Property Tax in Lea County
via TaxByCounty
Lea County taxes run far below the nation
Lea County's effective tax rate of 0.468% ranks in the bottom 25% of U.S. counties by tax burden. The median property tax of $824 represents less than 31% of the national median of $2,690.
Below-average rate for New Mexico
Lea County's 0.468% effective rate falls below New Mexico's state average of 0.595%. With a median property tax of $824, Lea homeowners pay roughly $220 less annually than the statewide median of $1,043.
Mid-range among southeast New Mexico
Lea County's 0.468% rate sits between Grant County's 0.460% (lowest) and Eddy County's 0.499% in the southeast region. All three counties cluster in the state's lower-tax tier.
Lea homeowner pays $824 yearly
With a median home value of $176,000 and a 0.468% effective rate, the typical Lea County homeowner pays $824 annually in property tax. Homeowners with mortgages pay $1,439 (including escrow), while those without mortgages pay $555.
Check your assessment against comparable homes
Even in Lea County's affordable tax environment, some homeowners may be overassessed. Review your property's assessed value against recent sales of similar homes nearby—if yours seems high, filing an appeal could lower your bill.