Rio Arriba County Property Taxes
The median property tax rate in Rio Arriba County is 0.79%, 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 in Rio Arriba County, the typical annual property tax bill amounts to $215, significantly below the national median of $2,690. Property taxes in Rio Arriba County are calculated based on the tax assessed value, which is often lower than the actual market value due to various property tax exemptions such as the primary residence and agricultural exemptions. Understanding the specific property tax system in Rio Arriba County, exploring available exemptions, and identifying opportunities for property tax reductions can lead to substantial annual savings. Whether you reside in Española or another part of Rio Arriba County, gaining comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rio Arriba County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$141
Ownwell’s Rio Arriba Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Rio Arriba with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Rio Arriba 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 Rio Arriba County, New Mexico
Property taxes in Rio Arriba play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Rio Arriba is 0.79%, which is lower than the U.S. national median of 0.99%. Local government entities within Rio Arriba set these rates annually, and they can vary significantly between different areas within the county. Each year, Rio Arriba 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 Rio Arriba's effective property tax rate with other areas and the national median. For comparison, the city of Velarde has one of the higher property tax rates in the region at 0.83%, while the city of Regina boasts one of the lowest at 0.58%. Analyzing how Rio Arriba's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Rio Arriba County Tax Rate
0.79%
Average New Mexico Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rio Arriba County, New Mexico
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Abiquiu | 0.58% | 0.77% | 0.79% | 0.80% | 0.87% |
| Alcalde | 0.49% | 0.77% | 0.83% | 0.83% | 0.83% |
| Blanco | 0.61% | 0.61% | 0.64% | 0.73% | 0.81% |
| Canjilon | 0.40% | 0.68% | 0.75% | 0.75% | 0.83% |
| Canones | 0.50% | 0.58% | 0.58% | 0.72% | 0.80% |
| Cebolla | 0.68% | 0.75% | 0.75% | 0.76% | 0.82% |
| Chama | 0.59% | 0.75% | 0.80% | 0.86% | 0.91% |
| Chamisal | 0.42% | 0.59% | 0.69% | 0.73% | 0.82% |
| Chimayo | 0.44% | 0.69% | 0.79% | 0.79% | 0.80% |
| Cordova | 0.42% | 0.63% | 0.79% | 0.79% | 0.81% |
| Coyote | 0.35% | 0.48% | 0.58% | 0.58% | 0.69% |
| Dixon | 0.43% | 0.66% | 0.79% | 0.79% | 0.80% |
| Dulce | 0.48% | 0.59% | 0.61% | 0.64% | 0.73% |
| El Rito | 0.46% | 0.63% | 0.80% | 0.80% | 0.80% |
| Embudo | 0.59% | 0.75% | 0.79% | 0.80% | 0.85% |
| Espanola | 0.40% | 0.71% | 0.79% | 0.88% | 0.92% |
| Gallina | 0.41% | 0.52% | 0.58% | 0.62% | 0.79% |
| Hernandez | 0.50% | 0.75% | 0.79% | 0.79% | 0.83% |
| La Jara | 0.54% | 0.58% | 0.58% | 0.59% | 0.63% |
| La Madera | 0.72% | 0.80% | 0.80% | 0.81% | 0.84% |
| La Mesilla | 0.80% | 0.81% | 0.83% | 0.84% | 0.85% |
| Lindrith | 0.56% | 0.58% | 0.61% | 0.70% | 0.77% |
| Los Ojos | 0.68% | 0.75% | 0.75% | 0.80% | 0.92% |
| Medanales | 0.59% | 0.79% | 0.79% | 0.79% | 0.88% |
| Ohkay Owingeh | 0.65% | 0.76% | 0.79% | 0.83% | 0.83% |
| Ojo Caliente | 0.76% | 0.79% | 0.80% | 0.80% | 0.88% |
| Ojo Sarco | N/A | N/A | N/A | N/A | N/A |
| Petaca | 0.66% | 0.80% | 0.80% | 0.80% | 0.80% |
| Regina | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
| San Juan Pueblo | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% |
| Tierra Amarilla | 0.67% | 0.75% | 0.75% | 0.76% | 0.88% |
| Truchas | 0.62% | 0.70% | 0.79% | 0.82% | 0.83% |
| Vallecitos | N/A | N/A | N/A | N/A | N/A |
| Velarde | 0.63% | 0.79% | 0.83% | 0.83% | 0.89% |
