Las Cruces, New Mexico Property Taxes
The median property tax rate in Las Cruces, NM is 1.00%, slightly higher than the national median of 0.99% and significantly above the New Mexico state median of 0.86%. With a median home value of $158,290 in Las Cruces, the typical annual property tax bill amounts to $1,534, which is below the national median of $2,690. Property taxes in Las Cruces are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Las Cruces' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Las Cruces or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Las Cruces, New Mexico Property Tax Bill Calculator
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Average Tax Rate
1%
Estimate Property Tax Bill
$1,583
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Ownwell’s LAS CRUCES Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LAS CRUCES with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LAS CRUCES 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 Las Cruces, New Mexico
Property taxes in Las Cruces, New Mexico, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Las Cruces is 1.00%, slightly higher than the U.S. national median of 0.99%. Local government entities within Las Cruces set these rates annually, and they can vary significantly across different neighborhoods. Each year, Las Cruces 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 Las Cruces' effective property tax rate to other areas in Doña Ana County and the national median. For comparison, the 87937 zip code has the highest median property tax rate of 1.08%, while the 88007 zip code has the lowest median tax rate of 0.78%. Understanding how these cities compare with Las Cruces 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 Las Cruces 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 Las Cruces, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87937 | 1.07% | 1.07% | 1.08% | 1.08% | 1.08% |
| 88001 | 0.82% | 0.96% | 1.03% | 1.03% | 1.03% |
| 88004 | 1.02% | 1.02% | 1.02% | 1.02% | 1.02% |
| 88005 | 0.76% | 0.82% | 1.01% | 1.03% | 1.03% |
| 88007 | 0.72% | 0.77% | 0.78% | 0.99% | 1.03% |
| 88008 | 1.02% | 1.02% | 1.02% | 1.02% | 1.02% |
| 88011 | 0.77% | 0.92% | 1.01% | 1.03% | 1.03% |
| 88012 | 0.75% | 0.78% | 1.00% | 1.03% | 1.03% |
| 88072 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Las Cruces, New Mexico
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Las Cruces, NM. 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 Doña 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 Las Cruces, 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. For instance, the highest median tax bill in Las Cruces is $2,604 in the 88008 zip code, while the lowest is $1,040 in the 88001 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Las Cruces Assessed Value
$158,290
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 Las Cruces, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87937 | $27,257 | $56,661 | $105,668 | $154,676 | $184,080 |
| 88001 | $30,175 | $73,672 | $103,988 | $141,100 | $197,931 |
| 88004 | $225,579 | $225,579 | $225,579 | $225,579 | $225,579 |
| 88005 | $14,236 | $65,037 | $138,554 | $204,332 | $309,054 |
| 88007 | $10,261 | $40,772 | $162,242 | $253,300 | $393,636 |
| 88008 | $231,263 | $240,366 | $255,536 | $270,707 | $279,810 |
| 88011 | $116,805 | $177,788 | $250,395 | $337,652 | $439,029 |
| 88012 | $16,146 | $42,012 | $154,996 | $210,000 | $275,804 |
| 88072 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Las Cruces, New Mexico
In Las Cruces, located in Doña Ana County, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the home's market value, which in Las Cruces, has a median of $158,290. Several factors influence the final tax bill, including the property's location within specific zip codes. For instance, homeowners in the 88008 zip code face the highest median tax bill at $2,604, while those in the 88001 zip code encounter the lowest at $1,040. The tax bill can vary significantly, with the 25th percentile paying around $765 and the 90th percentile facing up to $3,184. These differences are due to variations in property values and applicable exemptions. The median property tax rate in Las Cruces is influenced by local government budgets and school funding needs, impacting how much homeowners owe annually. Compared to the national median property tax rate of 0.99%, the rates in Las Cruces can lead to a broad range of tax liabilities for homeowners, affecting their overall financial planning and housing costs.
Average Las Cruces Tax Bill
$1,534
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 Las Cruces, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87937 | $293 | $608 | $1,134 | $1,660 | $1,975 |
| 88001 | $317 | $724 | $1,040 | $1,420 | $1,983 |
| 88004 | $2,300 | $2,300 | $2,300 | $2,300 | $2,300 |
| 88005 | $155 | $703 | $1,390 | $1,985 | $2,808 |
| 88007 | $88 | $375 | $1,450 | $2,135 | $3,071 |
| 88008 | $2,357 | $2,450 | $2,604 | $2,759 | $2,852 |
| 88011 | $1,112 | $1,748 | $2,441 | $3,234 | $4,078 |
| 88012 | $137 | $347 | $1,511 | $2,089 | $2,765 |
| 88072 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell