Quay County, New Mexico Property Taxes

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

Median Quay County effective property tax rate: 0.98%, slightly lower than the national median of 1.02%.
Median Quay County home value: $31,267
Median annual Quay County tax bill: $307, $2,093 lower than the national median property tax bill of $2,400.

How are property taxes in Quay County calculated?

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

Last Updated March 1, 2025

Quay County, New Mexico Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.98%

Estimate Property Tax Bill

$306

$284

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

Property Tax Rates Across Quay County, New Mexico

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Quay County's effective property tax rate to other counties in New Mexico or the U.S. median property tax rate. Quay County's median property tax rate is 0.98%, slightly below the national median of 1.02%. This positions Quay County as a relatively affordable area for property owners compared to other parts of the country. Within New Mexico, Logan boasts the highest median tax rate at 1.00%, while Melrose offers a lower rate of 0.65%. Such variations highlight the importance of understanding local tax dynamics, as they can significantly impact property expenses. By leveraging property tax appeal and exemption services, property owners in Quay County can ensure they are not overpaying and are taking full advantage of potential savings.

Property Tax Rates Across Quay County, New Mexico

Source: Ownwell

0.65%

0.82%

1.00%

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 Quay County Tax Rate

0.98%

Median Effective New Mexico Tax Rate

0.86%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Quay County, New Mexico

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Bard	0.53%	0.69%	0.69%	0.69%	0.70%
Grady	0.60%	0.69%	0.74%	0.74%	0.76%
House	0.70%	0.74%	0.74%	0.96%	0.96%
Logan	0.76%	1.00%	1.00%	1.00%	1.00%
Mcalister	0.62%	0.65%	0.71%	0.74%	0.74%
Melrose	0.37%	0.62%	0.65%	0.65%	0.66%
Nara Visa	0.64%	0.75%	0.75%	0.75%	0.75%
San Jon	0.42%	0.66%	0.69%	0.86%	0.86%
Tucumcari	0.77%	0.88%	0.98%	1.10%	1.10%
Cuervo	N/A	N/A	N/A	N/A	N/A
Glenrio	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Quay County, New Mexico

When examining property taxes in Quay 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 Quay 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 Quay 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 Quay County. For example, the median tax bill in Quay County is $350, with tax bills ranging significantly across the county. McAlister has the highest median home price at $47,391.

Property Tax Assessment Values Across Quay County, New Mexico

Source: Ownwell

$20,585

$33,988

$47,391

Median Quay County Market Value

$31,267

Median New Mexico Market Value

$121,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Quay County, New Mexico

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Bard	$6,580	$13,624	$42,477	$84,974	$115,209
Grady	$6,898	$20,792	$36,852	$90,721	$112,019
House	$6,354	$11,697	$27,276	$64,470	$100,251
Logan	$3,146	$4,739	$22,124	$83,173	$172,704
Mcalister	$6,830	$20,046	$47,391	$90,943	$162,019
Melrose	$3,561	$11,208	$32,068	$48,164	$86,262
Nara Visa	$5,300	$12,168	$20,585	$45,385	$103,910
San Jon	$4,518	$10,811	$24,403	$66,498	$111,449
Tucumcari	$4,837	$16,050	$33,823	$67,585	$117,719
Cuervo	N/A	N/A	N/A	N/A	N/A
Glenrio	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Quay County, New Mexico

In Quay County, NM, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. Factors such as location, property size, and any improvements can influence this valuation. The median home price in the county is $31,267, significantly lower than the national median. Consequently, property tax bills in Quay County tend to be lower than the national average, with the median tax bill being $345 in Tucumcari and $143 in Melrose. These figures are below the national median property tax bill of $2,400. Homeowners in Quay County benefit from relatively low property taxes, which can make homeownership more affordable. However, the tax bill can vary widely, as indicated by the 25th percentile tax bill of $106 and the 90th percentile reaching $1,179. Understanding these factors is crucial for homeowners to anticipate their annual tax liabilities and manage their budgets effectively.

Property Tax Bills Across Quay County, New Mexico

Source: Ownwell

$143

$244

$345

Median Quay County Tax Bill

$307

Median New Mexico Tax Bill

$1,192

Median United States Tax Bill

$2,400

Property Tax Bills Across Quay County, New Mexico

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Bard	$32	$94	$267	$548	$798
Grady	$52	$164	$253	$645	$839
House	$38	$91	$249	$508	$833
Logan	$29	$46	$212	$802	$1,744
Mcalister	$40	$127	$284	$600	$1,071
Melrose	$23	$59	$143	$339	$558
Nara Visa	$38	$80	$143	$358	$737
San Jon	$27	$68	$178	$477	$818
Tucumcari	$44	$154	$345	$677	$1,096
Cuervo	N/A	N/A	N/A	N/A	N/A
Glenrio	N/A	N/A	N/A	N/A	N/A

Source: Ownwell