San Ysidro, New Mexico Property Taxes
The median property tax rate in San Ysidro, NM is 0.78%, which is lower than both the national median of 0.99% and the New Mexico state median of 0.86%. With a median home value of $48,000, the typical annual property tax bill in San Ysidro amounts to $375, significantly below the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often lower than the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding San Ysidro's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of San Ysidro or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
San Ysidro, New Mexico Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$1,720
Ownwell’s San Ysidro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in San Ysidro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in San Ysidro to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across San Ysidro, New Mexico
Property taxes in San Ysidro, New Mexico, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in San Ysidro is 0.78%, lower than both the New Mexico state median and the U.S. national median of 0.99%. Local government entities within San Ysidro set these rates annually, and they can vary significantly across different neighborhoods. Each year, San Ysidro estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares San Ysidro's effective property tax rate to other counties in New Mexico and the national median. For comparison, the 87053 zip code has both the highest and lowest median property tax rate of 0.78%. Understanding how these cities compare with San Ysidro provides valuable insights into the varying tax landscape across Doña Ana County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average San Ysidro Tax Rate
0.78%
Average Doaana County Tax Rate
1.02%
Average New Mexico Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across San Ysidro, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87053 | 0.78% | 0.78% | 0.78% | 0.78% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across San Ysidro, New Mexico
In San Ysidro, New Mexico, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the DoaAna County Assessor's Office for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In San Ysidro, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in San Ysidro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 87053 has the highest and lowest median tax bill, both at $375.
Average San Ysidro Assessed Value
$48,000
Average Doaana County Assessed Value
$120,428
Average New Mexico Assessed Value
$121,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across San Ysidro, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87053 | $48,000 | $48,000 | $48,000 | $48,000 | $48,000 |
Source: Ownwell
Property Tax Bills Across San Ysidro, New Mexico
In San Ysidro, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The tax rate in San Ysidro is applied to this assessed value to calculate the annual tax bill. For example, with a median home price of $48,000, homeowners in this area can expect a median tax bill of $375. This amount is consistent across various percentiles, indicating a stable tax environment within the region. Factors influencing the tax bill include the property's assessed value, any applicable exemptions, and the local tax rate. Compared to the national median property tax rate of 0.99%, the tax burden in San Ysidro is relatively low. For homeowners, this means a more predictable and manageable annual expense. The stability and predictability of the property tax bills in San Ysidro can provide homeowners with a sense of financial security, making it easier to budget for this recurring cost.
Average San Ysidro Tax Bill
$375
Average Doaana County Tax Bill
$1,201
Average New Mexico Tax Bill
$1,192
Average United States Tax Bill
$2,690
Property Tax Bills Across San Ysidro, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87053 | $375 | $375 | $375 | $375 | $375 |
Source: Ownwell