Taxes in Los Lunas
Los Lunas'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 genuinely low property tax rate
Los Lunas's effective property tax rate ran approximately 0.84% per Ownwell -- below the national median (~1.02%), while Valencia County overall averages a lower ~0.69%.
New Mexico's real, graduated income tax
New Mexico taxes income across 6 brackets from 1.5% up to a 5.9% top rate above $210,000 single/$315,000 MFJ for 2026, conforming to the federal standard deduction.
A real, disclosed Social Security hard cliff
New Mexico exempts Social Security only when AGI runs under $100,000 single/$150,000 MFJ -- a hard cliff, not a phase-out -- and other retirement income remains fully taxable.
Key takeaways
- Los Lunas's effective property tax rate (~0.84%) runs below the national median.
- New Mexico's 6-bracket 1.5%-5.9% income tax (2026) applies statewide.
- Social Security is exempt only below $100,000 single/$150,000 MFJ AGI -- a hard cliff, not a phase-out.
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