Bernalillo County, NM Property Tax Search
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In-depth Bernalillo County, NM Property Tax Information
Assess all the factors that determine a property's taxes with a detailed report like the sample below. Create a free account and review your selected property's tax rates, value assessments and more.
See detailed property tax information from the sample report for 737 florida St SE, Bernalillo County, NM
Property Tax Calculation
Property taxes in New Mexico are levied and collected locally by the counties. The Assessor values all tangible property for property tax purposes. Properties valued by the property tax code are: all real property, manufactured homes, business personal property and livestock.
Market Value
Market value, also referred to as assessed value, is the amount a property would sell for in a competitive and open market, presuming that both buyer and seller are knowledgeable about the sale, allow sufficient time for it, and are not affected by undue pressures (e.g. foreclosures and bankruptcy).
Assessed Value
The Assessor is responsible for establishing the assessed value of properties. They are calculated by multiplying a property's market value by a predetermined ratio. This predetermined ratio is currently set to 1/3 of a property's market value. The assessor refers to this as taxable value.
Exemptions and Net Taxable Value
Net taxable value represents the taxable value less any tax deductions that apply. Under New Mexico property tax law, there are two categories of individual property taxation exemptions, Head of Family and Veterans, and several categories of institutional and governmental exemptions.
We have no information about whether any exemptions currently apply to this property, therefore the taxable value is equal to the assessed value.
Property Tax
Property tax is calculated by multiplying the assessed value by the tax rates applicable to it and is an estimate of what an owner not benefiting of any exemptions and/or agricultural and grazing classification program would pay.
Actual taxes might differ from the figures displayed here due to various abatement and financial assistance programs. For more information please visit the web pages of Bernalillo County's Assessor, Treasurer or look up this property's current valuation and tax situation.
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Bernalillo County Stats for Property Taxes
For an easier overview of the difference in tax rates between counties, explore the charts below. You can also get additional insights on median home values, income levels and homeownership rates in your area.
Effective tax rate (%)
0.99% of Assessed Home Value
0.74% of Assessed Home Value
1.02% of Assessed Home Value
Median real estate taxes paid
$2,459
$1,588
$2,869
Median home value
$247,300
$216,000
$281,900
Median income
$62,220
$58,722
$75,149
Owner occupied housing (%)
63.4%
68.7%
64.8%
Renter occupied housing (%)
36.6%
31.3%
35.2%
Frequently Asked Questions on Property Taxes
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