| Youngsville | 0.58% | 0.58% | 0.58% | 0.62% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Rio Arriba County, New Mexico
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Rio Arriba. 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 Rio Arriba 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 Rio Arriba 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. In Rio Arriba, the highest median tax bill is $1,195 in La Mesilla, while the lowest median tax bill is $103 in Canjilon. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Rio Arriba County, New Mexico
Source: Ownwell
$5,002
$33,344
$61,685
Average Rio Arriba County Assessed Value
$17,854
Average New Mexico Assessed Value
$121,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rio Arriba County, New Mexico
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Abiquiu | $6,848 | $13,396 | $42,296 | $101,964 | $195,026 |
| Alcalde | $4,882 | $9,394 | $34,956 | $53,730 | $102,299 |
| Blanco | $5,264 | $10,442 | $26,109 | $59,328 | $103,243 |
| Canjilon | $4,057 | $8,334 | $13,197 | $33,376 | $76,038 |
| Canones | $5,955 | $10,981 | $18,102 | $84,840 | $300,783 |
| Cebolla | $9,571 | $15,754 | $31,547 | $77,473 | $136,486 |
| Chama | $7,071 | $15,892 | $35,679 | $87,333 | $178,713 |
| Chamisal | $1,289 | $16,312 | $27,406 | $39,803 | $71,485 |
| Chimayo | $4,385 | $8,084 | $21,156 | $47,824 | $98,327 |
| Cordova | $7,887 | $12,731 | $28,359 | $53,146 | $84,423 |
| Coyote | $5,140 | $7,038 | $13,936 | $47,288 | $72,507 |
| Dixon | $7,594 | $14,596 | $38,488 | $79,640 | $142,980 |
| Dulce | $2,960 | $8,027 | $18,620 | $41,606 | $72,019 |
| El Rito | $4,231 | $12,143 | $22,700 | $55,986 | $97,949 |
| Embudo | $6,919 | $14,404 | $49,663 | $120,011 | $171,881 |
| Espanola | $3,275 | $6,872 | $17,303 | $49,867 | $104,352 |
| Gallina | $5,480 | $9,431 | $16,300 | $46,577 | $94,053 |
| Hernandez | $4,810 | $9,016 | $33,286 | $64,998 | $127,367 |
| La Jara | $13,386 | $16,916 | $31,461 | $58,594 | $89,621 |
| La Madera | $6,336 | $13,891 | $27,226 | $90,994 | $156,969 |
| La Mesilla | $6,475 | $7,619 | $9,525 | $139,342 | $217,231 |
| Lindrith | $5,900 | $9,730 | $61,685 | $149,051 | $363,876 |
| Los Ojos | $4,874 | $15,780 | $37,988 | $72,121 | $157,564 |
| Medanales | $6,682 | $19,481 | $37,856 | $63,568 | $141,882 |
| Ohkay Owingeh | $6,540 | $20,115 | $38,804 | $72,819 | $122,425 |
| Ojo Caliente | $22,680 | $33,432 | $58,747 | $118,698 | $207,405 |
| Ojo Sarco | N/A | N/A | N/A | N/A | N/A |
| Petaca | $3,866 | $6,760 | $16,528 | $51,485 | $61,513 |
| Regina | $3,338 | $3,962 | $5,002 | $5,425 | $5,679 |
| San Juan Pueblo | $42,071 | $42,071 | $42,071 | $42,071 | $42,071 |
| Tierra Amarilla | $4,552 | $11,014 | $30,100 | $81,868 | $184,126 |
| Truchas | $7,348 | $16,173 | $26,718 | $43,865 | $74,381 |
| Vallecitos | N/A | N/A | N/A | N/A | N/A |
| Velarde | $7,046 | $15,316 | $38,070 | $51,733 | $95,391 |
| Youngsville | $3,631 | $9,730 | $22,000 | $71,630 | $238,082 |
Source: Ownwell
Property Tax Bills Across Rio Arriba County, New Mexico
In Rio Arriba County, NM, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property improvements, location, and market trends can influence the assessed value. For homeowners, this means that properties in areas with higher market values or recent enhancements may face higher tax bills. For instance, the median home price in Rio Arriba County is $178,540, and tax bills can vary significantly. At the 25th percentile, homeowners might pay around $72, while those at the 75th percentile could see tax bills of approximately $465. The highest tax bills, at the 90th percentile, can reach up to $951. Comparatively, cities within the county like LA MESILLA have some of the highest median tax bills at $1,195, whereas CANJILON has the lowest at $103. These variations highlight the impact of location and property value on tax obligations for homeowners in the county.
