Anton Chico, New Mexico Property Taxes
The median property tax rate in Anton Chico, 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 $26,058 in Anton Chico, the typical annual property tax bill amounts to $194, significantly below the national median of $2,690. Property taxes in Anton Chico are calculated based on the assessed value rather than the market value, often reduced by exemptions such as those for primary residences and agricultural land. By understanding the local property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you reside in the heart of Anton Chico or another part of Guadalupe County, gaining insight into the property tax system can provide financial benefits and peace of mind.
Last Updated June 14, 2024
Anton Chico, New Mexico Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$203
Ownwell’s Anton Chico Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Anton Chico with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Anton Chico 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 Anton Chico, New Mexico
Property taxes in Anton Chico, New Mexico, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Anton Chico is 0.78%, which is lower than both the New Mexico state median and the U.S. national median of 0.99%. Local government entities within Anton Chico set these rates annually, and they can vary significantly across different neighborhoods. Each year, Anton Chico 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 Anton Chico's effective property tax rate to other counties in New Mexico and the national median. For comparison, the 87711 zip code in Guadalupe County has both the highest and lowest median property tax rate of 0.78%. Understanding how these areas compare with Anton Chico provides valuable insights into the varying tax landscape across Guadalupe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Anton Chico Tax Rate
0.78%
Average Guadalupe County Tax Rate
0.78%
Average New Mexico Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Anton Chico, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87711 | 0.71% | 0.78% | 0.78% | 0.78% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Anton Chico, New Mexico
In Anton Chico, 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 Guadalupe County Assessor 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 Anton Chico, 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. The median home price in Anton Chico is $26,058, with tax bills varying widely. The tax bill at the 25th percentile is $38, while at the 75th percentile, it's $455. The highest and lowest median tax bills, both $194, are found in the 87711 zip code. Being aware of these valuation processes in Anton Chico helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Anton Chico Assessed Value
$26,058
Average Guadalupe County Assessed Value
$22,948
Average New Mexico Assessed Value
$121,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Anton Chico, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87711 | $3,201 | $4,935 | $26,058 | $62,988 | $212,412 |
Source: Ownwell
Property Tax Bills Across Anton Chico, New Mexico
In Anton Chico, NM, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the home. For example, with a median home price of $26,058, the property tax bill can vary significantly. Homeowners in the 25th percentile pay around $38 annually, while those in the 75th percentile see bills closer to $455. At the 90th percentile, tax bills can reach up to $1,732. These variations are influenced by several factors, including the property's location within Guadalupe County, the specific tax rate applied, and any exemptions or deductions the homeowner may qualify for. Compared to the national median property tax rate of 0.99%, Anton Chico's property taxes are relatively modest, providing some financial relief to homeowners. However, these taxes still play a crucial role in funding local services and infrastructure, impacting the overall quality of life in the community.
Average Anton Chico Tax Bill
$194
Average Guadalupe County Tax Bill
$178
Average New Mexico Tax Bill
$1,192
Average United States Tax Bill
$2,690
Property Tax Bills Across Anton Chico, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87711 | $25 | $38 | $194 | $455 | $1,732 |
Source: Ownwell