,339 | $70,200 | 1.91% |
| 2023 | $1,362 | $72,100 | 1.89% |
| 2024 | $1,574 | $78,700 | 2.00% |
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates
New Mexico Property Tax Exemptions
Available to McKinley 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 McKinley County
Estimated Annual Property Tax
$6,000
$500/month · Rate: 2.00%
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Quick Facts
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Data Source: U.S. Census Bureau, 2024 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.