La Puebla, New Mexico Property Taxes
The median property tax rate in LA PUEBLA, NM is 0.62%, which is significantly lower than both the national median of 0.99% and the New Mexico state median of 0.86%. With a median home value of $211,440 in LA PUEBLA, the typical annual property tax bill is around $1,463, well below the national median of $2,690. Property taxes in LA PUEBLA are based on the assessed value, which is often less than the market value due to exemptions like those for primary residences and agricultural properties. Understanding LA PUEBLA's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're residing in LA PUEBLA or investing in its real estate, grasping the nuances of the local property tax system will provide significant financial benefits.
Last Updated June 14, 2024
La Puebla, New Mexico Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$1,311
Ownwell’s LA PUEBLA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LA PUEBLA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LA PUEBLA 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 La Puebla, New Mexico
Property taxes in LA PUEBLA, 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 LA PUEBLA is 0.62%, which is lower than both the New Mexico state median and the U.S. national median of 0.99%. Local government entities within LA PUEBLA set these rates annually, and they can vary significantly across different neighborhoods. Each year, LA PUEBLA 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 LA PUEBLA's effective property tax rate to other counties in New Mexico and the national median. For comparison, the 87532 zip code has both the highest and lowest median property tax rate of 0.62%. Understanding how these cities compare with LA PUEBLA provides valuable insights into the varying tax landscape across Santa Fe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average La Puebla Tax Rate
0.62%
Average Santa Fe County Tax Rate
0.55%
Average New Mexico Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across La Puebla, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87532 | 0.53% | 0.57% | 0.62% | 0.68% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across La Puebla, New Mexico
In LA PUEBLA, 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 Santa Fe County Appraisal District 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 LA PUEBLA, 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 LA PUEBLA is $211,440, with tax bills ranging from $952 at the 25th percentile to $2,280 at the 90th percentile. The highest and lowest median tax bills are both $1,463 in the 87532 zip code. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average La Puebla Assessed Value
$211,440
Average Santa Fe County Assessed Value
$365,234
Average New Mexico Assessed Value
$121,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across La Puebla, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87532 | $111,783 | $149,154 | $211,440 | $273,725 | $311,096 |
Source: Ownwell
Property Tax Bills Across La Puebla, New Mexico
In La Puebla, located in Santa Fe County, NM, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in La Puebla is $211,440. Homeowners can expect their tax bills to vary significantly, influenced by factors such as the property's assessed value and the local tax rate. For instance, tax bills in this area range from $952 at the 25th percentile to $2,280 at the 90th percentile. This variability means that while some homeowners might pay close to the national median property tax rate of 0.99%, others could see higher or lower rates depending on their specific circumstances. The highest and lowest median tax bills in the area are both reported at $1,463 in the 87532 zip code. These property taxes directly impact homeowners by influencing their annual housing costs and, ultimately, their financial planning and budgeting.
Average La Puebla Tax Bill
$1,463
Average Santa Fe County Tax Bill
$1,886
Average New Mexico Tax Bill
$1,192
Average United States Tax Bill
$2,690
Property Tax Bills Across La Puebla, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87532 | $645 | $952 | $1,463 | $1,974 | $2,280 |
Source: Ownwell