De Baca County, New Mexico Property Taxes
The median property tax rate in De Baca County is 0.78%, which is lower than both the national median of 0.99% and the New Mexico state median of 0.86%. With the median home value in De Baca County at $35,902, the typical annual property tax bill is $297, significantly below the national median of $2,690. Property taxes in De Baca County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding De Baca 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 Fort Sumner or another part of De Baca County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
De Baca County, New Mexico Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$280
$260
Ownwell’s De Baca Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in De Baca with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in De Baca 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 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 De Baca County, New Mexico
Property taxes in De Baca County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in De Baca County is 0.78%, which is lower than the U.S. national median of 0.99%. Local government entities within De Baca County set these rates annually, and they can vary significantly between different areas within the county. Each year, De Baca 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 Fort Sumner has one of the higher property tax rates in the region at 0.78%, while the city of Yeso boasts one of the lowest at 0.76%. Analyzing how De Baca County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average De Baca County Tax Rate
0.78%
Average New Mexico Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across De Baca County, New Mexico
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Fort Sumner | 0.67% | 0.77% | 0.78% | 0.84% | 1.04% |
| Taiban | 0.67% | 0.72% | 0.77% | 0.78% | 0.78% |
| Yeso | 0.68% | 0.74% | 0.76% | 0.77% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across De Baca County, New Mexico
In De Baca 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 De Baca 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 De Baca 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, Taiban has the highest median tax bill at $461, while Fort Sumner has the lowest at $295. Being aware of these valuation processes in De Baca County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across De Baca County, New Mexico
Source: Ownwell
$35,298
$45,366
$55,434
Average De Baca County Assessed Value
$35,902
Average New Mexico Assessed Value
$121,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across De Baca County, New Mexico
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Fort Sumner | $5,573 | $16,688 | $35,298 | $69,134 | $119,069 |
| Taiban | $12,688 | $24,234 | $51,957 | $98,514 | $121,472 |
| Yeso | $3,035 | $25,161 | $55,434 | $87,810 | $107,489 |
Source: Ownwell
Property Tax Bills Across De Baca County, New Mexico
In De Baca County, NM, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax bill. Various factors influence the assessed value, including the property's location, size, and condition. For homeowners in De Baca County, the median home price is $35,902. Property tax bills can vary significantly within the county. For instance, the 25th percentile tax bill is $130, while the 75th percentile tax bill reaches $628. At the higher end, the 90th percentile tax bill is $1,256. Comparatively, Taiban has the highest median tax bill at $461, whereas Fort Sumner has the lowest at $295. These property taxes are crucial for funding local services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. Understanding these factors helps homeowners anticipate and manage their property tax obligations effectively.
Average De Baca County Tax Bill
$297
Average New Mexico Tax Bill
$1,192
Average United States Tax Bill
$2,690
Property Tax Bills Across De Baca County, New Mexico
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Fort Sumner | $46 | $130 | $295 | $619 | $1,256 |
| Taiban | $97 | $225 | $461 | $770 | $900 |
| Yeso | $24 | $190 | $431 | $636 | $820 |
Source: Ownwell