La Mesa, New Mexico Property Taxes
The median property tax rate in LA MESA, NM is 1.00%, slightly above the national median of 0.99% and notably higher than the New Mexico state median of 0.86%. With the median home value in LA MESA at $99,928, the typical annual property tax bill amounts to $996, which is lower than the national median of $2,690. Property taxes in LA MESA are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding LA MESA'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 LA MESA 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
La Mesa, New Mexico Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$999
$927
Ownwell’s LA MESA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LA MESA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LA MESA 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 La Mesa, New Mexico
Property taxes in LA MESA, New Mexico, are essential for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in LA MESA is 0.94%, slightly lower than the New Mexico state median of 0.55% but still below the U.S. national median of 0.99%. Local government entities within LA MESA set these rates annually, and they can vary significantly across different neighborhoods. Each year, LA MESA 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 LA MESA's effective property tax rate to other counties in New Mexico and the national median. For comparison, the 88044 zip code has the highest median property tax rate of 0.94%, while the same zip code also has the lowest median tax rate of 0.94%. Understanding how these cities compare with LA MESA provides valuable insights into the varying tax landscape across Doña Ana County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average La Mesa Tax Rate
1.00%
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 La Mesa, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 88044 | 0.75% | 0.78% | 1.00% | 1.02% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across La Mesa, New Mexico
In LA MESA, 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 DoaAna County Assessor's Office 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 LA MESA, 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 LA MESA helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the region are both $996.00, found in the 88044 zip code.
Average La Mesa Assessed Value
$99,928
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 La Mesa, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 88044 | $12,266 | $31,827 | $99,928 | $207,147 | $306,454 |
Source: Ownwell
Property Tax Bills Across La Mesa, New Mexico
In La Mesa, located in Doña Ana County, NM, property tax bills are determined based on the assessed value of a home, which is calculated as a percentage of its market value. Homeowners in La Mesa face a median property tax rate that is reflective of local government budget needs and public services funding. The median home price in La Mesa is $99,928, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $315, while the 75th percentile tax bill reaches $1,832, and the 90th percentile tax bill can be as high as $2,658. These variations are influenced by factors such as property size, location, and any applicable exemptions or deductions. Homeowners in La Mesa should be aware that their property tax bills are not only a reflection of their home's assessed value but also an essential contribution to the community's infrastructure, schools, and other public services. This ensures that the local area remains well-maintained and continues to provide necessary amenities to its residents.
Average La Mesa Tax Bill
$996
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 La Mesa, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 88044 | $118 | $315 | $996 | $1,832 | $2,658 |
Source: Ownwell