Carlsbad, Eddy County, New Mexico Property Taxes
Median Carlsbad, NM effective property tax rate: 0.68%, significantly lower than the national median of 1.02%, but lower than the New Mexico state median of 0.86%.
Median Carlsbad, NM home value: $47,618
Median annual Carlsbad, NM tax bill: $381, $2,019 lower than the national median property tax bill of $2,400.
How are property taxes in Eddy County calculated?
Property taxes in Carlsbad, NM are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Carlsbad’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Carlsbad, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Carlsbad, Eddy County, New Mexico Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.68%
Estimate Property Tax Bill
$324
$300
Property Tax Rates Across Carlsbad, Eddy County, New Mexico
Local government entities determine property tax rates, which can differ significantly within a state. Each year, counties like Eddy estimate the budget needed to provide essential services and divide it by the total value of all taxable property in the area. This process establishes the property tax rate. Although votes and legislation play a role in setting these rates and budgets, this is the basic annual procedure.
You can compare Carlsbad’s effective property tax rate to other cities in New Mexico and the median property tax rates in New Mexico and the U.S. Carlsbad, located in Eddy County, has a median property tax rate of 0.68%, which is lower than the national median of 1.02%. This rate is consistent across the county, as seen in the zip code 88220. While New Mexico’s property tax rates are generally lower than the national average, understanding how these rates are set can help property owners make informed decisions about their tax obligations. By appealing or seeking exemptions, property owners in Carlsbad can potentially reduce their tax burden even further.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Carlsbad Tax Rate
0.68%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Eddy County Tax Rate
0.67%
Median Effective New Mexico Tax Rate
0.86%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Carlsbad, Eddy County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 88220 | 0.55% | 0.66% | 0.68% | 0.83% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Carlsbad, Eddy County, New Mexico
When examining property taxes in Carlsbad, NM, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Eddy County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Eddy County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Carlsbad. For example, the median home price in Carlsbad is $47,618, with tax bills ranging significantly across the county. 88220 has the highest median home price at $47,618.
Property Tax Assessment Values Across Carlsbad, Eddy County, New Mexico
Source: Ownwell
$17,628
$103,055
$188,482
Median Carlsbad Market Value
$47,618
Median Eddy County Market Value
$48,197
Median New Mexico Market Value
$121,540
Median United States Market Value
$235,294
Property Tax Assessment Values Across Carlsbad, Eddy County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 88220 | $4,800 | $12,345 | $47,618 | $139,572 | $285,056 |
Source: Ownwell
Property Tax Bills Across Carlsbad, Eddy County, New Mexico
In Carlsbad, NM, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The median home price in Carlsbad is $47,618, and the median property tax bill is $381, significantly lower than the national median of $2,400. This discrepancy highlights the affordability of property taxes in Carlsbad compared to the national average. However, homeowners in the area still face challenges, as tax bills can range significantly, with the 25th percentile at $108 and the 90th percentile reaching $2,112. These variations depend on factors such as property location, improvements, and changes in market conditions.
Ownwell offers valuable assistance to homeowners in Carlsbad by providing property tax appeal and exemption services. By leveraging their expertise, homeowners can potentially reduce their tax burdens. Ownwell’s professionals work to ensure that properties are fairly assessed, helping homeowners save money and alleviate financial strain. Through tailored strategies, Ownwell helps clients navigate the complexities of property tax systems, ensuring they pay only their fair share.
Median Carlsbad Tax Bill
$381
Median Eddy County Tax Bill
$355
Median New Mexico Tax Bill
$1,192
Median United States Tax Bill
$2,400
Property Tax Bills Across Carlsbad, Eddy County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 88220 | $35 | $108 | $381 | $1,086 | $2,112 |
Source: Ownwell