Mesquite, New Mexico Property Taxes
The median property tax rate in Mesquite, NM is 1.02%, slightly higher than both the national median of 0.99% and the New Mexico state median of 0.86%. With the median home value in Mesquite, the typical annual property tax bill reaches $301, which is significantly lower than the national median of $2,690. Property taxes in Mesquite are calculated based on the tax assessed value, which generally falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Mesquite'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 Mesquite 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
Mesquite, New Mexico Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$310
$287
Ownwell’s Mesquite Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Mesquite with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mesquite to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Mesquite, New Mexico
Property taxes in Mesquite, New Mexico, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mesquite is 0.73%, which is significantly lower than both the New Mexico state median of 0.55% and the U.S. national median of 0.99%. Local government entities within Mesquite set these rates annually, and they can vary considerably across different neighborhoods. Each year, Mesquite 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 Mesquite's effective property tax rate to other counties in New Mexico and the national median. For comparison, the 88048 zip code has the highest median property tax rate of 0.73%, while the same zip code also has the lowest median tax rate of 0.73%. Understanding how these areas compare with Mesquite 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 Mesquite Tax Rate
1.02%
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 Mesquite, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 88048 | 0.67% | 0.94% | 1.02% | 1.02% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Mesquite, New Mexico
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Mesquite, New Mexico. 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 Appraisal District 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 Mesquite, 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. For instance, the median home price in Mesquite is $30,363, with the 25th percentile tax bill at $127 and the 75th percentile tax bill at $966. The highest and lowest median tax bills are both $301, found in the 88048 zip code. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mesquite Assessed Value
$30,363
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 Mesquite, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 88048 | $6,000 | $13,640 | $30,363 | $96,276 | $161,873 |
Source: Ownwell
Property Tax Bills Across Mesquite, New Mexico
In Mesquite, NM, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. This assessed value is a percentage of the property's market value. For homeowners in Doña Ana County, the median home price is $30,363. The property tax rate is then applied to this assessed value to determine the tax bill. Factors such as property location, size, and improvements can influence the assessed value. The tax bill can vary significantly, with the 25th percentile at $127 and the 75th percentile at $966. At the 90th percentile, homeowners can expect to pay around $1,582. The highest median tax bill in the area is $301, found in the 88048 zip code. Compared to the national median property tax rate of 0.99%, Mesquite's property taxes can be relatively low, providing some financial relief to homeowners. However, the actual tax burden can still impact household budgets, making it essential for homeowners to understand their assessed values and potential exemptions.
Average Mesquite Tax Bill
$301
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 Mesquite, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 88048 | $48 | $127 | $301 | $966 | $1,582 |
Source: Ownwell