New Mexico calculators

New Mexico Property Tax Calculator

Compute a New Mexico property's annual tax bill under NMSA 1978 § 7-37-3 (assessment at one-third of full value) and § 7-36-21.3 (the residential 3% yield cap — New Mexico's analog to California Proposition 13, but at 3% per year instead of 2%). Models the § 7-37-5.1 Head-of-Household exemption ($2,000 reduction in taxable value), § 7-37-5.5 Veterans Exemption ($4,000), § 7-37-5.6 100% Disabled Veteran full exemption, § 7-37-7.1 Senior Valuation Freeze (age 65+ at the 2026 income limit of $34,400), and county mill levies for Bernalillo (Albuquerque), Doña Ana (Las Cruces), Sandoval (Rio Rancho), Santa Fe, and the major oil-county and rural jurisdictions.