Los Lunas, Valencia County, New Mexico Property Taxes
Property Taxes in Los Lunas, New Mexico
Median Los Lunas, New Mexico effective property tax rate: 0.83%, significantly lower than the national median of 1.02%, and lower than the New Mexico state median of 0.85%.
Median Los Lunas, New Mexico home value: $25,479
Median annual Los Lunas, New Mexico tax bill: $238, $2,162 lower than the national median property tax bill of $2,400.
How are property taxes in Valencia calculated?
Property taxes in Los Lunas, 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 Los Lunas's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Los Lunas, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Los Lunas, Valencia County, New Mexico Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.83%
Estimate Property Tax Bill
$211
$196
How Does the Los Lunas Property Tax Calculator Work?
Use this Los Lunas property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Los Lunas's median effective tax rate of 0.83% — based on actual property records in Valencia County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessor uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Los Lunas'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 Los Lunas: rates range from 0.83% in 87031 to 0.83% in 87031, 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 Los Lunas.
About Los Lunas Property Taxes
About Property Taxes in Los Lunas, Valencia, New Mexico
Los Lunas's median effective property tax rate of 0.83% is lower than the New Mexico state median of 0.85% and lower than the national median of 1.02%. This rate reflects the Valencia 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 Los Lunas. Homeowners in the 87031 ZIP code carry a median effective rate of 0.83%, while those in 87031 pay 0.83%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Valencia County. Understanding which part of Los Lunas you live in can make a meaningful difference to your annual tax bill.
Los Lunas 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 Los Lunas, Valencia 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 Los Lunas'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 Ă· 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 Los Lunas Tax Rate
0.83%
Our median effective property tax rate (tax bill Ă· 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 Valencia County Tax Rate
0.83%
Median Effective New Mexico Tax Rate
0.85%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Los Lunas, Valencia County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87031 | 0.76% | 0.81% | 0.83% | 0.99% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Los Lunas, Valencia County, New Mexico
When examining property taxes in Los Lunas, 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 Valencia 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 Valencia County are sent in the spring each year and typically reach your mailbox by the middle of the month. 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.
For example, the median home price in Los Lunas is $25,479, with tax bills ranging across the county. Zip code 87031 has the highest median home price at $25,479. The median tax bill is $238, far below the national median property tax bill of $2,400 and the national median property tax rate of 1.02%.
Property Tax Assessment Values Across Los Lunas, Valencia County, New Mexico
Source: Ownwell
$17,311
$50,876
$84,440
Median Los Lunas Market Value
$25,479
Median Valencia County Market Value
$28,576
Median New Mexico Market Value
$129,686
Median United States Market Value
$235,294
Property Tax Assessment Values Across Los Lunas, Valencia County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87031 | $4,481 | $16,391 | $25,479 | $77,910 | $134,921 |
Source: Ownwell
Property Tax Bills Across Los Lunas, Valencia County, New Mexico
Property tax bills in Los Lunas are calculated from the assessed value of a home, not its market price, and the local tax rate applied to that assessment. For homeowners, this means the final bill depends on both how the property is valued and the tax rate set for the area. In Valencia County, the median home price is $25,479, which helps show why even modest changes in assessed value can affect what a homeowner owes.
The typical property tax bill in Los Lunas is relatively low compared with the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. Local bills vary, with the 25th percentile at $136, the 75th percentile at $717, and the 90th percentile at $1,381. That range shows how property taxes can differ from one homeowner to another based on the assessed value of the home and other local factors.
Median Los Lunas Tax Bill
$238
Median Valencia County Tax Bill
$265
Median New Mexico Tax Bill
$1,249
Median United States Tax Bill
$2,400
Property Tax Bills Across Los Lunas, Valencia County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87031 | $35 | $136 | $238 | $717 | $1,381 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 1 |
Links | |
|---|---|
| Valencia Tax Assessor | |
| Website | valenciacountynm-assessorweb.tylerhost.net |