San Miguel County Property Taxes
The median property tax rate in San Miguel County 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 $75,272 in San Miguel County, the typical annual property tax bill is approximately $856, significantly below the national median of $2,690. Property taxes in San Miguel County are calculated based on the tax assessed value, which is generally lower than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding San Miguel County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to substantial annual savings. Whether you reside in Las Vegas or another part of San Miguel County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
San Miguel County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$587
Ownwell’s San Miguel Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in San Miguel with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in San Miguel to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across San Miguel County, New Mexico
Property taxes in San Miguel County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in San Miguel County is 0.78%, which is lower than both the New Mexico state median of 0.80% and the U.S. national median of 0.99%. Local government entities within San Miguel County set these rates annually, and they can vary significantly between different areas within the county. Each year, San Miguel County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares San Miguel County's effective property tax rate with other counties in New Mexico and the national median. For comparison, the city of Las Vegas has one of the higher property tax rates in New Mexico at 0.95%, while the city of Ilfeld boasts one of the lowest at 0.42%. Analyzing how San Miguel County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average San Miguel County Tax Rate
0.78%
Average New Mexico Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across San Miguel County, New Mexico
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anton Chico | N/A | N/A | N/A | N/A | N/A |
| Conchas Dam | 0.74% | 0.74% | 0.74% | 0.74% | 0.75% |
| Garita | 0.77% | 0.78% | 0.78% | 0.81% | 0.83% |
| Glorieta | 0.42% | 0.42% | 0.42% | 0.45% | 0.46% |
| Ilfeld | 0.41% | 0.42% | 0.42% | 0.43% | 0.47% |
| Las Vegas | 0.74% | 0.78% | 0.95% | 0.99% | 1.01% |
| Montezuma | 0.67% | 0.74% | 0.75% | 0.76% | 0.80% |
| Pecos | 0.40% | 0.42% | 0.42% | 0.44% | 0.46% |
| Ribera | 0.69% | 0.76% | 0.78% | 0.78% | 0.81% |
| Rociada | 0.72% | 0.75% | 0.75% | 0.75% | 0.77% |
| Rowe | 0.40% | 0.42% | 0.43% | 0.45% | 0.49% |
| San Jose | 0.42% | 0.42% | 0.63% | 0.78% | 0.80% |
| Sapello | 0.67% | 0.73% | 0.75% | 0.76% | 0.81% |
| Serafina | 0.72% | 0.75% | 0.78% | 0.79% | 0.82% |
| Solano | N/A | N/A | N/A | N/A | N/A |
| Tererro | 0.42% | 0.42% | 0.42% | 0.42% | 0.46% |
| Trementina | 0.73% | 0.75% | 0.75% | 0.76% | 0.77% |
| Villanueva | 0.67% | 0.73% | 0.78% | 0.78% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across San Miguel County, New Mexico
In San Miguel County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the San Miguel County Appraisal District. The assessed value, however, 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. Assessment notices in San Miguel County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For example, residents in Rociada face the highest median tax bill at $1,530, while those in Garita enjoy the lowest at $288. Being aware of these valuation processes in San Miguel County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across San Miguel County, New Mexico
Source: Ownwell
$37,328
$147,687
$258,046
Average San Miguel County Assessed Value
$75,272
Average New Mexico Assessed Value
$121,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across San Miguel County, New Mexico
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anton Chico | N/A | N/A | N/A | N/A | N/A |
| Conchas Dam | $5,738 | $14,699 | $37,328 | $80,670 | $148,194 |
| Garita | $22,964 | $26,976 | $46,535 | $63,429 | $66,257 |
| Glorieta | $53,567 | $129,075 | $227,519 | $290,222 | $434,205 |
| Ilfeld | $31,648 | $54,688 | $118,621 | $188,005 | $242,053 |
| Las Vegas | $4,907 | $16,203 | $70,236 | $133,891 | $201,732 |
| Montezuma | $27,795 | $46,772 | $82,612 | $160,897 | $282,201 |
| Pecos | $16,578 | $62,670 | $129,188 | $214,627 | $307,856 |
| Ribera | $17,634 | $36,577 | $80,564 | $157,012 | $268,177 |
| Rociada | $40,297 | $105,900 | $195,236 | $281,224 | $385,373 |
| Rowe | $37,738 | $81,413 | $174,908 | $246,737 | $292,589 |
| San Jose | $31,534 | $54,673 | $98,190 | $227,132 | $395,386 |
| Sapello | $7,630 | $40,458 | $126,415 | $216,390 | $353,240 |
| Serafina | $30,674 | $45,669 | $82,729 | $133,276 | $201,139 |
| Solano | N/A | N/A | N/A | N/A | N/A |
| Tererro | $42,898 | $60,501 | $116,258 | $227,022 | $499,094 |
| Trementina | $52,263 | $67,621 | $102,188 | $146,443 | $215,096 |
| Villanueva | $12,344 | $27,853 | $45,913 | $98,243 | $156,922 |
Source: Ownwell
Property Tax Bills Across San Miguel County, New Mexico
In San Miguel County, NM, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The county assessor determines this value, and property taxes are then calculated by applying the local tax rate to the assessed value. Several factors influence the final tax bill, including the property's location, size, and improvements. Homeowners in San Miguel County experience varying tax bills. For instance, the tax bill at the 25th percentile is $448, while it rises to $1,343 at the 75th percentile. The 90th percentile sees tax bills as high as $2,016. Comparatively, the median property tax rate in San Miguel County is significantly lower than the national median of 0.99%. The highest median tax bill in the county is found in Rociada at $1,530, while Garita has the lowest at $288. These variations can significantly impact homeowners' financial planning and overall cost of living.
Average San Miguel County Tax Bill
$856
Average New Mexico Tax Bill
$1,192
Average United States Tax Bill
$2,690
Property Tax Bills Across San Miguel County, New Mexico
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anton Chico | N/A | N/A | N/A | N/A | N/A |
| Conchas Dam | $119 | $203 | $401 | $771 | $1,215 |
| Garita | $175 | $211 | $288 | $468 | $657 |
| Glorieta | $442 | $731 | $967 | $1,196 | $1,755 |
| Ilfeld | $144 | $264 | $549 | $843 | $1,141 |
| Las Vegas | $325 | $605 | $994 | $1,466 | $2,077 |
| Montezuma | $243 | $399 | $626 | $1,251 | $2,247 |
| Pecos | $218 | $377 | $644 | $1,001 | $1,430 |
| Ribera | $187 | $297 | $672 | $1,272 | $2,332 |
| Rociada | $453 | $909 | $1,530 | $2,159 | $2,911 |
| Rowe | $177 | $493 | $779 | $1,106 | $1,405 |
| San Jose | $213 | $303 | $583 | $1,194 | $2,995 |
| Sapello | $263 | $562 | $1,094 | $1,807 | $2,871 |
| Serafina | $259 | $385 | $725 | $1,136 | $1,633 |
| Solano | N/A | N/A | N/A | N/A | N/A |
| Tererro | $185 | $281 | $523 | $1,035 | $2,184 |
| Trementina | $369 | $466 | $782 | $933 | $1,261 |
| Villanueva | $70 | $201 | $357 | $699 | $1,164 |
Source: Ownwell