Roswell, Chaves County, New Mexico Property Taxes

Name: Property Tax Bills Across Roswell, Chaves County, New Mexico
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Roswell, NM effective property tax rate: 0.93%, slightly lower than the national median of 1.02%, but higher than the New Mexico state median of 0.86%.
Median Roswell, NM home value: $77,715
Median annual Roswell, NM tax bill: $674, $1,726 lower than the national median property tax bill of $2,400.

How are property taxes in Chaves calculated?

Property taxes in Roswell, 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 Roswell’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Roswell, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Roswell, Chaves County, New Mexico Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.93%

Estimate Property Tax Bill

$723

$671

Ownwell’s Roswell Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Roswell with just two data points. By entering your property's estimated assessed value, our calculator applies Roswell’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 Chaves County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Roswell, Chaves County, New Mexico

Local government entities are responsible for setting tax rates, and these can differ significantly within a state. This variation is due to the fact that each county determines its necessary budget for providing services each year and divides it by the total assessed value of all taxable property within its area. This calculation yields the property tax rate. Although setting tax rates and budgets involves votes and legal frameworks, this is essentially the annual process.

In Roswell, located in Chaves County, the effective property tax rate is 0.93%, which aligns with the highest and lowest rates in the state. This rate is slightly below the national median property tax rate of 1.02%, offering residents a relatively favorable tax environment. When compared to the national median property tax bill of $2,400, property owners in Roswell might find themselves paying less, depending on their property's assessed value. Such figures indicate that Roswell provides competitive property tax rates within New Mexico, which can be an attractive feature for current and prospective property owners. This consistency in rates can offer a predictable financial landscape for those looking to invest or settle in the area.

Property Tax Rates Across Roswell, Chaves County, New Mexico

Source: Ownwell

0.55%

0.74%

0.93%

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 Roswell Tax Rate

0.93%

Median Effective Chaves County Tax Rate

0.90%

Median Effective New Mexico Tax Rate

0.86%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Roswell, Chaves County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
88201	0.60%	0.74%	0.93%	0.93%	0.93%
88203	0.60%	0.77%	0.93%	0.93%	0.93%

Source: Ownwell

Property Tax Assessment Values Across Roswell, Chaves County, New Mexico

When examining property taxes in Roswell, 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 Chaves County Appraisal District 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 Chaves 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 Roswell.

For example, the median home price in Roswell is $77,715, with tax bills ranging significantly across the county. Zip code 88201 has the highest median home price at $124,668.

Property Tax Assessment Values Across Roswell, Chaves County, New Mexico

Source: Ownwell

$23,547

$74,108

$124,668

Median Roswell Market Value

$77,715

Median Chaves County Market Value

$70,868

Median New Mexico Market Value

$121,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Roswell, Chaves County, New Mexico

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
88201	$18,364	$52,449	$124,668	$202,572	$291,482
88203	$10,373	$34,181	$61,172	$94,416	$136,259

Source: Ownwell

Property Tax Bills Across Roswell, Chaves County, New Mexico

In Roswell, NM, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The local tax rate is applied to this assessed value to determine the tax bill. Factors such as property location, improvements, and exemptions can influence the assessed value. In Roswell, the median property tax bill is notably lower than the national median, with the highest median tax bill reaching $1,081 in the 88201 zip code and the lowest at $532 in the 88203 zip code. For homeowners, this means property taxes can vary significantly depending on neighborhood and property characteristics. Despite these lower rates, homeowners still seek ways to reduce their tax burden. This is where Ownwell's property tax appeal services come in. By identifying discrepancies in property assessments and ensuring all applicable exemptions are applied, Ownwell helps homeowners in Roswell potentially lower their tax bills, providing relief and savings in a region where every dollar counts.

Property Tax Bills Across Roswell, Chaves County, New Mexico

Source: Ownwell

$160

$621

$1,081

Median Roswell Tax Bill

$674

Median Chaves County Tax Bill

$601

Median New Mexico Tax Bill

$1,192

Median United States Tax Bill

$2,400

Property Tax Bills Across Roswell, Chaves County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
88201	$121	$435	$1,081	$1,765	$2,494
88203	$67	$284	$532	$840	$1,205

Source: Ownwell