Taxes in Belen
Belen's tax picture combines a genuinely low effective property tax rate with New Mexico's real, statewide graduated income tax structure.
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Learn moreA low effective property tax rate
Valencia County's effective property tax rate ran approximately 0.62% across sources this pass reviewed (a 0.56%-0.66% spread) -- below the national median (~0.92%), driven by New Mexico's 33.3% residential assessment ratio.
New Mexico's real, current six-bracket income tax
New Mexico taxes income from 1.5% up to a 5.9% top marginal rate on taxable income above $210,000 single/$315,000 married-filing-jointly for 2026 -- a genuinely moderate structure nationally.
A real, disclosed retirement-income distinction
New Mexico exempts Social Security only below real, current income caps ($100,000 single/$150,000 MFJ, a hard cliff), and does not broadly exempt other retirement income.
Key takeaways
- Valencia County's effective property tax rate (~0.62%) runs below the national median.
- New Mexico's six-bracket income tax (1.5%-5.9%, 2026) applies statewide.
- Social Security is exempt only below capped income thresholds; other retirement income is not broadly exempt.
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