New Mexico real estate transfer tax
New Mexico's transfer tax is 0%, customarily none-paid. Here's how it works, what it costs at common price points, and the statute behind it.
New Mexico imposes NO state real-estate transfer, conveyance, or documentary stamp tax, and no county/city add-on transfer taxes exist. (A 2021 bill, HB0019 'Real Estate Transfer Tax Act,' tried to create one at 0.75%-1.25% on homes $500k+ but failed to pass — confirming none exists.) NM does require a Real Property Transfer Declaration Affidavit (NMSA 7-38-12.1) filed with the county assessor for residential transfers, but this is an informational assessment filing, not a tax.
How New Mexico compares nationally
0%, #37 of 51 nationally; at $400,000, that is $640 below the median $640 tax at $400,000. This is a data-derived comparison against the 51 source-verified state and DC transfer-tax records, with no invented rates for null-tax states.
- Rate rank
- #37 of 51
- highest state transfer-tax rate first
- Tax at $400,000
- $0
- median-state tax $640
- Dataset date
- 2026-Q2
- source-linked record
New Mexico transfer-tax data: official source linked on this page, reviewed 2026-Q2.
What it costs at common prices
| Sale price | State transfer tax |
|---|---|
| $200,000 | $0 |
| $400,000 | $0 |
| $600,000 | $0 |
| $800,000 | $0 |
State-level only; county and city taxes may add to these figures.
Look up your transfer tax
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Frequently asked questions
What is the real estate transfer tax in New Mexico?
New Mexico's transfer tax is 0% of the sale price, customarily none-paid. New Mexico imposes NO state real-estate transfer, conveyance, or documentary stamp tax, and no county/city add-on transfer taxes exist. (A 2021 bill, HB0019 'Real Estate Transfer Tax Act,' tried to create one at 0.75%-1.25% on homes $500k+ but failed to pass — confirming none exists.) NM does require a Real Property Transfer Declaration Affidavit (NMSA 7-38-12.1) filed with the county assessor for residential transfers, but this is an informational assessment filing, not a tax.
Who pays the transfer tax in New Mexico?
In New Mexico the transfer tax is customarily none-paid, though it's negotiable in the purchase contract.
How is New Mexico's transfer tax calculated?
Multiply the sale price by 0%. For example, on a $400,000 home that's about $0. New Mexico imposes NO state real-estate transfer, conveyance, or documentary stamp tax, and no county/city add-on transfer taxes exist. (A 2021 bill, HB0019 'Real Estate Transfer Tax Act,' tried to create one at 0.75%-1.25% on homes $500k+ but failed to pass — confirming none exists.) NM does require a Real Property Transfer Declaration Affidavit (NMSA 7-38-12.1) filed with the county assessor for residential transfers, but this is an informational assessment filing, not a tax.
Closest transfer-tax comparisons
These links are selected by nearby verified transfer-tax rates, not by a static related list.