What is the property tax rate in Farmington, NM?

Farmington has an estimated effective property tax rate of 0.60%. On a median home valued at $225,400, homeowners pay approximately $1,361 per year in property taxes.

How does Farmington compare to San Juan County?

Farmington's effective rate of 0.60% is 12% lower than the San Juan County average of 0.68%. The county-wide median annual tax is $1,317, while Farmington homeowners pay an estimated $1,361.

How much are property taxes in Farmington on a $300,000 home?

Based on Farmington's effective rate of 0.60%, property taxes on a $300,000 home would be approximately $1,800 per year, or about $150 per month.

Farmington Property Tax Rate

San Juan County, New Mexico

0.60%effective rate

Farmington is located in San Juan County, New Mexico. Homeowners in Farmington pay a median of $1,361 per year in property taxes on a home valued at $225,400, resulting in an effective tax rate of 0.60%. This is 12% lower than the San Juan County average of 0.68%.

Effective Tax Rate🏠

0.60%

vs 0.68% county avg

Est. Annual Tax💰

$1,361

Per year

Median Home Value📊

$225,400

2024 estimate

Population📍

46,339

Farmington, NM

How Farmington Compares

Farmington

0.60%

San Juan County Average

0.68%

New Mexico Average

0.70%

National Average

0.92%

About Property Taxes in Farmington

Property taxes in Farmington are collected by San Juan County. Tax exemptions available to San Juan County residents — including homestead, senior, and disability exemptions — also apply to homeowners in Farmington. For detailed information on available exemptions and the county tax collector, see the San Juan County property tax page.

Property Tax Calculator

Estimate your annual property tax in Farmington

Home Value

$50k$2M

Apply homestead exemption ($100,000 school tax reduction)

Estimated Annual Property Tax

$1,800

$150/month · Rate: 0.60%

San Juan County Property Taxes

County-level data, exemptions, historical trends, and tax collector info.

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New Mexico Property Taxes

Statewide rates, all 33 counties, and exemptions.

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Think your property tax is too high?

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Frequently Asked Questions

Data Source: U.S. Census Bureau, 2024 American Community Survey 5-Year Estimates. City-level tax data is derived from Census place-level statistics. 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.