Average Rio Arriba County Tax Bill
$215
Average New Mexico Tax Bill
$1,192
Average United States Tax Bill
$2,690
Property Tax Bills Across Rio Arriba County, New Mexico
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Abiquiu | $60 | $106 | $341 | $863 | $1,531 |
| Alcalde | $41 | $108 | $317 | $495 | $874 |
| Blanco | $41 | $73 | $168 | $391 | $780 |
| Canjilon | $38 | $66 | $103 | $291 | $574 |
| Canones | $48 | $66 | $117 | $498 | $2,870 |
| Cebolla | $77 | $100 | $260 | $616 | $1,182 |
| Chama | $66 | $159 | $334 | $749 | $1,542 |
| Chamisal | $68 | $113 | $187 | $327 | $528 |
| Chimayo | $42 | $77 | $213 | $405 | $829 |
| Cordova | $54 | $109 | $241 | $417 | $677 |
| Coyote | $41 | $60 | $138 | $290 | $518 |
| Dixon | $51 | $113 | $312 | $656 | $1,118 |
| Dulce | $25 | $53 | $126 | $268 | $480 |
| El Rito | $59 | $107 | $181 | $450 | $729 |
| Embudo | $65 | $206 | $472 | $1,064 | $1,406 |
| Espanola | $38 | $71 | $213 | $490 | $965 |
| Gallina | $45 | $63 | $106 | $280 | $578 |
| Hernandez | $42 | $91 | $286 | $569 | $1,063 |
| La Jara | $78 | $99 | $182 | $304 | $563 |
| La Madera | $46 | $112 | $223 | $707 | $1,427 |
| La Mesilla | $300 | $635 | $1,195 | $1,755 | $2,090 |
| Lindrith | $45 | $81 | $593 | $1,349 | $2,704 |
| Los Ojos | $81 | $181 | $334 | $563 | $1,309 |
| Medanales | $54 | $202 | $301 | $597 | $1,164 |
| Ohkay Owingeh | $92 | $185 | $318 | $598 | $979 |
| Ojo Caliente | $204 | $274 | $498 | $924 | $1,678 |
| Ojo Sarco | N/A | N/A | N/A | N/A | N/A |
| Petaca | $52 | $61 | $152 | $430 | $500 |
| Regina | $19 | $23 | $29 | $31 | $33 |
| San Juan Pueblo | $287 | $287 | $287 | $287 | $287 |
| Tierra Amarilla | $48 | $85 | $250 | $654 | $1,617 |
| Truchas | $66 | $128 | $212 | $356 | $577 |
| Vallecitos | N/A | N/A | N/A | N/A | N/A |
| Velarde | $56 | $190 | $320 | $437 | $822 |
| Youngsville | $56 | $91 | $151 | $607 | $1,536 |
Source: Ownwell