Deming, Luna County, New Mexico Property Taxes

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

Median Deming, NM effective property tax rate: 0.70%, significantly lower than the national median of 1.02%, but lower than the New Mexico state median of 0.86%.
Median Deming, NM home value: $18,564
Median annual Deming, NM tax bill: $144, $2,256 lower than the national median property tax bill of $2,400.

How are property taxes in Luna calculated?

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

Last Updated March 1, 2025

Deming, Luna County, New Mexico Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.7%

Estimate Property Tax Bill

$130

$121

Ownwell’s Deming Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Deming with just two data points. By entering your property's estimated assessed value, our calculator applies Deming’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 Luna County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Deming, Luna County, New Mexico

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services annually and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. In Deming, located in Luna County, New Mexico, the effective property tax rate is relatively low compared to other cities in the state and the national average. The median property tax rate in New Mexico is also lower than the national median rate of 1.02%. This can offer significant savings for property owners in Deming. The lower tax rate can be an attractive aspect for potential property buyers or investors looking to capitalize on reduced property tax expenses. By understanding these rates, property owners can better navigate their financial planning and potentially appeal for further reductions or exemptions if eligible.

Property Tax Rates Across Deming, Luna County, New Mexico

Source: Ownwell

0.70%

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 Deming Tax Rate

0.70%

Median Effective Luna County Tax Rate

0.70%

Median Effective New Mexico Tax Rate

0.86%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Deming, Luna County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
88030	0.45%	0.67%	0.70%	0.84%	0.88%

Source: Ownwell

Property Tax Assessment Values Across Deming, Luna County, New Mexico

When examining property taxes in Deming, 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 Luna County appraisal district 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 Luna 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 Deming. For example, the median home price in Deming is $18,564, with tax bills ranging significantly across the county. Zip code 88030 has the highest median home price at $18,564.

Property Tax Assessment Values Across Deming, Luna County, New Mexico

Source: Ownwell

$18,564

Median Deming Market Value

$18,564

Median Luna County Market Value

$18,150

Median New Mexico Market Value

$121,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Deming, Luna County, New Mexico

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
88030	$4,715	$8,976	$18,564	$37,515	$65,917

Source: Ownwell

Property Tax Bills Across Deming, Luna County, New Mexico

In Deming, located in Luna County, NM, property tax bills are calculated based on the assessed value of a home. The local authorities determine this assessed value, which is then multiplied by the tax rate to calculate the tax bill. With a median home price of just $18,564, Deming homeowners face relatively low property tax bills compared to the national median. The median tax bill in Deming is $144, significantly lower than the national median property tax bill of $2,400. Factors such as property size, location, and improvements can influence the assessed value and, consequently, the tax bill. While the 25th percentile tax bill is $70, it can rise to $525 at the 90th percentile. Homeowners in Deming can benefit from Ownwell's expertise in property tax appeals and exemptions. By leveraging local market data and understanding the nuances of property assessments, Ownwell can help homeowners potentially lower their tax bills, ensuring they only pay their fair share.

Property Tax Bills Across Deming, Luna County, New Mexico

Source: Ownwell

$144

Median Deming Tax Bill

$144

Median Luna County Tax Bill

$141

Median New Mexico Tax Bill

$1,192

Median United States Tax Bill

$2,400

Property Tax Bills Across Deming, Luna County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
88030	$35	$70	$144	$287	$525

Source: Ownwell