Guadalupe County Property Taxes
The median property tax rate in Guadalupe 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 the median home value in Guadalupe County, the typical annual property tax bill is $178, significantly less than the national median of $2,690. Property taxes in Guadalupe County are calculated based on the tax assessed value, which is often below the actual market value due to various property tax exemptions such as primary residence and agricultural exemptions. Understanding Guadalupe County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide substantial annual savings. Whether you live in Santa Rosa or another part of Guadalupe County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Guadalupe County Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$1,720
Ownwell’s Guadalupe County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Guadalupe County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Guadalupe County 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 Guadalupe County, New Mexico
Property taxes in Guadalupe County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Guadalupe County is 0.78%, which is lower than the U.S. national median of 0.99%. Local government entities within Guadalupe County set these rates annually, and they can vary significantly between different areas within the county. Each year, Guadalupe 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. For comparison, the city of Vaughn has one of the higher property tax rates in New Mexico at 0.94%, while the city of Tucumcari boasts one of the lowest at 0.78%. Analyzing how Guadalupe County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
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 Guadalupe County, New Mexico
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anton Chico | 0.71% | 0.78% | 0.78% | 0.78% | 0.82% |
| Cuervo | N/A | N/A | N/A | N/A | N/A |
| La Loma | 0.42% | 0.64% | 0.78% | 0.78% | 0.93% |
| Santa Rosa | 0.60% | 0.78% | 0.82% | 0.93% | 0.93% |
| Tucumcari | 0.78% | 0.78% | 0.78% | 0.78% | 0.78% |
| Vaughn | 0.60% | 0.67% | 0.94% | 0.94% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Guadalupe County, New Mexico
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Guadalupe County. 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 Guadalupe 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 Guadalupe 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. Being aware of these valuation processes in Guadalupe County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Vaughn has the highest median tax bill at $328, while Santa Rosa has the lowest at $167. This comparison highlights the importance of understanding your specific situation to effectively manage property taxes.
Property Tax Assessment Values Across Guadalupe County, New Mexico
Source: Ownwell
$4,935
$26,357
$47,778
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 Guadalupe County, New Mexico
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anton Chico | $3,201 | $4,935 | $26,058 | $62,988 | $212,412 |
| Cuervo | N/A | N/A | N/A | N/A | N/A |
| La Loma | $4,948 | $7,644 | $10,938 | $26,402 | $47,408 |
| Santa Rosa | $4,257 | $7,020 | $21,879 | $49,545 | $115,745 |
| Tucumcari | $21,879 | $21,879 | $21,879 | $21,879 | $21,879 |
| Vaughn | $16,487 | $20,940 | $47,778 | $123,000 | $429,101 |
Source: Ownwell
Property Tax Bills Across Guadalupe County, New Mexico
In Guadalupe County, NM, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor, who evaluates the market value of the property. The tax rate is then applied to this assessed value to calculate the tax bill. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions. For homeowners in Guadalupe County, the property tax bill can vary significantly. For instance, the tax bill at the 25th percentile is around $59, while it jumps to $438 at the 75th percentile and reaches $1,018 at the 90th percentile. The highest median tax bill in the county is $328 in Vaughn, while the lowest is $167 in Santa Rosa. Compared to the national median property tax rate of 0.99%, Guadalupe County's rates can be considered relatively moderate, but they still represent a significant expense for homeowners. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Guadalupe County Tax Bill
$178
Average New Mexico Tax Bill
$1,192
Average United States Tax Bill
$2,690
Property Tax Bills Across Guadalupe County, New Mexico
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anton Chico | $25 | $38 | $194 | $455 | $1,732 |
| Cuervo | N/A | N/A | N/A | N/A | N/A |
| La Loma | $31 | $45 | $86 | $194 | $338 |
| Santa Rosa | $34 | $59 | $167 | $425 | $1,000 |
| Tucumcari | $171 | $171 | $171 | $171 | $171 |
| Vaughn | $93 | $126 | $328 | $535 | $1,233 |
Source: Ownwell