Taxes in Silver City
Silver City's tax picture combines a genuinely low, though cross-source-disputed, property tax rate with New Mexico's statewide income tax structure.
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Learn moreA genuinely low property tax rate, with a real, disclosed spread
Grant County's effective property tax rate ran approximately 0.37%-0.60% depending on source -- both well below the national median (~1.02%). The median annual county tax bill ran approximately $356.
New Mexico's real, current 6-bracket income tax
New Mexico taxes income at 6 graduated rates from 1.5% up to a 5.9% top rate on income above $210,000 single/$315,000 married-filing-jointly for 2026.
A real, structural Social Security hard cliff
New Mexico's Social Security exemption operates as a hard AGI cliff ($100,000 single/$150,000 MFJ/$75,000 MFS) rather than a gradual phase-out.
Key takeaways
- Grant County's effective property tax rate (~0.37%-0.60%) runs well below the national median.
- New Mexico's 6-bracket 1.5%-5.9% income tax (2026) applies statewide.
- New Mexico's Social Security exemption is a hard AGI cliff, not a gradual phase-out.
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