Property Tax in Chaves County
via TaxByCounty
Chaves taxes exceed national median by 8.4 percent
Chaves County's effective tax rate of 0.645% runs above the national median of 0.595%, placing it slightly above average nationally. The median property tax of $915 is just one-third of the national median of $2,690, reflecting Chaves' lower median home values of $141,900.
Chaves ranks in the middle of state rates
Chaves County's 0.645% effective rate stands about 8% above the New Mexico average of 0.595%, positioning it firmly in the state's mid-range. The median tax of $915 approaches the state average of $1,043, reflecting modest tax obligations within New Mexico.
Chaves sits between rural and moderate-tax counties
Chaves County's 0.645% rate falls between Catron's low 0.339% and Cibola's higher 0.819%, reflecting its mid-range position in regional tax competition. Its median home value of $141,900 is among the region's lowest, keeping absolute tax bills manageable.
A $141,900 home costs $915 annually
The typical Chaves County homeowner with a median-valued property of $141,900 pays approximately $915 in annual property taxes. Those with mortgages pay more due to escrow, averaging around $1,171 per year.
Assessment appeals can offset rate increases
Many Chaves County homeowners may be overassessed and should explore appealing their property valuations to reduce tax liability. Even modest assessment reductions can yield meaningful annual savings in a county where absolute tax bills remain relatively modest.