Guadalupita, New Mexico Property Taxes
The median property tax rate in Guadalupita, NM is 0.56%, significantly lower than both the national median of 0.99% and the New Mexico state median of 0.86%. With a median home value of $62,949 in Guadalupita, the typical annual property tax bill is $345, far below the national median of $2,690. Property taxes in Guadalupita are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Guadalupita's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Guadalupita or another part of Mora County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Guadalupita, New Mexico Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$353
$327
Ownwell’s Guadalupita Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Guadalupita with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Guadalupita to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Guadalupita, New Mexico
Property taxes in Guadalupita, New Mexico, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Guadalupita is 0.56%, which is lower than the U.S. national median of 0.99%. Local government entities within Guadalupita set these rates annually, and they can vary significantly across different neighborhoods. Each year, Guadalupita estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Guadalupita's effective property tax rate to other areas in Mora County and the national median. For comparison, the zip code 87722 has both the highest and lowest median property tax rate in the region, which is also 0.56%. Understanding how these areas compare with Guadalupita provides valuable insights into the varying tax landscape across Mora County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Guadalupita Tax Rate
0.56%
Average Mora County Tax Rate
0.58%
Average New Mexico Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Guadalupita, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87722 | 0.45% | 0.54% | 0.56% | 0.59% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Guadalupita, New Mexico
In Guadalupita, New Mexico, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Mora County Assessor for tax purposes. In contrast, the assessed value 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. In Guadalupita, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Guadalupita helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 87722 at $345, which is also the lowest median tax bill in the region.
Average Guadalupita Assessed Value
$62,949
Average Mora County Assessed Value
$61,740
Average New Mexico Assessed Value
$121,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Guadalupita, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87722 | $8,446 | $25,816 | $62,949 | $116,200 | $170,830 |
Source: Ownwell
Property Tax Bills Across Guadalupita, New Mexico
In Guadalupita, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For example, with a median home price of $62,949, the assessed value is determined by the local assessor. The tax rate is then applied to this assessed value to calculate the annual tax bill. Factors such as property location, home improvements, and exemptions can influence the assessed value and, consequently, the tax bill. In Mora County, where Guadalupita is located, homeowners experience varying tax bills. The 25th percentile tax bill is $138, while the 75th percentile tax bill reaches $671. At the 90th percentile, homeowners can expect to pay around $989. These figures highlight the range of property tax burdens within the area, affecting homeowners differently based on their property's assessed value. Compared to the national median property tax rate of 0.99%, Guadalupita's property tax rates can provide some relief to homeowners, though the specific impact varies widely.
Average Guadalupita Tax Bill
$345
Average Mora County Tax Bill
$365
Average New Mexico Tax Bill
$1,192
Average United States Tax Bill
$2,690
Property Tax Bills Across Guadalupita, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87722 | $43 | $138 | $345 | $671 | $989 |
Source: Ownwell