San Juan Pueblo, New Mexico Property Taxes
The median property tax rate in San Juan Pueblo, NM is 0.68%, considerably lower than both the national median of 0.99% and the New Mexico state median of 0.86%. With the median home value in San Juan Pueblo at $42,071, the typical annual property tax bill reaches $287, far below the national median of $2,690. Property taxes in San Juan Pueblo are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding San Juan Pueblo's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of San Juan Pueblo or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
San Juan Pueblo, New Mexico Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$286
$265
Ownwell’s SAN JUAN PUEBLO Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SAN JUAN PUEBLO with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SAN JUAN PUEBLO to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across San Juan Pueblo, New Mexico
Property taxes in San Juan Pueblo, New Mexico, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in San Juan Pueblo is 0.68%, which is lower than the U.S. national median of 0.99%. Local government entities within San Juan Pueblo set these rates annually, and they can vary significantly across different neighborhoods. Each year, San Juan Pueblo estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares San Juan Pueblo's effective property tax rate to other counties in New Mexico and the national median. For comparison, the 87566 zip code has both the highest and lowest median property tax rate of 0.68%. Understanding how these cities compare with San Juan Pueblo provides valuable insights into the varying tax landscape across Rio Arriba County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average San Juan Pueblo Tax Rate
0.68%
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 San Juan Pueblo, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87566 | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across San Juan Pueblo, New Mexico
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in San Juan Pueblo, NM. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Rio Arriba County Assessor's Office for tax purposes. In contrast, the assessed value 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. In San Juan Pueblo, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. The zip code 87566 has both the highest and lowest median tax bills at $287, which is significantly lower than the national median property tax rate of 0.99%. Being aware of these valuation processes in San Juan Pueblo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across San Juan Pueblo, New Mexico
Source: Ownwell
$5,002
$33,344
$61,685
Average San Juan Pueblo Assessed Value
$42,071
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 San Juan Pueblo, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87566 | $42,071 | $42,071 | $42,071 | $42,071 | $42,071 |
Source: Ownwell
Property Tax Bills Across San Juan Pueblo, New Mexico
In San Juan Pueblo, located in Rio Arriba County, NM, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in this area is $42,071. Property taxes are then applied at a rate set by local taxing authorities. In this region, the tax bill remains consistent across various percentiles, with the 25th, 75th, and 90th percentiles all showing a tax bill of $287. This consistency in tax bills means that homeowners can anticipate their annual property tax expenses with greater certainty compared to regions with more variability. The property tax rate in San Juan Pueblo is relatively low when compared to the national median property tax rate of 0.99%. This lower rate can be a significant advantage for homeowners, providing them with more disposable income and potentially making homeownership more affordable. Understanding how these taxes are calculated and their impact can help homeowners better manage their finances.
Average San Juan Pueblo Tax Bill
$287
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 San Juan Pueblo, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87566 | $287 | $287 | $287 | $287 | $287 |
Source: Ownwell