What is the property tax rate in Santa Fe, NM?

Santa Fe has an estimated effective property tax rate of 0.50%. On a median home valued at $411,500, homeowners pay approximately $2,055 per year in property taxes.

How does Santa Fe compare to Santa Fe County?

Santa Fe's effective rate of 0.50% is 4% higher than the Santa Fe County average of 0.48%. The county-wide median annual tax is $2,152, while Santa Fe homeowners pay an estimated $2,055.

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

Based on Santa Fe's effective rate of 0.50%, property taxes on a $300,000 home would be approximately $1,500 per year, or about $125 per month.

Santa Fe Property Tax Rate

Santa Fe County, New Mexico

0.50%effective rate

Santa Fe is located in Santa Fe County, New Mexico. Homeowners in Santa Fe pay a median of $2,055 per year in property taxes on a home valued at $411,500, resulting in an effective tax rate of 0.50%. This is 4% higher than the Santa Fe County average of 0.48%.

Effective Tax Rate🏠

0.50%

vs 0.48% county avg

Est. Annual Tax💰

$2,055

Per year

Median Home Value📊

$411,500

2024 estimate

Population📍

88,224

Santa Fe, NM

How Santa Fe Compares

Santa Fe

0.50%

Santa Fe County Average

0.48%

New Mexico Average

0.70%

National Average

0.92%

About Property Taxes in Santa Fe

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

Property Tax Calculator

Estimate your annual property tax in Santa Fe

Home Value

$50k$2M

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

Estimated Annual Property Tax

$1,500

$125/month · Rate: 0.50%

Santa Fe County Property Taxes

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

View county details →

New Mexico Property Taxes

Statewide rates, all 33 counties, and exemptions.

View state details →

Think your property tax is too high?

Homeowners save an average of $1,148/year by appealing their assessment.

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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.