Los Ranchos De Albuquerque, Bernalillo County, New Mexico Property Taxes

Name: Property Tax Bills Across Los Ranchos De Albuquerque, Bernalillo County, New Mexico
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Los Ranchos de Albuquerque, NM effective property tax rate: 1.23%, significantly higher than the national median of 1.02%, but lower than the New Mexico state median of 0.86%.
Median Los Ranchos de Albuquerque, NM home value: $590,060
Median annual Los Ranchos de Albuquerque, NM tax bill: $7,279, $4,879 higher than the national median property tax bill of $2,400.

How are property taxes in Bernalillo calculated?

Property taxes in Los Ranchos de Albuquerque, NM are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Los Ranchos de Albuquerque’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Los Ranchos de Albuquerque, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Los Ranchos De Albuquerque, Bernalillo County, New Mexico Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.23%

Estimate Property Tax Bill

$7,258

$6,735

Ownwell’s Los Ranchos de Albuquerque Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Los Ranchos de Albuquerque with just two data points. By entering your property's estimated assessed value, our calculator applies Los Ranchos de Albuquerque’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Bernalillo County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Los Ranchos De Albuquerque, Bernalillo County, New Mexico

Local government entities are responsible for setting tax rates, which can differ significantly within a state. This variation occurs because each county, such as 35001 in NM, estimates its required budget annually to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the simplified annual process. For instance, Los Ranchos de Albuquerque in Bernalillo County has an effective property tax rate that can be compared to other cities in NM and against the national and state median property tax rates. With a median tax rate of 1.23%, NM is above the national median of 1.02%. Understanding these differences can help property owners make informed decisions about their investments and potential tax burdens. By comparing rates, property owners in Los Ranchos de Albuquerque can better understand their position relative to other areas in NM and the broader U.S.

Property Tax Rates Across Los Ranchos De Albuquerque, Bernalillo County, New Mexico

Source: Ownwell

0.90%

1.22%

1.55%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Los Ranchos De Albuquerque Tax Rate

1.23%

Median Effective Bernalillo County Tax Rate

1.38%

Median Effective New Mexico Tax Rate

0.86%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Los Ranchos De Albuquerque, Bernalillo County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
87107	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Los Ranchos De Albuquerque, Bernalillo County, New Mexico

When examining property taxes in Los Ranchos de Albuquerque, NM, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Bernalillo County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Bernalillo County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Los Ranchos de Albuquerque. For example, the median home price in Los Ranchos de Albuquerque is $590,060, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Los Ranchos De Albuquerque, Bernalillo County, New Mexico

Source: Ownwell

$69,800

$279,013

$488,226

Median Los Ranchos De Albuquerque Market Value

$590,060

Median Bernalillo County Market Value

$164,969

Median New Mexico Market Value

$121,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Los Ranchos De Albuquerque, Bernalillo County, New Mexico

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
87107	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Los Ranchos De Albuquerque, Bernalillo County, New Mexico

In Los Ranchos de Albuquerque, property tax bills are calculated based on the assessed value of a home. The assessed value is typically a percentage of the property's market value, which is determined by the Bernalillo County Assessor's Office. Factors such as the size of the property, location, and any improvements made can influence this valuation. Homeowners in this area experience a median property tax bill that is notably higher than the national median of $2,400, with 25th percentile bills at $5,471 and 90th percentile bills reaching $10,658. These figures reflect the relatively high median home price of $590,060 in the region.

Such high tax bills can be a significant financial burden for homeowners. This is where Ownwell steps in, offering expert property tax appeal services to help homeowners potentially lower their tax bills. By analyzing the assessed value and ensuring it accurately reflects the property's true market value, Ownwell can identify opportunities for savings, providing homeowners with much-needed relief from excessive property tax burdens.

Property Tax Bills Across Los Ranchos De Albuquerque, Bernalillo County, New Mexico

Source: Ownwell

$1,375

$3,472

$5,568

Median Los Ranchos De Albuquerque Tax Bill

$7,279

Median Bernalillo County Tax Bill

$2,460

Median New Mexico Tax Bill

$1,192

Median United States Tax Bill

$2,400

Property Tax Bills Across Los Ranchos De Albuquerque, Bernalillo County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
87107	N/A	N/A	N/A	N/A	N/A

Source: Ownwell