Property Tax in Socorro County
via TaxByCounty
Socorro taxes well below national median
Socorro County's effective tax rate of 0.553% sits well below the national median of 0.79%, placing it in the bottom third of U.S. counties. With a median property tax of just $792 on homes valued at $143,200, Socorro residents pay about 71% less than the national median of $2,690.
Below-average taxes for New Mexico
Socorro County's 0.553% rate runs slightly below New Mexico's state average of 0.595%, landing it in the lower-middle tier of state counties. The median tax bill of $792 is roughly 24% below the state average of $1,043, typical for rural New Mexico counties.
Socorro comparable to other rural counties
Socorro's 0.553% rate closely mirrors San Miguel (0.558%) and Sierra (0.548%), creating a cohesive group of low-tax rural counties. All three substantially undercut Sandoval County (0.760%) and offer meaningful savings compared to higher-value markets like Santa Fe.
Budget approximately $792 annually
On Socorro's median home value of $143,200, the effective tax rate of 0.553% results in about $792 per year in property taxes. Homeowners with mortgages typically pay $1,303 annually due to assessment variations, while those without mortgages pay closer to $662.
Low taxes don't preclude appeal opportunities
Socorro homeowners should still review their assessments, as some properties may be valued above current market rates. A straightforward appeal to the county assessor costs nothing and could lower your annual tax bill.