Property Taxes in Albuquerque, New Mexico
Median Albuquerque, New Mexico effective property tax rate: 1.37%, significantly higher than the national median of 1.02%, and higher than the New Mexico state median of 0.85%.
Median Albuquerque, New Mexico home value: $179,495
Median annual Albuquerque, New Mexico tax bill: $2,685, $285 higher than the national median property tax bill of $2,400.
How are property taxes in Bernalillo calculated?
Property taxes in Albuquerque, New Mexico are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Albuquerque's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Albuquerque, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Albuquerque Property Tax Calculator Work?
Use this Albuquerque property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Albuquerque's median effective tax rate of 1.37% — based on actual property records in Bernalillo County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Albuquerque's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Albuquerque: rates range from $1509.00 in 87105 to $5933.00 in 87122, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Albuquerque.
About Albuquerque Property Taxes
About Property Taxes in Albuquerque, Bernalillo, New Mexico
Albuquerque's median effective property tax rate of 1.37% is higher than the New Mexico state median of 0.85% and higher than the national median of 1.02%. This rate reflects the Bernalillo County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Albuquerque. Homeowners in the 87104 ZIP code carry a median effective rate of 1.57%, while those in 87122 pay 1.03%. This spread — 0.54 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Bernalillo County. Understanding which part of Albuquerque you live in can make a meaningful difference to your annual tax bill.
Albuquerque homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the May 1, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Albuquerque, Bernalillo County, New Mexico
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Albuquerque's effective property tax rate to other cities in New Mexico and the median property tax rates in New Mexico and the U.S.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Albuquerque Tax Rate
1.37%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Bernalillo County Tax Rate
1.37%
Median Effective New Mexico Tax Rate
0.85%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Albuquerque, Bernalillo County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87102 | 1.31% | 1.41% | 1.52% | 1.61% | 1.61% |
| 87104 | 1.50% | 1.54% | 1.57% | 1.59% | 1.61% |
| 87105 | 1.03% | 1.17% | 1.20% | 1.34% | 1.55% |
| 87106 | 1.34% | 1.36% | 1.38% | 1.41% | 1.41% |
| 87107 | 1.20% | 1.50% | 1.56% | 1.58% | 1.61% |
| 87108 | 1.31% | 1.34% | 1.36% | 1.38% | 1.41% |
| 87109 | 1.34% | 1.36% | 1.38% | 1.41% | 1.41% |
| 87110 | 1.33% | 1.35% | 1.36% | 1.38% | 1.41% |
| 87111 | 1.35% | 1.37% | 1.38% | 1.39% | 1.41% |
| 87112 | 1.34% | 1.35% | 1.36% | 1.38% | 1.41% |
| 87113 | 1.03% | 1.36% | 1.38% | 1.39% | 1.41% |
| 87114 | 1.01% | 1.31% | 1.37% | 1.38% | 1.54% |
| 87120 | 1.34% | 1.36% | 1.37% | 1.41% | 1.41% |
| 87121 | 1.03% | 1.32% | 1.34% | 1.36% | 1.41% |
| 87122 | 1.02% | 1.02% | 1.03% | 1.38% | 1.39% |
| 87123 | 1.32% | 1.35% | 1.37% | 1.41% | 1.43% |
| 87101 | N/A | N/A | N/A | N/A | N/A |
| 87124 | N/A | N/A | N/A | N/A | N/A |
| 87195 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Albuquerque, Bernalillo County, New Mexico
When examining property taxes in Albuquerque, New Mexico, understanding the distinction between "market value" and "assessed value" is crucial.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Bernalillo County appraisal district estimates the market value for tax purposes.
The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
In Bernalillo County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of April.
Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Albuquerque.
For example, the median home price in Albuquerque is $179,495, with tax bills ranging significantly across the county. 87122 has the highest median home price at $523,696.
