Hidalgo County Property Taxes
The median property tax rate in Hidalgo County is 0.62%, 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 $36,636, the typical annual property tax bill in Hidalgo County is $196, significantly less than the national median of $2,690. Property taxes in Hidalgo County are calculated based on the assessed value, which often falls below the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Hidalgo County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide substantial annual savings. Whether you reside in Lordsburg or another part of Hidalgo County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hidalgo County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$227
Ownwell’s Hidalgo County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hidalgo County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Hidalgo 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 Hidalgo County, New Mexico
Property taxes in Hidalgo County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Hidalgo County is 0.62%, which is lower than the U.S. national median of 0.99%. Local government entities within Hidalgo County set these rates annually, and they can vary significantly between different areas within the county. Each year, Hidalgo 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 Hidalgo County's effective property tax rate with other counties in New Mexico and the national median. For comparison, the city of Lordsburg has one of the higher property tax rates in New Mexico at 0.65%, while the city of Animas boasts one of the lowest at 0.43%. Analyzing how Hidalgo County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Hidalgo County Tax Rate
0.62%
Average New Mexico Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hidalgo County, New Mexico
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Animas | 0.34% | 0.39% | 0.43% | 0.52% | 0.66% |
| Lordsburg | 0.43% | 0.55% | 0.65% | 0.75% | 0.86% |
| Road Forks | 0.50% | 0.53% | 0.57% | 0.62% | 0.64% |
| Rodeo | 0.32% | 0.35% | 0.39% | 0.42% | 0.44% |
| Steins | N/A | N/A | N/A | N/A | N/A |
| Virden | 0.42% | 0.56% | 0.63% | 0.69% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Hidalgo County, New Mexico
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Hidalgo. 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 Hidalgo 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 Hidalgo 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 instance, Virden has the highest median tax bill at $355, while Animas has the lowest at $125. Being aware of these valuation processes in Hidalgo will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Hidalgo County, New Mexico
Source: Ownwell
$33,621
$61,601
$89,580
Average Hidalgo County Assessed Value
$36,636
Average New Mexico Assessed Value
$121,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hidalgo County, New Mexico
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Animas | $6,806 | $11,775 | $34,524 | $84,165 | $154,427 |
| Lordsburg | $6,964 | $14,340 | $33,621 | $61,191 | $101,422 |
| Road Forks | $36,422 | $41,752 | $50,637 | $59,522 | $64,852 |
| Rodeo | $29,083 | $41,532 | $89,580 | $146,007 | $234,547 |
| Steins | N/A | N/A | N/A | N/A | N/A |
| Virden | $8,399 | $21,014 | $49,377 | $85,940 | $150,080 |
Source: Ownwell
Property Tax Bills Across Hidalgo County, New Mexico
In Hidalgo County, NM, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax bill. For instance, the median home price in the county is $36,636. Homeowners in the 25th percentile of tax bills pay around $83, while those in the 75th percentile pay about $395. At the higher end, the 90th percentile tax bill is approximately $654. Several factors influence the tax bill, including the property's location and any applicable exemptions. For example, the highest median tax bill in the county is found in Virden at $355, while Animas has the lowest at $125. These property tax bills can significantly impact homeowners, affecting their monthly budgets and overall financial planning. Compared to the national median property tax rate of 0.99%, Hidalgo County's rates are relatively modest, offering some financial relief to its residents.
Average Hidalgo County Tax Bill
$196
Average New Mexico Tax Bill
$1,192
Average United States Tax Bill
$2,690