Property Tax in Torrance County
via TaxByCounty
Torrance offers very affordable property taxes
Torrance County's effective tax rate of 0.467% falls well below the national median of 0.79%, placing it in the bottom quarter of U.S. counties. At just $677 in annual property taxes on a median home valued at $145,100, Torrance residents enjoy some of the nation's lowest tax burdens.
Below-average taxes in New Mexico
Torrance County's 0.467% rate runs 21% below New Mexico's state average of 0.595%, placing it among the state's most tax-friendly counties. The median tax bill of $677 is roughly 35% below the state average of $1,043, making Torrance exceptionally affordable.
Torrance taxes rank among the lowest regionally
Torrance's 0.467% rate beats most regional peers except for Taos (0.329%), placing it among New Mexico's most tax-efficient counties. Compared to Sandoval County (0.760%), Torrance homeowners pay roughly 39% less in property taxes.
Annual taxes average just $677
On Torrance County's median home value of $145,100, the effective tax rate of 0.467% translates to approximately $677 per year in property taxes. Homeowners with mortgages typically pay $880 annually, while those without mortgages pay around $528.
Confirm your assessment is fair
Despite Torrance's already-low tax rates, some homeowners may still be overassessed relative to market value. A free appeal to the county assessor could verify your assessment and potentially save you money.