San Acacia, New Mexico Property Taxes
The median property tax rate in San Acacia, NM is 0.89%, slightly lower than the national median of 0.99% but higher than the New Mexico state median of 0.86%. With the median home value in San Acacia, the typical annual property tax bill reaches $171, which is significantly below the national median of $2,690. Property taxes in San Acacia are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding San Acacia'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 San Acacia 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
San Acacia, New Mexico 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 San Acacia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in San Acacia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in San Acacia 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 San Acacia, New Mexico
Property taxes in San Acacia, 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 San Acacia is 0.89%, slightly below the U.S. national median of 0.99%. Local government entities within San Acacia set these rates annually, and they can vary significantly across different neighborhoods. Each year, San Acacia 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 San Acacia's effective property tax rate to other counties in New Mexico and the national median. For comparison, the 87831 zip code has the highest median property tax rate of 0.89%, while the same zip code also has the lowest median tax rate of 0.89%. Understanding how these areas compare with San Acacia provides valuable insights into the varying tax landscape across Socorro County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average San Acacia Tax Rate
0.89%
Average Socorro County Tax Rate
0.98%
Average New Mexico Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across San Acacia, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87831 | 0.89% | 0.89% | 0.89% | 0.89% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across San Acacia, New Mexico
In San Acacia, 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 Socorro 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 San Acacia, 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 San Acacia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in San Acacia is $171 in the 87831 zip code, which aligns with the lowest median tax bill, illustrating a uniform tax landscape.
Average San Acacia Assessed Value
$19,169
Average Socorro County Assessed Value
$10,114
Average New Mexico Assessed Value
$121,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across San Acacia, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87831 | $2,738 | $8,008 | $19,169 | $39,679 | $76,300 |
Source: Ownwell
Property Tax Bills Across San Acacia, New Mexico
In San Acacia, located in Socorro County, NM, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is typically a percentage of the market value of the property. Homeowners in San Acacia can expect varying tax bills depending on their property's assessed value. For instance, the tax bill at the 25th percentile is $71, while at the 75th percentile, it rises to $356. Those at the 90th percentile might see tax bills as high as $681. The median home price in San Acacia is $19,169, which influences the overall tax burden. With the national median property tax rate at 0.99%, homeowners in San Acacia benefit from relatively low property taxes. These taxes fund essential community services such as schools, public safety, and infrastructure. Understanding these factors helps homeowners anticipate their tax obligations and manage their finances more effectively.
Average San Acacia Tax Bill
$171
Average Socorro County Tax Bill
$102
Average New Mexico Tax Bill
$1,192
Average United States Tax Bill
$2,690
Property Tax Bills Across San Acacia, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87831 | $24 | $71 | $171 | $356 | $681 |
Source: Ownwell