San Miguel County, New Mexico Property Taxes
Property Taxes in San Miguel County, New Mexico
Median San Miguel County effective property tax rate: 0.77%, significantly lower than the national median of 1.02%.
Median San Miguel County home value: $77,569
Median annual San Miguel County tax bill: $876, $1,524 lower than the national median property tax bill of $2,400.
How are property taxes in San Miguel County calculated?
Property taxes in San Miguel County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in San Miguel County or another part of San Miguel County, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
San Miguel County, New Mexico Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.77%
Estimate Property Tax Bill
$597
$554
How Does the San Miguel County Property Tax Calculator Work?
Use this San Miguel County property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies San Miguel County's median effective tax rate of 0.77% to generate your estimate.
Enter your property's estimated assessed value — the figure the appraisal district assigns for tax purposes, which is typically lower than market value after applicable exemptions. Our calculator uses the median effective rate for a more accurate estimate than the statutory millage rate alone.
Your actual bill may vary based on your specific exemptions, local school district levies, and any special assessment districts that apply to your property. San Miguel County's median effective tax rate is lower than the 0.85% state median and the 1.02% national median property tax rate. The county's median property tax bill of $876 is also lower than the $2,400 national median property tax bill.
For a more precise estimate, scroll down to explore city and ZIP code-level tax rate trends across San Miguel County.
Property Tax Rates Across San Miguel County, New Mexico
What Are Effective Property Tax Rates Across San Miguel County?
Local government entities set tax rates, which vary widely across San Miguel County. Each year, the county estimates its budget for public services and divides that total by the assessed value of all taxable property within its jurisdiction.
Below, compare San Miguel County's effective property tax rate to other counties in New Mexico or the U.S. median of 1.02%.
San Miguel County's median effective rate stands at 0.77%, which is lower than the national median of 1.02%. Within San Miguel County, the highest rate is found in LAS VEGAS at 0.95%, while TERERRO has the lowest at 0.42%.
These variations reflect differences in local school district levies, special assessment districts assessments, and special district bonds — which compound the base county rate.
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 San Miguel County Tax Rate
0.77%
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 New Mexico Tax Rate
0.85%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across San Miguel County, New Mexico
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Conchas Dam | 0.74% | 0.74% | 0.74% | 0.74% | 0.74% |
| Garita | 0.76% | 0.77% | 0.78% | 0.80% | 0.82% |
| Glorieta | 0.42% | 0.42% | 0.42% | 0.44% | 0.45% |
| Ilfeld | 0.41% | 0.42% | 0.42% | 0.43% | 0.47% |
| Las Vegas | 0.74% | 0.77% | 0.95% | 0.98% | 1.00% |
| Montezuma | 0.66% | 0.74% | 0.75% | 0.75% | 0.78% |
| Pecos | 0.40% | 0.42% | 0.42% | 0.43% | 0.45% |
| Ribera | 0.68% | 0.75% | 0.77% | 0.78% | 0.81% |
| Rociada | 0.72% | 0.75% | 0.75% | 0.75% | 0.76% |
| Rowe | 0.39% | 0.42% | 0.42% | 0.44% | 0.48% |
| San Jose | 0.42% | 0.42% | 0.50% | 0.77% | 0.79% |
| Sapello | 0.70% | 0.73% | 0.75% | 0.76% | 0.81% |
| Serafina | 0.72% | 0.74% | 0.77% | 0.78% | 0.81% |
| Tererro | 0.42% | 0.42% | 0.42% | 0.42% | 0.45% |
| Villanueva | 0.67% | 0.74% | 0.77% | 0.77% | 0.77% |
| Anton Chico | N/A | N/A | N/A | N/A | N/A |
| Solano | N/A | N/A | N/A | N/A | N/A |
| Trementina | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across San Miguel County, New Mexico
When examining property taxes in San Miguel County, 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 San Miguel 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 San Miguel County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of May.
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 San Miguel County.
For example, the median tax bill in San Miguel County is $876, with tax bills ranging significantly across the county. Glorieta has the highest median home price at $234,344.
