Curry County, New Mexico Property Taxes
Median Curry County effective property tax rate: 0.85%, significantly lower than the national median of 1.02%. Median Curry County home value: $106,130. Median annual Curry County tax bill: $1,019, $1,381 lower than the national median property tax bill of $2,400.
How are property taxes in Curry County calculated?
Property taxes in Curry County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Clovis or another part of Curry County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Curry County, New Mexico Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.85%
Estimate Property Tax Bill
$902
$837
Property Tax Rates Across Curry County, New Mexico
Local government entities are responsible for setting property tax rates, which can differ significantly within a state. Each county annually estimates the budget required to provide essential services and divides this amount by the total value of all taxable properties within its jurisdiction. This process determines the property tax rate. While the setting of tax rates and budgets involves votes and laws, this is the basic annual procedure.
In Curry County, the effective property tax rate is relatively competitive when compared to other counties in New Mexico and the national median property tax rate of 1.02%. This makes Curry County an attractive option for homeowners seeking lower property tax rates. For instance, Clovis, a city within Curry County, has one of the highest median tax rates in the area, while Melrose boasts one of the lowest. This variation offers potential homeowners and investors a range of options depending on their financial preferences and priorities. Understanding these differences can be crucial for making informed decisions about property investments in the region.
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 Curry County Tax Rate
0.85%
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 New Mexico Tax Rate
0.86%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Curry County, New Mexico
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Broadview | 0.57% | 0.68% | 0.72% | 0.72% | 0.72% |
| Clovis | 0.69% | 0.78% | 0.85% | 0.85% | 0.85% |
| Floyd | N/A | N/A | N/A | N/A | N/A |
| Grady | 0.72% | 0.72% | 0.82% | 0.93% | 0.93% |
| Melrose | 0.56% | 0.58% | 0.65% | 0.65% | 0.65% |
| Saint Vrain | N/A | N/A | N/A | N/A | N/A |
| Texico | 0.65% | 0.69% | 0.69% | 0.76% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Curry County, New Mexico
When examining property taxes in Curry County, 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 Curry 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.
Assessment notices:
Assessment notices in Curry County 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 Curry County.
For example, the median tax bill in Curry County is $1040, with tax bills ranging significantly across the county. Clovis has the highest median home price at $108,260.
Median Curry County Market Value
$106,130
Median New Mexico Market Value
$121,540
Median United States Market Value
$235,294
Property Tax Assessment Values Across Curry County, New Mexico
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Broadview | $5,947 | $18,298 | $46,512 | $102,603 | $121,459 |
| Clovis | $5,747 | $37,250 | $108,260 | $190,982 | $261,911 |
| Floyd | N/A | N/A | N/A | N/A | N/A |
| Grady | $3,524 | $25,358 | $62,844 | $93,191 | $149,599 |
| Melrose | $4,181 | $16,580 | $33,462 | $92,596 | $171,244 |
| Saint Vrain | N/A | N/A | N/A | N/A | N/A |
| Texico | $4,981 | $24,822 | $71,604 | $150,874 | $277,564 |
Source: Ownwell
Property Tax Bills Across Curry County, New Mexico
Median Curry County Tax Bill
$1,019
Median New Mexico Tax Bill
$1,192
Median United States Tax Bill
$2,400
Property Tax Bills Across Curry County, New Mexico
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Broadview | $101 | $219 | $492 | $743 | $961 |
| Clovis | $84 | $434 | $1,040 | $1,677 | $2,228 |
| Floyd | N/A | N/A | N/A | N/A | N/A |
| Grady | $172 | $272 | $628 | $865 | $1,334 |
| Melrose | $33 | $139 | $261 | $868 | $1,273 |
| Saint Vrain | N/A | N/A | N/A | N/A | N/A |
| Texico | $33 | $204 | $592 | $1,274 | $2,035 |
Source: Ownwell