Sandoval County, New Mexico Property Taxes

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

Median Sandoval County effective property tax rate: 1.19%, significantly higher than the national median of 1.02%. Median Sandoval County home value: $190,579. Median annual Sandoval County tax bill: $2,213, $187 lower than the national median property tax bill of $2,400.

How are property taxes in Sandoval County calculated?

Property taxes in Sandoval 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 Rio Rancho or another part of Sandoval County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Sandoval County, New Mexico Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.19%

Estimate Property Tax Bill

$2,268

$2,105

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

Property Tax Rates Across Sandoval County, New Mexico

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Sandoval County's effective property tax rate to other counties in New Mexico or the U.S. median property tax rate. Sandoval County's median property tax rate stands at 1.19%, slightly above the national median of 1.02%. Within the state, Rio Rancho boasts the highest median property tax rate at 1.22%, while Cochiti Lake enjoys the lowest at 0.59%. These variations highlight the importance of understanding local tax dynamics. Whether you're a homeowner or prospective buyer in Sandoval, being informed about these rates can significantly impact your financial planning.

Property Tax Rates Across Sandoval County, New Mexico

Source: Ownwell

0.59%

0.90%

1.22%

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 Sandoval County Tax Rate

1.19%

Median Effective New Mexico Tax Rate

0.86%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Sandoval County, New Mexico

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Albuquerque	0.71%	0.71%	0.72%	0.72%	0.72%
Algodones	0.66%	0.73%	0.81%	0.95%	0.98%
Bernalillo	0.70%	0.87%	0.90%	1.04%	1.09%
Budaghers	N/A	N/A	N/A	N/A	N/A
Cedar Crest	N/A	N/A	N/A	N/A	N/A
Cochiti Lake	0.51%	0.55%	0.59%	0.62%	0.65%
Cochiti Pueblo	N/A	N/A	N/A	N/A	N/A
Corrales	1.04%	1.07%	1.09%	1.25%	1.25%
Counselor	0.69%	0.78%	0.79%	0.79%	0.84%
Cuba	0.62%	0.77%	0.79%	0.90%	0.92%
Cubero	N/A	N/A	N/A	N/A	N/A
Jemez Pueblo	0.63%	0.70%	0.75%	0.75%	0.76%
Jemez Springs	0.70%	0.75%	0.75%	0.75%	0.83%
La Cueva	N/A	N/A	N/A	N/A	N/A
La Jara	0.65%	0.73%	0.79%	0.79%	0.82%
La Madera	N/A	N/A	N/A	N/A	N/A
Pena Blanca	0.59%	0.72%	0.76%	0.83%	0.89%
Placitas	0.71%	0.73%	0.74%	0.74%	0.74%
Ponderosa	0.56%	0.68%	0.75%	0.75%	0.75%
Regina	0.55%	0.76%	0.79%	0.79%	0.81%
Rio Rancho	1.12%	1.17%	1.22%	1.22%	1.30%
Sandia Park	0.69%	0.71%	0.72%	0.72%	0.72%
San Luis	N/A	N/A	N/A	N/A	N/A
San Ysidro	0.70%	0.83%	0.94%	0.97%	1.00%

Source: Ownwell

Property Tax Assessment Values Across Sandoval County, New Mexico

When examining property taxes in Sandoval 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 Sandoval 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:

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 Sandoval County. For example, the median tax bill in Sandoval County is $2,400, with tax bills ranging significantly across the county. Sandia Park has the highest median home price at $539,732.

Property Tax Assessment Values Across Sandoval County, New Mexico

Source: Ownwell

$35,206

$287,469

$539,732

Median Sandoval County Market Value

$190,579

Median New Mexico Market Value

$121,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Sandoval County, New Mexico

