Edgewood, Bernalillo County, New Mexico Property Taxes
Property Taxes in Edgewood, New Mexico
Median Edgewood, New Mexico effective property tax rate: 0.90%, significantly lower than the national median of 1.02%, and slightly higher than the New Mexico state median of 0.85%.
Median Edgewood, New Mexico home value: $88,340
Median annual Edgewood, New Mexico tax bill: $1,713, lower than the national median property tax bill of $2,400.
How are property taxes in Bernalillo calculated?
Property taxes in Edgewood, 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 Edgewood's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Edgewood, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Edgewood, Bernalillo County, New Mexico Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.9%
Estimate Property Tax Bill
$795
$738
How Does the Edgewood Property Tax Calculator Work?
Use this Edgewood property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Edgewood's median effective tax rate of 0.90% — 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 Edgewood'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 Edgewood: rates range from 0.90% in 87015 to 0.90% in 87015, 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 Edgewood.
About Edgewood Property Taxes
About Property Taxes in Edgewood, Bernalillo, New Mexico
Edgewood’s median effective property tax rate of 0.90% is lower than the New Mexico state median of 0.85% and lower 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 Edgewood. Homeowners in the 87015 ZIP code carry a median effective rate of 0.90%, while those in the same ZIP code pay 0.90%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Bernalillo County. Understanding which part of Edgewood you live in can make a meaningful difference to your annual tax bill.
Edgewood 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 Edgewood, 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 Edgewood'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 Edgewood Tax Rate
0.90%
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
1.02%
Property Tax Rates Across Edgewood, Bernalillo County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87015 | 0.87% | 0.89% | 0.90% | 0.92% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Edgewood, Bernalillo County, New Mexico
When examining property taxes in Edgewood, 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 assessor 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 are sent in April each year, and property owners typically receive them by the middle of the month. Each notice includes both the market value and assessed value, along with an estimate of your property tax bill.
For example, the median home price in Edgewood is $88,340, with a median tax bill of $1,713. The highest median home price is in 87015 at $88,340. The median tax bill in Edgewood is below the national median property tax bill of $2,400.
Property Tax Assessment Values Across Edgewood, Bernalillo County, New Mexico
Source: Ownwell
$88,340
$306,018
$523,696
Median Edgewood Market Value
$88,340
Median Bernalillo County Market Value
$179,853
Median New Mexico Market Value
$129,686
Median United States Market Value
$235,294
Property Tax Assessment Values Across Edgewood, Bernalillo County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87015 | $5,420 | $19,975 | $88,340 | $233,518 | $340,644 |
Source: Ownwell
Property Tax Bills Across Edgewood, Bernalillo County, New Mexico
Property tax bills in Edgewood are based on the assessed value of a home, not its market price alone. Local taxing authorities apply the property tax rate to that assessed value to determine the annual bill, and the amount can vary depending on exemptions, local levies, and changes in assessment.
With a median home price of $88,340, homeowners in Edgewood often see bills that reflect a relatively modest tax base compared with many parts of the country. The 25th percentile tax bill is $667, while the 75th percentile reaches $2,488 and the 90th percentile climbs to $3,393. The median tax bill in the highest and lowest ZIP code listed is $1,713 in 87015.
For homeowners, this means property taxes can have a meaningful impact on monthly housing costs and long-term affordability. Even when home values stay stable, a higher assessment or local rate change can raise the bill.
Median Edgewood Tax Bill
$1,713
Median Bernalillo County Tax Bill
$2,681
Median New Mexico Tax Bill
$1,249
Median United States Tax Bill
$2,400
Property Tax Bills Across Edgewood, Bernalillo County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87015 | $297 | $667 | $1,713 | $2,488 | $3,393 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 1 |
Links | |
|---|---|
| Bernalillo Tax Assessor | |
| Website | assessor.bernco.gov |