Curry County, New Mexico Property Taxes
The median property tax rate in Curry County is 0.85%, which is slightly lower than both the New Mexico state median of 0.86% and the national median of 0.99%. With the median home value in Curry County at $106,130, the typical annual property tax bill is approximately $1,019, significantly lower than the national median of $2,690. Property taxes in Curry County are calculated based on the tax assessed value, which usually falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Curry 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 Clovis or another part of Curry County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Curry County, New Mexico Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$902
$837
Ownwell’s Curry County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Curry County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Curry County to estimate your property tax bill. This insightful tool 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's 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 Curry County, New Mexico
Property taxes in Curry County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Curry County is 0.85%, which is lower than the U.S. national median of 0.99%. Local government entities within Curry County set these rates annually, and they can vary significantly between different areas within the county. Each year, Curry 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. The following data compares Curry County's effective property tax rate with other counties in New Mexico and the national median. For comparison, the city of Clovis has one of the higher property tax rates in New Mexico at 0.85%, while the city of Saint Vrain boasts one of the lowest at 0.53%. Analyzing how Curry County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Curry County Tax Rate
0.85%
Average New Mexico Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Curry County, New Mexico
In Curry County, 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 Curry County 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 Curry County 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, Clovis has the highest median tax bill at $1,040, while Melrose has the lowest at $261. Being aware of these valuation processes in Curry County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Curry County Assessed Value
$106,130
Average New Mexico Assessed Value
$121,540
Average United States Assessed Value
$244,900
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
In Curry County, NM, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. The assessed value is a percentage of the market value, reflecting current real estate trends. For example, with a median home price of $106,130, various factors such as location, property size, and improvements play a role in determining this value. Homeowners in Curry County face a range of property tax bills. The 25th percentile tax bill is $419, while the 75th percentile tax bill reaches $1,662, and the 90th percentile can go up to $2,220. These figures illustrate the variation in tax burdens depending on property values and other assessment factors. In comparison, the national median property tax rate is 0.99%, highlighting that some areas within Curry County, like Clovis, have higher median tax bills at $1,040, whereas Melrose has the lowest median tax bill at $261. Understanding these assessments helps homeowners anticipate their financial obligations and plan accordingly.
Average Curry County Tax Bill
$1,019
Average New Mexico Tax Bill
$1,192
Average United States Tax Bill
$2,690