On a 1.5 million dollar house how much taxes do you have to pay in New Mexico state?

In New Mexico, property taxes are calculated based on assessed value, which is typically 33% of the property's market value. For a $1.5 million house, the assessed value would be approximately $495,000. The average property tax rate in New Mexico is around 1.1%, so the annual property tax would be about $5,445. However, rates can vary by county, so it's best to check with local authorities for precise calculations.