Ruidoso, Lincoln County, New Mexico Property Taxes

Name: Property Tax Bills Across Ruidoso, Lincoln County, New Mexico
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Ruidoso, NM effective property tax rate: 0.99%, slightly lower than the national median of 1.02%, but higher than the New Mexico state median of 0.86%.
Median Ruidoso, NM home value: $98,895
Median annual Ruidoso, NM tax bill: $1,232, $1,168 lower than the national median property tax bill of $2,400.

How are property taxes in Lincoln County calculated?

Property taxes in Ruidoso, 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 Ruidoso’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ruidoso, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Ruidoso, Lincoln County, New Mexico Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.99%

Estimate Property Tax Bill

$979

$909

Ownwell’s Ruidoso Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ruidoso with just two data points. By entering your property's estimated assessed value, our calculator applies Ruidoso’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Lincoln County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Ruidoso, Lincoln County, New Mexico

Local government entities set tax rates, which can vary widely within a state. The annual process involves each county estimating its required budget to provide services and dividing that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the essence of the process.

In Ruidoso, located in Lincoln County, NM, the effective property tax rate stands at 0.99%. This rate is comparable to the highest and lowest median tax rates within the region, both at 0.99% in the 88345 zip code. When compared to the national median property tax rate of 1.02%, Ruidoso's rate is slightly below the national average. This can translate to potential savings for property owners in the area.

Understanding these rates is crucial for homeowners looking to manage their expenses effectively. Comparing Ruidoso’s tax rate to other cities within New Mexico and the broader U.S. context can provide valuable insights for property owners seeking to optimize their property tax obligations.

Property Tax Rates Across Ruidoso, Lincoln County, New Mexico

Source: Ownwell

0.53%

0.79%

1.05%

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 Ruidoso Tax Rate

0.99%

Median Effective Lincoln County Tax Rate

0.99%

Median Effective New Mexico Tax Rate

0.86%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Ruidoso, Lincoln County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
88345	0.83%	0.99%	0.99%	1.04%	1.05%

Source: Ownwell

Property Tax Assessment Values Across Ruidoso, Lincoln County, New Mexico

When examining property taxes in Ruidoso, 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 Lincoln County Assessor's Office 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 Lincoln County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Ruidoso. For example, the median home price in Ruidoso is $98,895, with tax bills ranging significantly across the county. Zip code 88345 has the highest median home price at $98,895.

Property Tax Assessment Values Across Ruidoso, Lincoln County, New Mexico

Source: Ownwell

$30,558

$148,916

$267,273

Median Ruidoso Market Value

$98,895

Median Lincoln County Market Value

$90,750

Median New Mexico Market Value

$121,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Ruidoso, Lincoln County, New Mexico

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
88345	$9,636	$25,005	$98,895	$220,482	$482,559

Source: Ownwell

Property Tax Bills Across Ruidoso, Lincoln County, New Mexico

In Ruidoso, located in Lincoln County, NM, property tax bills are calculated based on the assessed value of a home. The local government determines this assessed value, which is then multiplied by the local tax rate to produce the annual tax bill. While the national median property tax rate stands at 1.02%, Ruidoso homeowners face varying tax bills. For instance, the 25th percentile tax bill is $423, while the 75th percentile reaches $2,472, and the 90th percentile soars to $5,504. These figures highlight the potential financial burden on homeowners, especially when compared to the national median property tax bill of $2,400. Homeowners in Ruidoso can benefit significantly from appealing their property tax assessments. Ownwell specializes in providing expert property tax appeal services, ensuring that homeowners are not overpaying. By leveraging local data and expertise, Ownwell can identify discrepancies in assessed values, potentially reducing the tax burden for homeowners and ensuring they pay only their fair share.

Property Tax Bills Across Ruidoso, Lincoln County, New Mexico

Source: Ownwell

$441

$1,372

$2,303

Median Ruidoso Tax Bill

$1,232

Median Lincoln County Tax Bill

$1,235

Median New Mexico Tax Bill

$1,192

Median United States Tax Bill

$2,400

Property Tax Bills Across Ruidoso, Lincoln County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
88345	$103	$423	$1,232	$2,472	$5,504

Source: Ownwell