Organ, New Mexico Property Taxes
The median property tax rate in ORGAN, NM is 0.78%, which is notably lower than both the national median of 0.99% and the New Mexico state median of 0.86%. With a median home value of $35,353 in ORGAN, the typical annual property tax bill is $270, significantly below the national median of $2,690. Property taxes in ORGAN are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. By understanding ORGAN's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of ORGAN or another part of the city, gaining insight into the local property tax system can lead to significant financial benefits.
Last Updated June 14, 2024
Organ, New Mexico Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$276
Ownwell’s ORGAN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ORGAN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ORGAN 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 Organ, New Mexico
Property taxes in ORGAN, New Mexico, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in ORGAN is 0.78%, which is lower than the U.S. national median of 0.99%. Local government entities within ORGAN set these rates annually, and they can vary significantly across different neighborhoods. Each year, ORGAN 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 ORGAN's effective property tax rate to other counties in New Mexico and the national median. For comparison, the zip code 88052 has both the highest and lowest median property tax rate of 0.78%. Understanding how these cities compare with ORGAN provides valuable insights into the varying tax landscape across DoaAna County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Organ 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 Organ, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 88052 | 0.63% | 0.78% | 0.78% | 0.78% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Organ, New Mexico
In ORGAN, 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'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 ORGAN, 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 ORGAN helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 88052, with a median tax bill of $270.00.
Average Organ Assessed Value
$35,353
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 Organ, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 88052 | $5,271 | $10,094 | $35,353 | $67,815 | $129,960 |
Source: Ownwell
Property Tax Bills Across Organ, New Mexico
In Organ, located in Doña Ana County, NM, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the market value determined by the county assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. For example, the median home price in Organ is $35,353. Homeowners in the 25th percentile can expect a tax bill around $79, while those in the 75th percentile may see a bill closer to $538. At the 90th percentile, tax bills can reach up to $1,008. These property taxes significantly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Comparatively, Organ's property tax rate aligns closely with the national median property tax rate of 0.99%, making it relatively affordable for homeowners in the area.
Average Organ Tax Bill
$270
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 Organ, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 88052 | $40 | $79 | $270 | $538 | $1,008 |
Source: Ownwell