Cibola County, New Mexico Property Taxes
The median property tax rate in Cibola County is 0.98%, which is slightly lower than the national median of 0.99% but higher than the New Mexico state median of 0.86%. With a median home value of $45,831 in Cibola County, the typical annual property tax bill is around $449, significantly lower than the national median of $2,690. Property taxes in Cibola County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions such as primary residence and agricultural exemptions. Understanding Cibola County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Grants or another part of Cibola County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cibola County, New Mexico Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$449
$417
Ownwell’s Cibola Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cibola with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Cibola 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 Cibola County, New Mexico
Property taxes in Cibola County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Cibola County is 0.98%, which is just below the U.S. national median of 0.99%. Local government entities within Cibola County set these rates annually, and they can vary significantly between different areas within the county. Each year, Cibola 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. For comparison, the city of Grants has one of the higher property tax rates in the region at 1.06%, while the city of Fence Lake boasts one of the lowest at 0.63%. Analyzing how Cibola County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Cibola County Tax Rate
0.98%
Average New Mexico Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cibola County, New Mexico
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bluewater | 0.80% | 0.93% | 0.98% | 0.98% | 0.98% |
| Casa Blanca | N/A | N/A | N/A | N/A | N/A |
| Cubero | 0.69% | 0.93% | 0.94% | 0.97% | 0.98% |
| Fence Lake | 0.50% | 0.62% | 0.63% | 0.91% | 0.94% |
| Grants | 0.86% | 0.94% | 1.06% | 1.13% | 1.13% |
| Laguna | N/A | N/A | N/A | N/A | N/A |
| Milan | 0.79% | 0.94% | 1.02% | 1.03% | 1.06% |
| Paguate | N/A | N/A | N/A | N/A | N/A |
| Pinehill | 0.77% | 0.94% | 0.95% | 0.98% | 1.03% |
| Prewitt | 0.75% | 0.94% | 0.95% | 0.95% | 0.95% |
| Ramah | 0.80% | 0.92% | 0.95% | 0.97% | 1.01% |
| San Fidel | 0.75% | 0.94% | 0.94% | 0.98% | 0.98% |
| San Mateo | N/A | N/A | N/A | N/A | N/A |
| San Rafael | 0.70% | 0.93% | 0.94% | 0.97% | 0.97% |
| Thoreau | 0.86% | 0.95% | 0.95% | 0.95% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Cibola County, New Mexico
In Cibola, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. 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 Cibola 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 Cibola 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, the city with the highest median tax bill is San Mateo at $2,633, while San Rafael has the lowest at $233. Being aware of these valuation processes in Cibola will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Cibola County, New Mexico
Source: Ownwell
$25,925
$63,601
$101,276
Average Cibola County Assessed Value
$45,831
Average New Mexico Assessed Value
$121,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cibola County, New Mexico
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bluewater | $9,717 | $19,175 | $37,238 | $73,492 | $91,840 |
| Casa Blanca | N/A | N/A | N/A | N/A | N/A |
| Cubero | $4,679 | $12,391 | $31,607 | $66,067 | $106,861 |
| Fence Lake | $4,890 | $15,492 | $40,712 | $95,874 | $159,123 |
| Grants | $5,065 | $19,637 | $55,736 | $94,740 | $153,027 |
| Laguna | N/A | N/A | N/A | N/A | N/A |
| Milan | $3,464 | $6,614 | $27,934 | $64,411 | $103,096 |
| Paguate | N/A | N/A | N/A | N/A | N/A |
| Pinehill | $14,386 | $26,678 | $51,185 | $94,127 | $152,342 |
| Prewitt | $6,970 | $11,712 | $26,137 | $36,960 | $56,624 |
| Ramah | $13,773 | $34,174 | $80,828 | $174,642 | $276,853 |
| San Fidel | $4,511 | $9,510 | $29,621 | $67,140 | $177,120 |
| San Mateo | N/A | N/A | N/A | N/A | N/A |
| San Rafael | $2,751 | $5,802 | $27,822 | $71,001 | $118,239 |
| Thoreau | $12,014 | $20,652 | $37,558 | $63,452 | $102,778 |
Source: Ownwell
Property Tax Bills Across Cibola County, New Mexico
In Cibola County, NM, property tax bills are calculated based on the assessed value of a home, which is determined by the county's appraisal district. The assessed value is a percentage of the home's market value. Various factors such as property size, location, and condition are considered to determine this value. Homeowners in Cibola County see a range of property tax bills, with the 25th percentile at $131 and the 75th percentile reaching $871. For those in the 90th percentile, the tax bill can be as high as $1,437. Comparatively, the national median property tax rate is 0.99%, highlighting that Cibola County's tax rates may be more favorable for some homeowners. However, the financial impact of these taxes can vary significantly based on individual property assessments. For instance, while residents in San Mateo face the highest median tax bill of $2,633, those in San Rafael enjoy the lowest median at $233, showcasing the diversity in tax burdens across different regions.
Average Cibola County Tax Bill
$449
Average New Mexico Tax Bill
$1,192
Average United States Tax Bill
$2,690
Property Tax Bills Across Cibola County, New Mexico
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bluewater | $58 | $188 | $340 | $675 | $904 |
| Casa Blanca | N/A | N/A | N/A | N/A | N/A |
| Cubero | $36 | $97 | $267 | $616 | $1,004 |
| Fence Lake | $23 | $97 | $299 | $639 | $1,162 |
| Grants | $50 | $194 | $580 | $982 | $1,614 |
| Laguna | N/A | N/A | N/A | N/A | N/A |
| Milan | $31 | $67 | $274 | $636 | $1,003 |
| Paguate | N/A | N/A | N/A | N/A | N/A |
| Pinehill | $120 | $241 | $442 | $880 | $1,428 |
| Prewitt | $66 | $109 | $241 | $338 | $518 |
| Ramah | $117 | $306 | $709 | $1,575 | $2,580 |
| San Fidel | $44 | $97 | $313 | $631 | $1,722 |
| San Mateo | N/A | N/A | N/A | N/A | N/A |
| San Rafael | $23 | $47 | $233 | $635 | $1,055 |
| Thoreau | $113 | $186 | $341 | $572 | $930 |
Source: Ownwell