Los Alamos County, New Mexico Property Taxes
The median property tax rate in Los Alamos County is 0.80%, 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 of $312,070, the typical annual property tax bill in Los Alamos County is approximately $2,472, which is below the national median of $2,690. Property taxes in Los Alamos County are calculated based on the tax assessed value, which is often lower than the actual market value due to various property tax exemptions, such as primary residence and agricultural exemptions. Understanding Los Alamos County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Los Alamos or another part of Los Alamos County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Los Alamos County, New Mexico Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$2,497
$2,317
Ownwell’s Los Alamos Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Los Alamos with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Los Alamos 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 Los Alamos County, New Mexico
Property taxes in Los Alamos play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Los Alamos is 0.80%, which is lower than the U.S. national median of 0.99%. Local government entities within Los Alamos set these rates annually, and they can vary significantly between different areas within the county. Each year, Los Alamos 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. For comparison, the city of Los Alamos has one of the higher property tax rates in New Mexico at 0.80%, while the city of White Rock also has a similar rate of 0.80%. Analyzing how Los Alamos's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Los Alamos County Tax Rate
0.80%
Average New Mexico Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Los Alamos County, New Mexico
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Los Alamos | 0.77% | 0.79% | 0.80% | 0.80% | 0.80% |
| White Rock | 0.77% | 0.79% | 0.80% | 0.80% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Los Alamos County, New Mexico
In Los Alamos County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. 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 Los Alamos 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 Los Alamos 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. For instance, the highest median tax bill in the county is in White Rock at $2,561, while Los Alamos has the lowest at $2,407. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Los Alamos County, New Mexico
Source: Ownwell
$304,010
$312,685
$321,360
Average Los Alamos County Assessed Value
$312,070
Average New Mexico Assessed Value
$121,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Los Alamos County, New Mexico
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Los Alamos | $121,458 | $189,728 | $304,010 | $442,085 | $589,318 |
| White Rock | $207,268 | $257,010 | $321,360 | $442,270 | $574,328 |
Source: Ownwell
Property Tax Bills Across Los Alamos County, New Mexico
In Los Alamos County, NM, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. This assessed value is a percentage of the market value of the home. The tax rate, applied to this assessed value, is influenced by various factors including local government budgets and the needs of public services like schools and infrastructure. For a median home price of $312,070, homeowners can expect tax bills to vary significantly. The 25th percentile tax bill is around $1,709, while the 75th percentile reaches up to $3,516, and the 90th percentile can be as high as $4,683. White Rock has the highest median tax bill in the county at $2,561, whereas Los Alamos has the lowest at $2,407. These property taxes directly impact homeowners by contributing to essential community services and infrastructure, but they also represent a significant annual expense that can influence the overall cost of homeownership.
Average Los Alamos County Tax Bill
$2,472
Average New Mexico Tax Bill
$1,192
Average United States Tax Bill
$2,690
Property Tax Bills Across Los Alamos County, New Mexico
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Los Alamos | $963 | $1,498 | $2,407 | $3,507 | $4,682 |
| White Rock | $1,624 | $2,027 | $2,561 | $3,532 | $4,686 |
Source: Ownwell