Property Tax Assessment Values Across Albuquerque, Bernalillo County, New Mexico
Source: Ownwell
$88,340
$306,018
$523,696
Median Albuquerque Market Value
$179,495
Median Bernalillo County Market Value
$179,853
Median New Mexico Market Value
$129,686
Median United States Market Value
$274,101
Property Tax Assessment Values Across Albuquerque, Bernalillo County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87102 | $64,093 | $87,924 | $126,658 | $182,826 | $244,879 |
| 87104 | $20,000 | $121,875 | $184,356 | $276,990 | $446,091 |
| 87105 | $5,000 | $30,401 | $99,492 | $143,014 | $205,151 |
| 87106 | $59,100 | $148,737 | $210,361 | $282,117 | $362,412 |
| 87107 | $14,300 | $107,637 | $160,050 | $244,326 | $358,228 |
| 87108 | $42,385 | $101,950 | $148,718 | $213,236 | $294,281 |
| 87109 | $10,800 | $67,300 | $191,270 | $248,122 | $325,201 |
| 87110 | $108,903 | $144,390 | $186,493 | $231,739 | $289,470 |
| 87111 | $159,653 | $202,452 | $252,404 | $359,104 | $522,365 |
| 87112 | $128,082 | $150,892 | $183,449 | $230,686 | $309,076 |
| 87113 | $6,600 | $63,050 | $200,000 | $302,843 | $389,761 |
| 87114 | $99,905 | $172,044 | $217,889 | $274,633 | $341,027 |
| 87120 | $123,135 | $156,260 | $199,256 | $270,997 | $375,013 |
| 87121 | $4,400 | $11,200 | $103,993 | $138,815 | $176,326 |
| 87122 | $312,132 | $407,876 | $523,696 | $666,307 | $820,108 |
| 87123 | $4,600 | $16,200 | $152,289 | $233,645 | $326,947 |
| 87101 | N/A | N/A | N/A | N/A | N/A |
| 87124 | N/A | N/A | N/A | N/A | N/A |
| 87195 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Albuquerque, Bernalillo County, New Mexico
How are property tax bills calculated in Albuquerque?
Property tax bills in Albuquerque are based on the assessed value of a home and the local tax rate set by Bernalillo County and other taxing authorities. The assessed value is tied to the market value of the property, so changes in home prices can affect what homeowners owe. Factors such as location, neighborhood, and the value of nearby homes can influence the assessment.
The median home price in Albuquerque is $179,495, and property tax bills vary widely across the city. The 25th percentile tax bill is $1,884, while the 75th percentile is $3,838. For higher-value homes, the 90th percentile tax bill reaches $5,575. By comparison, the national median property tax rate is 1.02% and the national median property tax bill is $2,400.
For homeowners, this means a higher assessed value can lead to a larger tax bill, even if their income stays the same. Property taxes are a major part of housing costs, so understanding how they are calculated can help homeowners anticipate changes and plan ahead.
Property Tax Bills Across Albuquerque, Bernalillo County, New Mexico
Source: Ownwell
$1,509
$3,721
$5,933
Median Albuquerque Tax Bill
$2,685
Median Bernalillo County Tax Bill
$2,681
Median New Mexico Tax Bill
$1,249
Median United States Tax Bill
$3,209
Property Tax Bills Across Albuquerque, Bernalillo County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87102 | $955 | $1,332 | $2,013 | $2,997 | $4,189 |
| 87104 | $1,615 | $2,224 | $3,179 | $4,863 | $7,365 |
| 87105 | $654 | $1,084 | $1,509 | $2,152 | $3,148 |
| 87106 | $1,317 | $2,168 | $2,991 | $4,102 | $5,387 |
| 87107 | $1,388 | $1,942 | $2,690 | $4,131 | $5,919 |
| 87108 | $1,101 | $1,532 | $2,142 | $3,100 | $4,254 |
| 87109 | $1,030 | $2,127 | $2,837 | $3,650 | $4,733 |
| 87110 | $1,505 | $1,973 | $2,577 | $3,244 | $4,163 |
| 87111 | $2,124 | $2,743 | $3,468 | $5,016 | $7,342 |
| 87112 | $1,686 | $2,042 | $2,509 | $3,226 | $4,436 |
| 87113 | $1,105 | $1,936 | $3,369 | $4,477 | $5,696 |
| 87114 | $1,641 | $2,368 | $3,049 | $3,910 | $4,959 |
| 87120 | $1,640 | $2,104 | $2,725 | $3,800 | $5,548 |
| 87121 | $930 | $1,343 | $1,718 | $2,130 | $2,726 |
| 87122 | $3,847 | $4,802 | $5,933 | $7,381 | $9,135 |
| 87123 | $1,571 | $2,017 | $2,693 | $4,071 | $5,449 |
| 87101 | N/A | N/A | N/A | N/A | N/A |
| 87124 | N/A | N/A | N/A | N/A | N/A |
| 87195 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 1 |
Links | |
|---|---|
| Bernalillo Tax Assessor | |
| Website | assessor.bernco.gov |