Roosevelt County, New Mexico Property Taxes

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

Median Roosevelt County effective property tax rate: 0.72%, significantly lower than the national median of 1.02%.
Median Roosevelt County home value: $25,631
Median annual Roosevelt County tax bill: $181, $2,219 lower than the national median property tax bill of $2,400.

How are property taxes in Roosevelt County calculated?

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

Last Updated March 1, 2025

Roosevelt County, New Mexico Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.72%

Estimate Property Tax Bill

$185

$171

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

Property Tax Rates Across Roosevelt County, New Mexico

Local government entities set property tax rates, which can vary significantly within a state. Annually, each county determines its required budget to provide essential services and then divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

For a clearer perspective, consider the effective property tax rate in Roosevelt County. It stands at 0.72%, which is lower than the national median property tax rate of 1.02%. Within New Mexico, Roosevelt County's tax rate is quite competitive. For instance, the city of Portales has the highest median tax rate in the county at 0.73%, while Floyd boasts the lowest at 0.48%.

Comparing these figures to the national landscape reveals Roosevelt County as an attractive option for property owners seeking lower tax liabilities. Understanding these local nuances can empower property owners to make informed decisions and potentially save on property taxes.

Property Tax Rates Across Roosevelt County, New Mexico

Source: Ownwell

0.48%

0.61%

0.73%

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 Roosevelt County Tax Rate

0.72%

Median Effective New Mexico Tax Rate

0.86%

Median Effective United States Tax Rate

1.02%

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	N/A	N/A	N/A	N/A	N/A
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	N/A	N/A	N/A	N/A	N/A
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	N/A	N/A	N/A	N/A	N/A
Texico	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Roosevelt County, New Mexico

When examining property taxes in Roosevelt 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 Roosevelt 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. Assessment notices: In Roosevelt 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 Roosevelt County. For example, the median tax bill in Roosevelt County is $680, with tax bills ranging significantly across the county. Melrose has the highest median home price at $98,319.

Property Tax Assessment Values Across Roosevelt County, New Mexico

Source: Ownwell

$21,386

$59,853

$98,319

Median Roosevelt County Market Value

$25,631

Median New Mexico Market Value

$121,540

Median United States Market Value

$235,294

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	N/A	N/A	N/A	N/A	N/A
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	N/A	N/A	N/A	N/A	N/A
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	N/A	N/A	N/A	N/A	N/A
Texico	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Roosevelt County, New Mexico

In Roosevelt County, NM, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in this area is notably lower than the national average, standing at $25,631. Consequently, property tax bills are generally lower, with the median tax bill being significantly less than the national median of $2,400. Homeowners in Roosevelt County can expect their tax bills to range from $37 at the 25th percentile to $1,019 at the 90th percentile. The highest median tax bill is found in Melrose at $680, while the lowest is in Portales at $158. These variations are influenced by property values and local tax rates. While lower tax bills can be advantageous for homeowners, they also reflect the lower property values in the area. Understanding these factors is crucial for homeowners, as they directly impact financial planning and the overall cost of homeownership.

Property Tax Bills Across Roosevelt County, New Mexico

Source: Ownwell

$158

$419

$680

Median Roosevelt County Tax Bill

$181

Median New Mexico Tax Bill

$1,192

Median United States Tax Bill

$2,400

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	N/A	N/A	N/A	N/A	N/A
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	N/A	N/A	N/A	N/A	N/A
Pep	$10	$76	$314	$627	$895
Portales	$8	$29	$158	$622	$1,034
Rogers	$30	$221	$373	$632	$1,081
Taiban	N/A	N/A	N/A	N/A	N/A
Texico	N/A	N/A	N/A	N/A	N/A

Source: Ownwell