Anthony, New Mexico Property Taxes
The median property tax rate in Anthony, NM is 1.10%, notably higher than both the national median of 0.99% and New Mexico's state median of 0.86%. With the median home value in Anthony, the typical annual property tax bill reaches $757, which is below the national median of $2,690. Property taxes in Anthony are calculated based on the assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Anthony's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Anthony or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Anthony, New Mexico Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$736
Ownwell’s Anthony Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Anthony with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Anthony 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 Anthony, New Mexico
Property taxes in Anthony, New Mexico, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Anthony is 1.10%, which is higher than the U.S. national median of 0.99%. Local government entities within Anthony set these rates annually, and they can vary significantly across different neighborhoods. Each year, Anthony 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 Anthony's effective property tax rate to other areas in Doña Ana County and the national median. For comparison, the zip code 88021 has both the highest and lowest median property tax rate of 1.10%. Understanding how these areas compare with Anthony 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 Anthony Tax Rate
1.10%
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 Anthony, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 88021 | 0.93% | 1.02% | 1.10% | 1.25% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Anthony, New Mexico
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Anthony, NM. 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 Doña Ana 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 Anthony, 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 Anthony helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 88021 has the highest and lowest median tax bill of $757.00.
Average Anthony Assessed Value
$66,931
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 Anthony, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 88021 | $8,882 | $22,566 | $66,931 | $133,501 | $260,070 |
Source: Ownwell
Property Tax Bills Across Anthony, New Mexico
In Anthony, NM, located in Doña Ana County, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and represents a percentage of the property's market value. For homeowners in Anthony, the median home price stands at $66,931. Several factors influence the final tax bill, including the property's assessed value, the local tax rate, and any applicable exemptions or deductions. The property tax rate in Anthony, NM, is applied to the assessed value to determine the annual tax bill. For instance, the tax bill for the 25th percentile is $244, while at the 75th percentile, it rises to $1,502. At the 90th percentile, homeowners may see tax bills as high as $2,696. These property taxes are crucial for funding local services such as schools, infrastructure, and emergency services. Homeowners in Anthony should be aware of these factors as they significantly impact their annual financial planning and overall cost of homeownership.
Average Anthony Tax Bill
$757
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 Anthony, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 88021 | $99 | $244 | $757 | $1,502 | $2,696 |
Source: Ownwell