Otero County Property Taxes
The median property tax rate in Otero 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 $117,358, the typical annual property tax bill in Otero County amounts to $861, significantly below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often lower than the actual market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Otero County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide substantial annual savings. Whether you live in Alamogordo or another part of Otero County, gaining comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Otero County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$939
$871
Ownwell’s Otero County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Otero County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Otero County 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 Otero County, New Mexico
Property taxes in Otero County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Otero County is 0.80%, which is lower than the U.S. national median of 0.99%. Local government entities within Otero County set these rates annually, and they can vary significantly between different areas within the county. Each year, Otero County 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. The following data compares Otero County's effective property tax rate with other counties and the national median. For comparison, the city of Chaparral has one of the higher property tax rates in the region at 0.89%, while the city of Mayhill boasts one of the lowest at 0.53%. Analyzing how Otero County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Otero County Tax Rate
0.80%
Average New Mexico Tax Rate
0.86%
Average United States Tax Rate
0.99%
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
In Otero 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 Otero County 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 Otero 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, residents in High Rolls Mountain Park face the highest median tax bill at $1,066, while those in Orogrande have the lowest at $138. Being aware of these valuation processes in Otero County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Otero County Assessed Value
$117,358
Average New Mexico Assessed Value
$121,540
Average United States Assessed Value
$244,900
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 calculated based on the assessed value of a home, which is typically a percentage of the property's market value. The tax rate, applied to this assessed value, determines the final tax bill. For instance, with a median home price of $117,358, homeowners in Otero County can expect varying tax bills depending on their property's assessed value and location. Factors such as property size, location, and any applicable exemptions play a significant role in determining the assessed value. In Otero County, the tax bills can range widely, with the 25th percentile at $531 and the 75th percentile reaching up to $1,403. High Rolls Mountain Park reports the highest median tax bill at $1,066, while Orogande has the lowest at $138. These variations highlight the impact of local assessments and tax rates on homeowners. Compared to the national median property tax rate of 0.99%, Otero County's tax bills can be relatively moderate, offering some relief to homeowners.
Average Otero County Tax Bill
$861
Average New Mexico Tax Bill
$1,192
Average United States Tax Bill
$2,690
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