Mesilla, New Mexico Property Taxes
The median property tax rate in Mesilla, NM is 0.82%, lower than both the national median of 0.99% and the New Mexico state median of 0.86%. With the median home value in Mesilla, the typical annual property tax bill amounts to $1,682, which is notably below the national median of $2,690. Property taxes in Mesilla are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mesilla'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 Mesilla 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
Mesilla, New Mexico Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$1,750
Ownwell’s Mesilla Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mesilla with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mesilla 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 Mesilla, New Mexico
Property taxes in Mesilla, New Mexico, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mesilla is 0.82%, lower than the U.S. national median of 0.99%. Local government entities within Mesilla set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mesilla 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 Mesilla's effective property tax rate to other counties in New Mexico and the national median. For comparison, the 88046 zip code has the highest median property tax rate of 0.82%, while the 88046 zip code also has the lowest median tax rate of 0.82%. Understanding how these cities compare with Mesilla 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 Mesilla Tax Rate
0.82%
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 Mesilla, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 88046 | 0.75% | 0.79% | 0.82% | 0.82% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Mesilla, New Mexico
In Mesilla, 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 Doña Ana 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 Mesilla, 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. The median home price in Mesilla is $213,410, with tax bills ranging from $998 at the 25th percentile to $3,665 at the 90th percentile. The highest and lowest median tax bills are both found in the 88046 zip code, amounting to $1,682. 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 Mesilla helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mesilla Assessed Value
$213,410
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 Mesilla, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 88046 | $76,994 | $127,720 | $213,410 | $297,699 | $451,332 |
Source: Ownwell
Property Tax Bills Across Mesilla, New Mexico
In Mesilla, located in Doña Ana County, NM, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local property tax rate. The median home price in Mesilla is $213,410, and the property tax rate in this area is relatively competitive when compared to the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the home's market value, any applicable exemptions, and local tax levies. For instance, the 25th percentile tax bill in Mesilla is $998, while the 75th percentile reaches $2,396, and the 90th percentile can go up to $3,665. The highest and lowest median tax bills in Mesilla are both $1,682, indicating a consistent tax rate across different properties. These property taxes significantly impact homeowners, as they are a recurring expense that must be budgeted for annually. Understanding how these taxes are calculated can help homeowners better manage their finances and potentially explore avenues for reducing their tax burden through appeals or exemptions.
Average Mesilla Tax Bill
$1,682
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 Mesilla, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 88046 | $603 | $998 | $1,682 | $2,396 | $3,665 |
Source: Ownwell