Back to National Overview
State Municipal Index • NM
New Mexico Property Tax Drift Index
State Avg Drift Score
55/100
New Mexico Municipal Risk Briefing
State Comptroller & US Census Bureau (NM)August 2026
New Mexico maintains an average TaxDrift Score of 55/100 across monitored jurisdictions. Overlapping municipal bond issuances and assessment equalization rollbacks determine local millage carrying costs under statutory rules.
Population
2,114,371
Avg Effective Tax Rate
1.1%
Total Tracked Muni Debt
$9.5B
Counties Monitored
12
Statutory Tax Caps & Voter-Approval Rules (NM)
Annual valuation growth for residential property capped at 3% per year.
Audited Counties in New Mexico
New Mexico County Tax Drift Leaderboard
Showing 0 of 0 Audited JurisdictionsNo county records match the active filter criteria.