Roosevelt County Property Taxes
The median property tax rate in Roosevelt County is 0.72%, which is lower than both the national median of 0.99% and the New Mexico state median of 0.86%. With the median home value in Roosevelt County, the typical annual property tax bill is $181, significantly below the national median of $2,690. Property taxes in Roosevelt County are calculated based on the tax assessed value, which is often less than the actual market value due to various property tax exemptions such as the primary residence and agricultural exemptions. Understanding Roosevelt 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 Portales or another part of Roosevelt County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Roosevelt County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$185
Ownwell’s Roosevelt County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roosevelt County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Roosevelt 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 Roosevelt County, New Mexico
Property taxes in Roosevelt County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Roosevelt County is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within Roosevelt County set these rates annually, and they can vary significantly between different areas within the county. Each year, Roosevelt 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. For comparison, the city of Clovis has one of the higher property tax rates in New Mexico at 0.74%, while the city of Floyd boasts one of the lowest at 0.48%. Analyzing how Roosevelt County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Roosevelt County Tax Rate
0.72%
Average New Mexico Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roosevelt County, New Mexico
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Causey | 0.65% | 0.66% | 0.67% | 0.70% | 0.71% |
| Clovis | 0.72% | 0.73% | 0.74% | 0.75% | 0.76% |
| Dora | 0.66% | 0.66% | 0.67% | 0.69% | 0.71% |
| Elida | 0.45% | 0.48% | 0.49% | 0.52% | 0.53% |
| Floyd | 0.48% | 0.48% | 0.48% | 0.49% | 0.72% |
| Melrose | 0.61% | 0.61% | 0.63% | 0.69% | 0.69% |
| Milnesand | 0.57% | 0.61% | 0.66% | 0.68% | 0.69% |
| Pep | 0.66% | 0.66% | 0.67% | 0.68% | 0.69% |
| Portales | 0.72% | 0.72% | 0.73% | 0.86% | 0.86% |
| Rogers | 0.59% | 0.66% | 0.67% | 0.68% | 0.69% |
| Taiban | 0.51% | 0.52% | 0.59% | 0.66% | 0.68% |
| Texico | 0.72% | 0.72% | 0.72% | 0.72% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Roosevelt County, New Mexico
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Roosevelt County, NM. 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 Roosevelt 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 Roosevelt 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, Clovis has the highest median tax bill at $4,203, while Portales has the lowest at $158. Being aware of these valuation processes in Roosevelt County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Roosevelt County, New Mexico
Source: Ownwell
$21,386
$296,343
$571,300
Average Roosevelt County Assessed Value
$25,631
Average New Mexico Assessed Value
$121,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Roosevelt County, New Mexico
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Causey | $16,050 | $22,420 | $33,520 | $166,976 | $273,002 |
| Clovis | $127,777 | $294,098 | $571,300 | $1,244,154 | $1,647,867 |
| Dora | $7,275 | $17,762 | $32,242 | $70,642 | $135,401 |
| Elida | $4,470 | $18,522 | $51,305 | $80,789 | $152,917 |
| Floyd | $1,357 | $12,611 | $38,991 | $75,965 | $123,778 |
| Melrose | $50,716 | $83,119 | $98,319 | $137,484 | $216,995 |
| Milnesand | $38,766 | $46,574 | $59,586 | $84,999 | $100,247 |
| Pep | $1,446 | $11,315 | $46,550 | $95,172 | $130,300 |
| Portales | $1,062 | $3,879 | $21,386 | $75,486 | $131,195 |
| Rogers | $9,372 | $32,924 | $60,316 | $93,226 | $164,795 |
| Taiban | $21,745 | $36,764 | $78,108 | $118,876 | $132,858 |
| Texico | $18,104 | $22,908 | $29,818 | $34,520 | $317,671 |
Source: Ownwell
Property Tax Bills Across Roosevelt County, New Mexico
In Roosevelt County, NM, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The tax rate is applied to this assessed value to compute the final tax bill. Factors such as property size, location, and market conditions play a crucial role in determining the assessed value. Homeowners in Roosevelt County experience a range of tax bills, with the 25th percentile at $37 and the 75th percentile at $599. At the higher end, the 90th percentile tax bill reaches $1019. Compared to the national median property tax rate of 0.99%, Roosevelt County offers relatively lower tax bills. For instance, Clovis has the highest median tax bill in the county at $4203, while Portales has the lowest at $158. These variations can significantly impact homeowners, influencing their financial planning and the overall cost of owning a home in different parts of the county.
Average Roosevelt County Tax Bill
$181
Average New Mexico Tax Bill
$1,192
Average United States Tax Bill
$2,690
Property Tax Bills Across Roosevelt County, New Mexico
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Causey | $107 | $126 | $224 | $1,178 | $1,828 |
| Clovis | $938 | $2,162 | $4,203 | $9,405 | $12,527 |
| Dora | $38 | $122 | $217 | $473 | $929 |
| Elida | $28 | $92 | $250 | $409 | $745 |
| Floyd | $7 | $66 | $182 | $373 | $633 |
| Melrose | $296 | $505 | $680 | $850 | $1,481 |
| Milnesand | $231 | $300 | $414 | $573 | $668 |
| Pep | $10 | $76 | $314 | $627 | $895 |
| Portales | $8 | $29 | $158 | $622 | $1,034 |
| Rogers | $30 | $221 | $373 | $632 | $1,081 |
| Taiban | $148 | $255 | $435 | $606 | $695 |
| Texico | $130 | $164 | $214 | $248 | $2,277 |
Source: Ownwell