La Loma, Guadalupe County, New Mexico Property Taxes
The median property tax rate in LA LOMA, 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 in LA LOMA, the typical annual property tax bill is $86, significantly below the national median of $2,690. Property taxes in LA LOMA are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding LA LOMA's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of LA LOMA or another part of Guadalupe County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
La Loma, Guadalupe County, New Mexico Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$85
$79
Ownwell’s LA LOMA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LA LOMA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LA LOMA 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 Loma, Guadalupe County, New Mexico
Property taxes in LA LOMA, 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 LA LOMA is 0.78%, which is lower than the New Mexico state median and the U.S. national median of 0.99%. Local government entities within LA LOMA set these rates annually, and they can vary significantly across different neighborhoods. Each year, LA LOMA 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 LOMA's effective property tax rate to other counties in New Mexico and the national median. For comparison, the zip code 87724 in Guadalupe County holds the highest median property tax rate of 0.78%, which is the same as the lowest median tax rate in the same zip code. Understanding how these cities compare with LA LOMA provides valuable insights into the varying tax landscape across Guadalupe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average La Loma Tax Rate
0.78%
Average Guadalupe County Tax Rate
0.78%
Average New Mexico Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across La Loma, Guadalupe County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87724 | 0.42% | 0.64% | 0.78% | 0.78% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across La Loma, Guadalupe County, New Mexico
In LA LOMA, 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 Guadalupe 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 LA LOMA, 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 LOMA helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip codes with the highest and lowest tax bills are 338 and 45, respectively.
Property Tax Assessment Values Across La Loma, Guadalupe County, New Mexico
Source: Ownwell
$10,938
$29,358
$47,778
Average La Loma Assessed Value
$10,938
Average Guadalupe County Assessed Value
$22,948
Average New Mexico Assessed Value
$121,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across La Loma, Guadalupe County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87724 | $4,948 | $7,644 | $10,938 | $26,402 | $47,408 |
Source: Ownwell
Property Tax Bills Across La Loma, Guadalupe County, New Mexico
In LA LOMA, located in Guadalupe County, NM, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is a percentage of the market value, reflecting the property's worth as of the most recent assessment. The tax rate is then applied to this assessed value to determine the annual property tax bill. Several factors influence the tax bill, including the property's location, size, and condition, as well as any applicable exemptions or deductions. For instance, the median home price in LA LOMA is $10,938, with property tax bills varying significantly across different percentiles. Homeowners in the 25th percentile pay around $45 annually, while those in the 75th percentile face a tax bill of approximately $194. At the 90th percentile, the tax bill can reach up to $338. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for homeowners in the region. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average La Loma Tax Bill
$86
Average Guadalupe County Tax Bill
$178
Average New Mexico Tax Bill
$1,192
Average United States Tax Bill
$2,690
Property Tax Bills Across La Loma, Guadalupe County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87724 | $31 | $45 | $86 | $194 | $338 |
Source: Ownwell