Rogers, Roosevelt County, New Mexico Property Taxes
The median property tax rate in Rogers, NM is 0.67%, significantly lower than both the national median of 0.99% and the New Mexico state median of 0.86%. With the median home value in Rogers at $60,316, the typical annual property tax bill amounts to $373, which is well below the national median of $2,690. Property taxes in Rogers are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Rogers' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Rogers 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
Rogers, Roosevelt County, New Mexico Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$404
$375
Ownwell’s Rogers Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Rogers with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Rogers to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Rogers, Roosevelt County, New Mexico
Property taxes in Rogers, New Mexico, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Rogers is 0.67%, which is lower than the U.S. national median of 0.99%. Local government entities within Rogers set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rogers 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 Rogers' effective property tax rate to other counties in New Mexico and the national median. For comparison, the 88132 zip code has both the highest and lowest median property tax rate of 0.67%. Understanding how these cities compare with Rogers provides valuable insights into the varying tax landscape across Roosevelt County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rogers Tax Rate
0.67%
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 Rogers, Roosevelt County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 88132 | 0.59% | 0.66% | 0.67% | 0.68% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Rogers, Roosevelt County, New Mexico
In Rogers, New Mexico, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Roosevelt County Appraisal District 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 Rogers, 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. Being aware of these valuation processes in Rogers helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $373.00 in zip code 88132, which is also the lowest median tax bill, highlighting the consistency in property tax assessments within the region.
Property Tax Assessment Values Across Rogers, Roosevelt County, New Mexico
Source: Ownwell
$21,386
$59,853
$98,319
Average Rogers Assessed Value
$60,316
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 Rogers, Roosevelt County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 88132 | $9,372 | $32,924 | $60,316 | $93,226 | $164,795 |
Source: Ownwell
Property Tax Bills Across Rogers, Roosevelt County, New Mexico
In Rogers, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value, reflecting the property's worth in the real estate market. Factors such as location, property size, and condition play a crucial role in this valuation process. For instance, in Roosevelt County, the median home price is $60,316. Homeowners in Rogers can expect their property tax bills to vary significantly. The 25th percentile tax bill stands at $221, while the 75th percentile reaches $632. At the higher end, the 90th percentile tax bill is $1,081. These figures indicate that property tax rates in Rogers can have a substantial impact on homeowners' annual expenses, with the highest median tax bill recorded in ZIP code 88132 at $373. Compared to the national median property tax rate of 0.99%, Rogers offers relatively affordable property taxes, which can be a financial relief for homeowners.
Average Rogers Tax Bill
$373
Average Roosevelt County Tax Bill
$181
Average New Mexico Tax Bill
$1,192
Average United States Tax Bill
$2,690
Property Tax Bills Across Rogers, Roosevelt County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 88132 | $30 | $221 | $373 | $632 | $1,081 |
Source: Ownwell