Harding County Property Taxes
The median property tax rate in Harding County is 0.72%, which is considerably lower than both the national median of 0.99% and the New Mexico state median of 0.86%. With the median home value in Harding County at $98,475, the typical annual property tax bill amounts to $705, significantly below the national median of $2,690. Property taxes in Harding County are determined based on the tax assessed value, which is often lower than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Harding County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide substantial annual savings. Whether you live in Mosquero or another part of Harding County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Harding County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$709
$658
Ownwell’s Harding County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Harding County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Harding County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Harding County, New Mexico
Property taxes in Harding County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Harding County is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within Harding County set these rates annually, and they can vary significantly between different areas within the county. Each year, Harding County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Harding County's effective property tax rate with other areas in New Mexico and the national median. For comparison, the city of Clayton has one of the higher property tax rates in New Mexico at 0.90%, while the city of Roy boasts one of the lowest at 0.63%. Analyzing how Harding County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Harding County Tax Rate
0.72%
Average New Mexico Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Harding County, New Mexico
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Harding County. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Harding County Appraisal District. The assessed value, however, 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 in Harding County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Harding County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Clayton has the highest median tax bill at $2,191, while Roy has the lowest at $349.
Property Tax Assessment Values Across Harding County, New Mexico
Source: Ownwell
$51,189
$147,678
$244,167
Average Harding County Assessed Value
$98,475
Average New Mexico Assessed Value
$121,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Harding County, New Mexico
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Clayton | $118,938 | $244,167 | $244,167 | $244,167 | $252,105 |
| Logan | $67,922 | $110,381 | $230,109 | $323,550 | $323,637 |
| Mills | $87,801 | $87,801 | $216,117 | $352,491 | $352,491 |
| Mosquero | $8,766 | $30,092 | $65,511 | $297,351 | $406,158 |
| Roy | $5,316 | $16,578 | $51,189 | $115,671 | $318,393 |
| Solano | $53,322 | $61,668 | $61,668 | $90,298 | $115,671 |
Source: Ownwell
Property Tax Bills Across Harding County, New Mexico
In Harding County, NM, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to arrive at the annual tax bill. Several factors influence the assessed value, including the property's market value, location, and any applicable exemptions or deductions. For homeowners in Harding County, the median home price stands at $98,475. Tax bills can vary significantly, with the 25th percentile tax bill at $343 and the 75th percentile tax bill reaching $2,191. The highest median tax bill in the county is found in Clayton at $2,191, while the lowest is in Roy at $349. Compared to the national median property tax rate of 0.99%, Harding County's property tax rates can be seen as relatively moderate, but they still impact homeowners differently depending on their property's assessed value and location. This variability underscores the importance of understanding how local property taxes are calculated and their potential financial impact.
Average Harding County Tax Bill
$705
Average New Mexico Tax Bill
$1,192
Average United States Tax Bill
$2,690