Property Tax Assessment Values Across San Miguel County, New Mexico
Source: Ownwell
$40,074
$137,209
$234,344
Median San Miguel County Market Value
$77,569
Median New Mexico Market Value
$129,686
Median United States Market Value
$235,294
Property Tax Assessment Values Across San Miguel County, New Mexico
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Conchas Dam | $6,194 | $17,092 | $40,074 | $85,676 | $159,336 |
| Garita | $23,637 | $27,654 | $47,924 | $65,331 | $66,448 |
| Glorieta | $58,706 | $173,957 | $234,344 | $298,928 | $470,442 |
| Ilfeld | $32,618 | $56,845 | $120,028 | $194,279 | $275,761 |
| Las Vegas | $5,054 | $17,330 | $73,339 | $139,561 | $210,460 |
| Montezuma | $30,861 | $48,078 | $85,090 | $167,350 | $277,184 |
| Pecos | $16,178 | $65,002 | $135,072 | $223,400 | $318,798 |
| Ribera | $14,979 | $35,959 | $80,960 | $157,693 | $275,246 |
| Rociada | $24,090 | $100,716 | $190,270 | $290,586 | $396,576 |
| Rowe | $34,927 | $79,889 | $175,088 | $254,039 | $315,160 |
| San Jose | $29,879 | $53,980 | $106,046 | $256,914 | $404,645 |
| Sapello | $8,157 | $40,378 | $125,980 | $212,681 | $347,447 |
| Serafina | $28,857 | $43,266 | $77,080 | $136,738 | $205,099 |
| Tererro | $44,425 | $67,722 | $124,204 | $233,833 | $575,340 |
| Villanueva | $11,473 | $28,296 | $46,394 | $109,570 | $174,697 |
| Anton Chico | N/A | N/A | N/A | N/A | N/A |
| Solano | N/A | N/A | N/A | N/A | N/A |
| Trementina | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across San Miguel County, New Mexico
Property tax bills in San Miguel County are based on the assessed value of a home, not its market price alone. Local taxing authorities apply their tax rates to that assessed value, so the final bill depends on both the property’s valuation and the combined rates set by the county and other local jurisdictions. Homes with higher assessed values generally face larger tax bills, while lower-valued properties pay less.
With a median home price of $77,569, many homeowners in the county see bills that are below the national median property tax bill of $2,400. The county’s tax burden varies widely: the 25th percentile tax bill is $458, the 75th percentile is $1,375, and the 90th percentile reaches $2,066. That range shows how location, property characteristics, and assessed value can significantly affect what a homeowner owes each year.
Median San Miguel County Tax Bill
$876
Median New Mexico Tax Bill
$1,249
Median United States Tax Bill
$2,400
Property Tax Bills Across San Miguel County, New Mexico
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Conchas Dam | $122 | $207 | $397 | $789 | $1,317 |
| Garita | $179 | $215 | $295 | $479 | $671 |
| Glorieta | $722 | $907 | $1,053 | $1,392 | $2,065 |
| Ilfeld | $147 | $271 | $550 | $853 | $1,252 |
| Las Vegas | $333 | $620 | $1,022 | $1,515 | $2,131 |
| Montezuma | $248 | $412 | $638 | $1,259 | $1,713 |
| Pecos | $221 | $387 | $658 | $1,031 | $1,456 |
| Ribera | $188 | $305 | $678 | $1,261 | $2,180 |
| Rociada | $508 | $964 | $1,595 | $2,233 | $3,028 |
| Rowe | $171 | $422 | $779 | $1,111 | $1,412 |
| San Jose | $221 | $320 | $597 | $1,195 | $2,225 |
| Sapello | $264 | $578 | $1,117 | $1,846 | $2,791 |
| Serafina | $264 | $386 | $730 | $1,131 | $1,669 |
| Tererro | $191 | $292 | $554 | $1,052 | $2,433 |
| Villanueva | $80 | $207 | $365 | $831 | $1,313 |
| Anton Chico | N/A | N/A | N/A | N/A | N/A |
| Solano | N/A | N/A | N/A | N/A | N/A |
| Trementina | 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 | |
|---|---|
| San Miguel Tax Assessor | |
| Website | erecording.smcounty.net |