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Updated 2025 Tax Year

Mora County
Property Tax Guide

Everything you need to know about property taxes in Mora County, NM. Rates, due dates, exemptions, and how it affects your monthly payment.

10 Official Sources
8 min read
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Quick Facts
Tax Rate
$2.00 per $1,000 of net taxable value (varies by special taxing districts)
Exemptions
5+ Available
Section 1

How Property Tax Works

Mora County's property tax system serves as the primary funding mechanism for essential local services including schools, county operations, fire protection, and infrastructure maintenance. Located in north-central New Mexico, Mora County operates under the state's property tax framework where properties are assessed at their market value and taxed according to local mill levy rates established annually by various taxing jurisdictions.

The effective property tax rate in Mora County for FY 2025-2026 is $2.00 per $1,000 of net taxable value, though actual rates paid by individual property owners may vary depending on their location within special taxing districts such as school districts, fire districts, or municipal boundaries. Property owners should note that New Mexico does not cap property assessments, meaning values can increase without limitation based on market conditions, though certain tax credits may help limit the impact of assessment increases for qualifying homeowners.

Section 2

What Makes Up Your Tax Bill

ComponentRate (per $1,000)Description
County GeneralVariesBasic county services and operations
School DistrictVariesLocal school district funding
State EducationVariesState-mandated education funding
Special DistrictsVariesFire, water, road districts as applicable
Total Combined Rate$2.00Combined rate for FY 2025-2026

Note: The $2.00 per $1,000 rate represents the combined levy for properties within Mora County's standard taxing districts. Properties located within incorporated municipalities or special service districts may have different total rates. San Miguel and Mora Counties both maintain this $2.00 rate structure. Property owners should verify their specific rate with the Mora County Assessor's office as rates are finalized annually during the budget process.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Mora County, property taxes are due in two installments:

Pro tip: If you pay through mortgage escrow, your lender splits these payments across your monthly mortgage. If you pay directly, set calendar reminders to avoid late penalties.
Section 4

Supplemental Tax Bills

Supplemental taxes in Mora County are additional property tax assessments that occur when there are changes to property ownership, improvements, or new construction outside the regular assessment cycle. These taxes are calculated based on the difference between the old and new assessed values, prorated for the portion of the tax year remaining after the change occurred.

Common triggers for supplemental taxes include: completion of new construction or major renovations, property ownership transfers that prompt reassessment, and corrections to assessment errors. For example, if a property owner completes a $100,000 home addition in January and the county assessor adds this value to the property's assessment, a supplemental tax bill would be issued covering the additional tax liability from the completion date through the end of the current tax year. The supplemental tax would be calculated using the same $2.00 per $1,000 rate applied to the $100,000 increase in assessed value.

Example Calculation

Example 1: $300,000 Home

  • Market/Assessed Value: $300,000
  • Less: Homestead Tax Credit (if applicable): $0 (requires application)
  • Net Taxable Value: $300,000
  • Annual Tax: $300,000 ÷ $1,000 × $2.00 = $600
  • Monthly Payment: $50

Example 2: $600,000 Home

  • Market/Assessed Value: $600,000
  • Less: Homestead Tax Credit (if applicable): $0 (requires application)
  • Net Taxable Value: $600,000
  • Annual Tax: $600,000 ÷ $1,000 × $2.00 = $1,200
  • Monthly Payment: $100

Example 3: $1,000,000 Home

  • Market/Assessed Value: $1,000,000
  • Less: Homestead Tax Credit (if applicable): $0 (requires application)
  • Net Taxable Value: $1,000,000
  • Annual Tax: $1,000,000 ÷ $1,000 × $2.00 = $2,000
  • Monthly Payment: $167

Note: Tax credits require separate applications and are not automatically applied. Homestead credits may limit annual assessment increases rather than reducing the base assessed value.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Mora County require borrowers to maintain an escrow account for property taxes, collecting monthly payments along with principal and interest to ensure timely tax payments. Lenders typically collect 1/12 of the annual property tax amount each month, plus a small cushion to account for potential tax increases.

Property taxes in Mora County for 2025 are due August 25 and September 25, split into two equal installments. Lenders usually make payments before these deadlines to avoid penalties. Property owners should verify that their escrow payments are current and adequate by reviewing their annual escrow analysis statement. If taxes increase significantly due to reassessment or rate changes, lenders may require escrow payment increases or collect shortage amounts over 12 months. Property owners can contact their mortgage servicer to verify that tax payments are being made correctly to the Mora County Treasurer's office.

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Section 6

Frequently Asked Questions

Q: When are property taxes due in Mora County for the current fiscal year? A: For 2025, property taxes are due in two installments: August 25 and September 25. Extensions may be available for taxpayers affected by natural disasters such as flooding.

Q: What tax credits are available and do I need to apply? A: New Mexico offers limited homestead tax credits that require application. Most credits are not automatically applied and must be filed with the County Assessor's office. Contact the Mora County Assessor to determine eligibility and application requirements.

Q: How does the homestead credit work? A: The homestead credit in New Mexico may limit annual assessment increases rather than reducing the property's market value. This credit requires application and is not automatically applied to eligible properties.

Q: How often are properties reassessed in Mora County? A: New Mexico law requires properties to be valued annually at market value. The County Assessor reviews property values each year, and significant changes may result in assessment adjustments.

Q: How can I appeal my property assessment? A: Property owners can appeal their assessment by filing with the County Valuation Protest Board. Appeals must typically be filed by a specific deadline after receiving assessment notices.

Q: What are the penalties for late property tax payments? A: Late payments incur interest and penalties. Contact the Mora County Treasurer's office for current penalty rates and payment options.

Q: Can I pay my property taxes online? A: Contact the Mora County Treasurer's office directly to inquire about available online payment options and accepted payment methods.

Q: Why might my tax bill differ from my neighbor's if we have similar homes? A: Tax bills can vary based on different assessed values, eligibility for different tax credits, and location within different special taxing districts such as fire districts or school districts.

Q: What special districts might affect my tax rate? A: Depending on your property location, you may pay additional taxes for fire districts, water districts, road districts, or municipal services, which can affect your total tax rate beyond the base county rate.

Q: How can I verify what special districts apply to my property? A: Contact the Mora County Assessor's office with your property address or parcel number to determine which taxing districts apply to your specific property.

Verified Sources

Backed by 10 Official Government Sources

Every fact in this guide is sourced from official county, state, and federal documents.

01
State
New Mexico Secretary of Stateelectionresults.sos.nm.gov
02
County
County Net Taxable Valuesnmdfa.state.nm.us
03
County
County Data Classificationnmlegis.gov
04
County
Mora County property tax deadline extendedtax.newmexico.gov
05
County
Flood-affected Mora County taxpayers get extensiontax.newmexico.gov
06
PDF TIFF Wrapperapps.irs.gov
07
Tax Doc
Property Taxes in New Mexiconmlegis.gov
08
Page 1 of 4 NEW MEXICO INSURANCE NOMINATING ...osi.state.nm.us
09
FIR Text for House Bill HJR07nmlegis.gov
10
State
STATE OF NEW MEXICOnmdfa.state.nm.us
All sources verified as of 2025 Tax Year

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