Dona Ana, New Mexico Property Taxes
The median property tax rate in Dona Ana, NM is 0.78%, which is lower than both the national median of 0.99% and the New Mexico state median of 0.86%. With a median home value of $64,748 in Dona Ana, the typical annual property tax bill is $480, well below the national median of $2,690. Property taxes in Dona Ana are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Dona Ana's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Dona Ana or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dona Ana, New Mexico Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$505
Ownwell’s DONA ANA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in DONA ANA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in DONA ANA to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Dona Ana, New Mexico
Property taxes in Dona Ana, New Mexico, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Dona Ana is 0.78%, which is lower than the U.S. national median of 0.99%. Local government entities within Dona Ana set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dona Ana estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Dona Ana's effective property tax rate to other counties in New Mexico and the national median. For comparison, the 88032 zip code has the highest median property tax rate of 0.78%, while the same zip code also has the lowest median tax rate of 0.78%. Understanding how these areas compare with Dona Ana provides valuable insights into the varying tax landscape across the county, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dona Ana Tax Rate
0.78%
Average Doaana County Tax Rate
1.02%
Average New Mexico Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dona Ana, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 88032 | 0.58% | 0.72% | 0.78% | 0.78% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Dona Ana, New Mexico
In Dona Ana, New Mexico, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Dona Ana County Assessor for tax purposes. In contrast, the assessed value 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. In Dona Ana, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Dona Ana helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In zip code 88032, the highest and lowest median tax bills are both $480, which offers a unique insight into the area's property tax landscape.
Average Dona Ana Assessed Value
$64,748
Average Doaana County Assessed Value
$120,428
Average New Mexico Assessed Value
$121,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dona Ana, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 88032 | $11,201 | $20,111 | $64,748 | $107,322 | $144,700 |
Source: Ownwell
Property Tax Bills Across Dona Ana, New Mexico
In Dona Ana, NM, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is a percentage of the property's market value. Homeowners in Dona Ana can expect a median property tax bill of $480, which is considerably lower than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. For instance, homeowners may qualify for exemptions that reduce the taxable value of their property, thereby lowering their tax bill. The tax bill can vary significantly, with the 25th percentile at $166 and the 75th percentile at $816, indicating a wide range of property values and corresponding tax liabilities. The highest median tax bill in Dona Ana is also $480, found in the zip code 88032. Understanding how these factors come into play can help homeowners better anticipate their annual property tax obligations and plan their finances accordingly.
Average Dona Ana Tax Bill
$480
Average Doaana County Tax Bill
$1,201
Average New Mexico Tax Bill
$1,192
Average United States Tax Bill
$2,690
Property Tax Bills Across Dona Ana, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 88032 | $84 | $166 | $480 | $816 | $1,114 |
Source: Ownwell