Otero County, New Mexico Property Taxes

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

Median Otero County effective property tax rate: 0.80%, significantly lower than the national median of 1.02%.
Median Otero County home value: $117,358
Median annual Otero County tax bill: $861, $1,539 lower than the national median property tax bill of $2,400.

How are property taxes in Otero County calculated?

Property taxes in Otero 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 Alamogordo or another part of Otero County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Otero County, New Mexico Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.8%

Estimate Property Tax Bill

$939

$871

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

Property Tax Rates Across Otero County, New Mexico

Local government entities set tax rates, and these can vary considerably within a state. Each year, counties determine their budgetary needs to provide essential services and divide this by the total value of all taxable property in their area, resulting in the property tax rate. Votes and laws play a role in shaping tax rates and budgets, but this is the core of the annual process.

In Otero County, New Mexico, the effective property tax rate is 0.80%, which is below the national median of 1.02%. This means that property owners in Otero County pay less in property taxes compared to many other parts of the country. Within the county, Chaparral has the highest median tax rate at 0.89%, while Mayhill boasts the lowest at 0.53%. These variations highlight the impact of local budgetary decisions and property values on tax rates. By understanding these differences, property owners can better navigate their tax obligations and potentially seek appeals or exemptions where applicable.

Property Tax Rates Across Otero County, New Mexico

Source: Ownwell

0.53%

0.71%

0.89%

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 Otero County Tax Rate

0.80%

Median Effective New Mexico Tax Rate

0.86%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Otero County, New Mexico

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Alamogordo	0.63%	0.77%	0.86%	0.86%	0.86%
Bent	0.53%	0.62%	0.64%	0.67%	0.74%
Chaparral	0.84%	0.89%	0.89%	0.89%	0.90%
Cloudcroft	0.53%	0.53%	0.53%	0.55%	0.56%
High Rolls Mountain Park	0.58%	0.61%	0.63%	0.63%	0.64%
La Luz	0.55%	0.59%	0.63%	0.63%	0.64%
Mayhill	0.51%	0.53%	0.53%	0.53%	0.57%
Orogrande	0.45%	0.56%	0.63%	0.63%	0.80%
Pinon	0.50%	0.54%	0.60%	0.65%	0.99%
Sacramento	0.53%	0.53%	0.53%	0.54%	0.57%
Timberon	0.69%	0.74%	0.74%	0.74%	0.75%
Tularosa	0.60%	0.64%	0.75%	0.82%	0.82%
Weed	0.45%	0.53%	0.53%	0.55%	0.58%

Source: Ownwell

Property Tax Assessment Values Across Otero County, New Mexico

When examining property taxes in Otero 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 Otero 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. Assessment notices: In Otero 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 Otero County. For example, the median tax bill in Otero County is $1066, with tax bills ranging significantly across the county. High Rolls Mountain Park has the highest median home price at $169,418.

Property Tax Assessment Values Across Otero County, New Mexico

Source: Ownwell

$23,540

$96,479

$169,418

Median Otero County Market Value

$117,358

Median New Mexico Market Value

$121,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Otero County, New Mexico

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Alamogordo	$51,816	$78,654	$121,943	$190,163	$275,302
Bent	$29,742	$65,456	$115,937	$232,395	$332,834
Chaparral	$31,277	$43,886	$74,628	$119,589	$171,246
Cloudcroft	$41,868	$73,656	$132,153	$213,127	$326,949
High Rolls Mountain Park	$67,392	$103,146	$169,418	$251,365	$353,437
La Luz	$50,967	$78,782	$131,773	$200,506	$278,111
Mayhill	$45,621	$84,378	$159,235	$250,704	$360,344
Orogrande	$14,831	$18,837	$23,540	$35,649	$51,091
Pinon	$19,872	$31,638	$82,844	$169,013	$324,404
Sacramento	$28,383	$43,416	$73,831	$117,211	$213,510
Timberon	$20,056	$41,704	$69,169	$105,000	$154,785
Tularosa	$34,658	$56,032	$89,090	$152,294	$229,437
Weed	$37,519	$55,119	$91,314	$170,256	$279,885

Source: Ownwell

Property Tax Bills Across Otero County, New Mexico

In Otero County, NM, property tax bills are determined by assessing the property's market value and applying the local tax rate. This process involves evaluating the property's worth in the current real estate market, which serves as the basis for the tax calculation. Homeowners in Otero County typically see a range of tax bills, with the 25th percentile paying around $531, while those at the 75th percentile face bills of approximately $1,403. At the 90th percentile, the tax bill can reach up to $2,069. Comparatively, the national median property tax bill is $2,400, indicating that many Otero County residents pay less than the national average. However, variations exist within the county, as seen in High Rolls Mountain Park, where the median tax bill is the highest at $1,066, contrasting sharply with Orogrande's lowest median tax bill of $138. These differences underscore how property taxes can significantly impact homeowners, influencing financial planning and homeownership costs.

Property Tax Bills Across Otero County, New Mexico

Source: Ownwell

$138

$602

$1,066

Median Otero County Tax Bill

$861

Median New Mexico Tax Bill

$1,192

Median United States Tax Bill

$2,400

Property Tax Bills Across Otero County, New Mexico

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Alamogordo	$403	$620	$967	$1,537	$2,222
Bent	$159	$379	$798	$1,656	$2,605
Chaparral	$281	$394	$681	$1,121	$1,614
Cloudcroft	$222	$395	$715	$1,162	$1,746
High Rolls Mountain Park	$399	$646	$1,066	$1,587	$2,237
La Luz	$292	$473	$808	$1,241	$1,721
Mayhill	$255	$464	$847	$1,377	$1,981
Orogrande	$80	$98	$138	$233	$331
Pinon	$123	$193	$438	$1,250	$2,111
Sacramento	$159	$238	$386	$717	$1,288
Timberon	$144	$290	$481	$749	$1,129
Tularosa	$246	$416	$670	$1,092	$1,711
Weed	$179	$290	$484	$852	$1,432

Source: Ownwell