Mora County, New Mexico Property Taxes

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

Median Mora County effective property tax rate: 0.58%, significantly lower than the national median of 1.02%.
Median Mora County home value: $61,740
Median annual Mora County tax bill: $365, $2,035 lower than the national median property tax bill of $2,400.

How are property taxes in Mora County calculated?

Property taxes in Mora County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Mora or another part of Mora County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Mora County, New Mexico Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.58%

Estimate Property Tax Bill

$358

$332

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

Property Tax Rates Across Mora County, New Mexico

Local government entities determine tax rates, leading to significant variations within a state. Each year, counties estimate their budget needs to deliver essential services and then divide this by the total assessed value of all taxable properties in their jurisdiction. This process determines the property tax rate. Although votes and legislation play a role in setting these rates and budgets, this is the core of the annual procedure. Mora County's effective property tax rate stands at 0.58%, which is notably lower than the national median property tax rate of 1.02%. Within New Mexico, Wagon Mound has the highest median tax rate at 0.79%, while Cleveland has the lowest at 0.56%. Comparatively, Mora County's rate is competitive, offering residents a relatively affordable option for property taxes. With the national median property tax bill at $2,400, the lower rates in Mora County can provide significant savings for homeowners, making it an attractive option for those looking to reduce their property tax burden.

Property Tax Rates Across Mora County, New Mexico

Source: Ownwell

0.56%

0.67%

0.79%

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 Mora County Tax Rate

0.58%

Median Effective New Mexico Tax Rate

0.86%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mora County, New Mexico

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Buena Vista	N/A	N/A	N/A	N/A	N/A
Cleveland	0.17%	0.52%	0.56%	0.58%	0.60%
Guadalupita	0.45%	0.54%	0.56%	0.59%	0.63%
Holman	0.49%	0.54%	0.57%	0.58%	0.59%
Mora	0.52%	0.55%	0.58%	0.59%	0.63%
Ocate	N/A	N/A	N/A	N/A	N/A
Ojo Feliz	N/A	N/A	N/A	N/A	N/A
Rainsville	N/A	N/A	N/A	N/A	N/A
Wagon Mound	0.64%	0.71%	0.79%	0.85%	0.87%
Watrous	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Mora County, New Mexico

When examining property taxes in Mora County, 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 Mora 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.

Assessment notices: In Mora 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 Mora County.

For example, the median tax bill in Mora County is $560, with tax bills ranging significantly across the county. Holman has the highest median home price at $101,697.

Property Tax Assessment Values Across Mora County, New Mexico

Source: Ownwell

$18,564

$60,131

$101,697

Median Mora County Market Value

$61,740

Median New Mexico Market Value

$121,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mora County, New Mexico

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Buena Vista	N/A	N/A	N/A	N/A	N/A
Cleveland	$3,606	$5,637	$18,564	$74,896	$125,952
Guadalupita	$8,446	$25,816	$62,949	$116,200	$170,830
Holman	$21,498	$50,479	$101,697	$122,472	$134,210
Mora	$26,476	$54,823	$94,251	$133,943	$186,438
Ocate	N/A	N/A	N/A	N/A	N/A
Ojo Feliz	N/A	N/A	N/A	N/A	N/A
Rainsville	N/A	N/A	N/A	N/A	N/A
Wagon Mound	$10,813	$29,336	$46,599	$72,011	$137,426
Watrous	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Mora County, New Mexico

In Mora County, NM, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in Mora County can expect a median property tax bill significantly lower than the national median of $2,400. The tax bill reflects various factors, including the property's size, location, and any applicable exemptions. For example, the median home price in the county is $61,740, contributing to the lower overall tax bills in the region. In Mora County, the tax bill at the 25th percentile is $145, while at the 75th percentile, it rises to $675, with the 90th percentile reaching $1,091. These figures indicate a range of tax burdens depending on property value and location. Holman has the highest median tax bill at $560, while Guadalupita has the lowest at $345. These differences highlight how local factors and property values influence the tax liabilities for homeowners, impacting their overall financial planning and affordability.

Property Tax Bills Across Mora County, New Mexico

Source: Ownwell

$77

$319

$560

Median Mora County Tax Bill

$365

Median New Mexico Tax Bill

$1,192

Median United States Tax Bill

$2,400

Property Tax Bills Across Mora County, New Mexico

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Buena Vista	N/A	N/A	N/A	N/A	N/A
Cleveland	$7	$27	$77	$415	$697
Guadalupita	$43	$138	$345	$671	$989
Holman	$112	$294	$560	$693	$772
Mora	$148	$309	$538	$770	$1,050
Ocate	N/A	N/A	N/A	N/A	N/A
Ojo Feliz	N/A	N/A	N/A	N/A	N/A
Rainsville	N/A	N/A	N/A	N/A	N/A
Wagon Mound	$87	$217	$348	$523	$985
Watrous	N/A	N/A	N/A	N/A	N/A

Source: Ownwell