Albuquerque, NM Property Tax Calculator
Estimate property tax for a home in Albuquerque, NM. Homes in Albuquerque are assessed by Bernalillo County, where the effective property tax rate runs about 0.84% of market value — so a median-priced Albuquerque home of $330,000 generates roughly $2,772 in annual property tax. Enter your specific home value below for a custom estimate.
Annual Tax
$2,772
0.84% of $330,000
Monthly Tax
$231
Typically escrowed with your mortgage
State Rank
#35 of 51
Highest rate = #1
vs. National Average
Highest property tax states
- New Jersey2.49%
- Illinois2.23%
- New Hampshire2.18%
- Connecticut2.15%
- Vermont1.90%
Lowest property tax states
- Hawaii0.32%
- Alabama0.41%
- Colorado0.55%
- Louisiana0.56%
- District of Columbia0.57%
These are state-level averages. Individual counties and cities can vary significantly — a home in Austin's urban core may have a far higher effective rate than the Texas state average, for example. For the most accurate estimate, get the exact millage rate from your county assessor and override the rate field above.
How to use it
A two-minute guide.
The Home Value field is pre-filled with Albuquerque's median home value of $330,000. Override with your actual home's market value for a specific estimate — your tax bill scales linearly with home value.
The rate is pre-filled with Bernalillo County's effective rate of 0.84% — the county-level average for owner-occupied homes, which is more precise than New Mexico's statewide average of 0.80%. Individual school districts and special taxing zones within Albuquerque still shift the exact figure — if you know the rate from your latest tax bill, override it for the most precise estimate.
You'll see your estimated annual property tax, the monthly amount (which is typically escrowed with your mortgage payment), and a comparison to other states.
How it works
The math behind the result.
How Albuquerque's tax bill works out. Homes in Albuquerque are assessed and billed through Bernalillo County. The effective rate there averages about 0.84% of market value — right around New Mexico's statewide average. On Albuquerque's median home value of $330,000, that's approximately $2,772/year, or $231/month when escrowed with your mortgage.
How assessment works in New Mexico. County assessors value homes annually; taxable value is one-third of assessed value, and a 3% annual cap limits valuation increases on residential property until it sells.
Exemptions worth claiming. The head-of-family exemption removes $2,000 of taxable value; veterans and 100% disabled veterans receive larger exemptions; low-income seniors can freeze their valuation. Exemptions are the most common reason two identical Albuquerque homes pay different tax bills — make sure yours are on file with Bernalillo County.
What property tax actually pays for. In Albuquerque — like the rest of New Mexico — property tax funds local schools, public safety (police, fire), road maintenance, parks, libraries, and county government. Most of your bill stays in your county and school district.
Comparing to other states. Effective rates vary enormously across the US — from about 0.3% in Hawaii to nearly 2.5% in New Jersey. Albuquerque's 0.84% puts it in the lower third nationally.
Questions
Frequently asked.
Buying in Albuquerque? Estimate your full mortgage payment with our Albuquerque Mortgage Calculator. Or see how New Mexico property tax rates compare across the state with our New Mexico Property Tax Calculator.
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