Curry County, New Mexico Property Taxes

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

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

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.85%

Estimate Property Tax Bill

$902

$837

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

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.

Property Tax Rates Across Curry County, New Mexico

Source: Ownwell

0.65%

0.75%

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 Curry County Tax Rate

0.85%

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%
Grady	0.72%	0.72%	0.82%	0.93%	0.93%
Melrose	0.56%	0.58%	0.65%	0.65%	0.65%
Texico	0.65%	0.69%	0.69%	0.76%	0.76%
Floyd	N/A	N/A	N/A	N/A	N/A
Saint Vrain	N/A	N/A	N/A	N/A	N/A

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.

Property Tax Assessment Values Across Curry County, New Mexico

Source: Ownwell

$33,462

$70,861

$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
Grady	$3,524	$25,358	$62,844	$93,191	$149,599
Melrose	$4,181	$16,580	$33,462	$92,596	$171,244
Texico	$4,981	$24,822	$71,604	$150,874	$277,564
Floyd	N/A	N/A	N/A	N/A	N/A
Saint Vrain	N/A	N/A	N/A	N/A	N/A

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. The assessed value is a percentage of the market value, and this figure is then multiplied by the local tax rate to calculate the tax bill. Various factors, such as location and property size, can influence the assessed value, impacting the final tax amount. For homeowners in Curry County, the median property tax bill is significantly lower than the national median, offering some financial relief. The median home price in the county is $106,130, resulting in a tax bill that is generally more affordable compared to the national median tax bill of $2,400. In Clovis, the highest median tax bill is $1,040, while Melrose enjoys the lowest at $261. These figures illustrate the variability in tax burdens within the county, influenced by local property values and tax rates. Understanding these dynamics can help homeowners anticipate their financial obligations and plan accordingly.

Property Tax Bills Across Curry County, New Mexico

Source: Ownwell

$261

$651

$1,040

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
Grady	$172	$272	$628	$865	$1,334
Melrose	$33	$139	$261	$868	$1,273
Texico	$33	$204	$592	$1,274	$2,035
Floyd	N/A	N/A	N/A	N/A	N/A
Saint Vrain	N/A	N/A	N/A	N/A	N/A

Source: Ownwell