Santa Rosa, Guadalupe County, New Mexico Property Taxes
The median property tax rate in Santa Rosa, NM is 0.82%, which is lower than both the national median of 0.99% and the New Mexico state median of 0.86%. With the median home value in Santa Rosa at $21,879, the typical annual property tax bill is $167, significantly below the national median of $2,690. Property taxes in Santa Rosa are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Santa Rosa'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 Santa Rosa 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
Santa Rosa, Guadalupe County, New Mexico Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$179
$166
Ownwell’s Santa Rosa Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Santa Rosa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Santa Rosa 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 Santa Rosa, Guadalupe County, New Mexico
Property taxes in Santa Rosa, 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 Santa Rosa is 0.82%, which is below the U.S. national median of 0.99%. Local government entities within Santa Rosa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Santa Rosa 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 Santa Rosa's effective property tax rate to other counties in New Mexico and the national median. For comparison, the zip code 88435 has the highest median property tax rate of 0.82%, while the same zip code also has the lowest median tax rate of 0.82%. Understanding how these areas compare with Santa Rosa 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 Santa Rosa Tax Rate
0.82%
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 Santa Rosa, Guadalupe County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 88435 | 0.60% | 0.78% | 0.82% | 0.93% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Santa Rosa, Guadalupe County, New Mexico
In Santa Rosa, 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 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. 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 Santa Rosa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $167.00 in the 88435 zip code, reflecting the uniformity in the tax assessments within this region.
Property Tax Assessment Values Across Santa Rosa, Guadalupe County, New Mexico
Source: Ownwell
$10,938
$29,358
$47,778
Average Santa Rosa Assessed Value
$21,879
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 Santa Rosa, Guadalupe County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 88435 | $4,257 | $7,020 | $21,879 | $49,545 | $115,745 |
Source: Ownwell
Property Tax Bills Across Santa Rosa, Guadalupe County, New Mexico
In Santa Rosa, property tax bills are calculated based on the assessed value of a home, which is determined by the Guadalupe County Assessor's Office. The assessed value is a percentage of the market value of the property. Homeowners in Santa Rosa can expect their property tax bill to vary significantly depending on their property's assessed value. For instance, the 25th percentile tax bill is around $59, while those in the 75th percentile see bills closer to $425. At the 90th percentile, tax bills can reach up to $1000. Several factors influence these tax bills, including property size, location, and any improvements made to the property. Homeowners should be aware that these taxes fund essential local services such as schools, roads, and emergency services, directly impacting the community's quality of life. Compared to the national median property tax rate of 0.99%, Santa Rosa's rates can be considered relatively moderate, providing a balanced approach to funding public services while not overly burdening homeowners.
Average Santa Rosa Tax Bill
$167
Average Guadalupe County Tax Bill
$178
Average New Mexico Tax Bill
$1,192
Average United States Tax Bill
$2,690
Property Tax Bills Across Santa Rosa, Guadalupe County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 88435 | $34 | $59 | $167 | $425 | $1,000 |
Source: Ownwell