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Albuquerque	$209,864	$323,278	$440,311	$504,414	$542,930
Algodones	$12,047	$43,724	$106,784	$242,935	$366,621
Bernalillo	$8,683	$34,609	$106,447	$241,224	$338,439
Budaghers	N/A	N/A	N/A	N/A	N/A
Cedar Crest	N/A	N/A	N/A	N/A	N/A
Cochiti Lake	$100,177	$124,138	$153,460	$195,216	$248,739
Cochiti Pueblo	N/A	N/A	N/A	N/A	N/A
Corrales	$104,253	$221,266	$350,529	$517,116	$720,938
Counselor	$21,913	$27,659	$48,509	$95,790	$169,246
Cuba	$3,940	$10,399	$35,206	$73,664	$127,720
Cubero	N/A	N/A	N/A	N/A	N/A
Jemez Pueblo	$7,014	$39,016	$88,934	$161,751	$260,005
Jemez Springs	$39,844	$69,907	$125,921	$197,974	$299,230
La Cueva	N/A	N/A	N/A	N/A	N/A
La Jara	$6,671	$24,227	$55,797	$108,789	$170,507
La Madera	N/A	N/A	N/A	N/A	N/A
Pena Blanca	$4,681	$23,237	$58,344	$102,529	$178,340
Placitas	$119,747	$274,503	$380,574	$502,800	$617,692
Ponderosa	$8,702	$26,431	$62,083	$120,996	$200,735
Regina	$8,503	$25,188	$56,018	$94,516	$142,412
Rio Rancho	$108,394	$141,884	$188,545	$271,268	$365,611
Sandia Park	$65,994	$231,823	$539,732	$646,766	$760,244
San Luis	N/A	N/A	N/A	N/A	N/A
San Ysidro	$5,105	$18,595	$48,396	$82,338	$158,037

Source: Ownwell

Property Tax Bills Across Sandoval County, New Mexico

In Sandoval County, NM, property tax bills are determined based on the assessed value of a property, which is typically a percentage of its market value. The median home price in the county is $190,579. The local tax rate is applied to this assessed value to calculate the property tax bill. Various factors such as location, property type, and local government budgets influence the tax rate. For instance, Corrales has the highest median tax bill at $3,916, while Cuba records the lowest at $295.

Homeowners in Sandoval County experience tax bills ranging from $1,497 at the 25th percentile to $4,747 at the 90th percentile. These figures highlight the disparity in tax bills within the county. Compared to the national median property tax rate of 1.02% and a median tax bill of $2,400, Sandoval County's tax bills can significantly impact homeowners. High property taxes can affect affordability, making it crucial for homeowners to understand how their tax bills are calculated and explore potential exemptions or appeals.

Property Tax Bills Across Sandoval County, New Mexico

Source: Ownwell

$295

$2,106

$3,916

Median Sandoval County Tax Bill

$2,213

Median New Mexico Tax Bill

$1,192

Median United States Tax Bill

$2,400

Property Tax Bills Across Sandoval County, New Mexico

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Albuquerque	$1,483	$2,284	$3,095	$3,573	$3,771
Algodones	$84	$361	$939	$2,022	$3,193
Bernalillo	$74	$367	$1,133	$2,295	$3,114
Budaghers	N/A	N/A	N/A	N/A	N/A
Cedar Crest	N/A	N/A	N/A	N/A	N/A
Cochiti Lake	$528	$651	$873	$1,181	$1,604
Cochiti Pueblo	N/A	N/A	N/A	N/A	N/A
Corrales	$1,243	$2,533	$3,916	$5,946	$8,466
Counselor	$186	$277	$383	$823	$1,583
Cuba	$34	$106	$295	$626	$1,059
Cubero	N/A	N/A	N/A	N/A	N/A
Jemez Pueblo	$48	$286	$651	$1,218	$1,968
Jemez Springs	$295	$514	$946	$1,479	$2,261
La Cueva	N/A	N/A	N/A	N/A	N/A
La Jara	$48	$203	$415	$887	$1,381
La Madera	N/A	N/A	N/A	N/A	N/A
Pena Blanca	$38	$190	$426	$827	$1,414
Placitas	$893	$2,043	$2,811	$3,722	$4,616
Ponderosa	$64	$173	$459	$878	$1,467
Regina	$45	$201	$386	$736	$1,129
Rio Rancho	$1,241	$1,667	$2,263	$3,319	$4,579
Sandia Park	$500	$1,688	$3,853	$4,651	$5,485
San Luis	N/A	N/A	N/A	N/A	N/A
San Ysidro	$58	$188	$488	$767	$1,660

Source: Ownwell