Alamogordo, Otero County, New Mexico Property Taxes

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

Median Alamogordo, NM effective property tax rate: 0.86%, significantly lower than the national median of 1.02%, but equal to the New Mexico state median of 0.86%.
Median Alamogordo, NM home value: $121,943
Median annual Alamogordo, NM tax bill: $967, $1,433 lower than the national median property tax bill of $2,400.

How are property taxes in Otero calculated?

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

Last Updated March 1, 2025

Alamogordo, Otero County, New Mexico Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.86%

Estimate Property Tax Bill

$1,049

$973

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

Property Tax Rates Across Alamogordo, Otero County, New Mexico

Local government entities establish tax rates, which can differ significantly within a state. Each county determines its budgetary needs to provide essential services and then divides this by the total value of all taxable properties within its jurisdiction. This process results in the property tax rate. While setting tax rates and budgets involves votes and legislation, this is the basic annual procedure.

You can compare Alamogordo’s effective property tax rate to other cities in New Mexico and the median property tax rates in New Mexico and the U.S. Alamogordo, located in Otero County, has a median property tax rate of 0.86%, which aligns with the highest in the area and is below the national median of 1.02%. This makes Alamogordo an attractive location for property owners looking to lower their tax burden compared to the national average. The lowest rate in the region is found in the zip code 88311, with a rate of 0.63%. Understanding these rates can help property owners make informed decisions when considering property investments or relocations.

Property Tax Rates Across Alamogordo, 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 Alamogordo Tax Rate

0.86%

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 Alamogordo, Otero County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
88310	0.63%	0.77%	0.86%	0.86%	0.86%
88311	0.47%	0.59%	0.63%	0.63%	0.95%

Source: Ownwell

Property Tax Assessment Values Across Alamogordo, Otero County, New Mexico

When examining property taxes in Alamogordo, New Mexico, 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 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.

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 Alamogordo.

For example, the median home price in Alamogordo is $121,943, with tax bills ranging significantly across the county. Zip code 88310 has the highest median home price at $123,412.

Property Tax Assessment Values Across Alamogordo, Otero County, New Mexico

Source: Ownwell

$23,540

$96,479

$169,418

Median Alamogordo Market Value

$121,943

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 Alamogordo, Otero County, New Mexico

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
88310	$52,935	$79,567	$123,412	$191,312	$275,944
88311	$15,621	$29,811	$57,940	$88,817	$124,356

Source: Ownwell

Property Tax Bills Across Alamogordo, Otero County, New Mexico

In Alamogordo, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. This assessed value is multiplied by the local tax rate to determine the annual tax bill. With a median home price of approximately $121,943, homeowners in this region typically experience tax bills ranging from $620 at the 25th percentile to $2,222 at the 90th percentile. The highest median tax bill in the area is $978 in the 88310 zip code, while the lowest is $359 in the 88311 zip code. These figures highlight the variability in tax liabilities, which can significantly impact homeowners' finances. Compared to the national median property tax bill of $2,400, Alamogordo residents generally face lower tax burdens. However, ensuring your property is accurately assessed can lead to significant savings. Ownwell can assist homeowners by reviewing assessments for errors and filing appeals, potentially lowering tax obligations and providing peace of mind.

Property Tax Bills Across Alamogordo, Otero County, New Mexico

Source: Ownwell

$138

$602

$1,066

Median Alamogordo Tax Bill

$967

Median Otero County Tax Bill

$861

Median New Mexico Tax Bill

$1,192

Median United States Tax Bill

$2,400

Property Tax Bills Across Alamogordo, Otero County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
88310	$418	$631	$978	$1,548	$2,232
88311	$100	$205	$359	$569	$769

Source: Ownwell