San Ysidro, Sandoval County, New Mexico Property Taxes
The median property tax rate in San Ysidro, NM is 0.94%, slightly below the national median of 0.99% but above the New Mexico state median of 0.86%. With a median home value of $48,396 in San Ysidro, the typical annual property tax bill amounts to $488, significantly lower than the national median of $2,690. Property taxes in San Ysidro are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding San Ysidro's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of San Ysidro or another part of the city, getting acquainted with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
San Ysidro, Sandoval County, New Mexico Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$455
$422
Ownwell’s San Ysidro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in San Ysidro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in San Ysidro 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 Ysidro, Sandoval County, New Mexico
Property taxes in San Ysidro, New Mexico, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in San Ysidro is 0.94%, which is lower than the New Mexico state median of 0.55% but slightly below the U.S. national median of 0.99%. Local government entities within San Ysidro set these rates annually, and they can vary significantly across different neighborhoods. Each year, San Ysidro 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 Ysidro's effective property tax rate to other counties in New Mexico and the national median. For comparison, the 87053 zip code has the highest median property tax rate of 0.94%, while the same zip code also has the lowest median tax rate of 0.94%. Understanding how these cities compare with San Ysidro provides valuable insights into the varying tax landscape across Sandoval County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average San Ysidro Tax Rate
0.94%
Average Sandoval County Tax Rate
1.19%
Average New Mexico Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across San Ysidro, Sandoval County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87053 | 0.70% | 0.83% | 0.94% | 0.97% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across San Ysidro, Sandoval County, New Mexico
In SAN YSIDRO, 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 Sandoval 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 SAN YSIDRO, 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 87053 has the highest and lowest median tax bill at $488. Being aware of these valuation processes in SAN YSIDRO helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across San Ysidro, Sandoval County, New Mexico
Source: Ownwell
$35,206
$287,469
$539,732
Average San Ysidro Assessed Value
$48,396
Average Sandoval County Assessed Value
$190,579
Average New Mexico Assessed Value
$121,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across San Ysidro, Sandoval County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87053 | $5,105 | $18,595 | $48,396 | $82,338 | $158,037 |
Source: Ownwell
Property Tax Bills Across San Ysidro, Sandoval County, New Mexico
In San Ysidro, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For homeowners in San Ysidro, the median home price is $48,396, and the property tax rate is reflective of Sandoval County's standards. Tax bills can vary significantly depending on the value of the property. For instance, the tax bill at the 25th percentile is $188, while at the 75th percentile, it rises to $767. At the 90th percentile, homeowners might see tax bills as high as $1,660. These variations can have a substantial impact on homeowners, influencing their overall housing costs and financial planning. Compared to the national median property tax rate of 0.99%, San Ysidro's rates offer a unique perspective on how local property values and tax rates interplay to affect the financial responsibilities of homeowners in the area.
Average San Ysidro Tax Bill
$488
Average Sandoval County Tax Bill
$2,213
Average New Mexico Tax Bill
$1,192
Average United States Tax Bill
$2,690
Property Tax Bills Across San Ysidro, Sandoval County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87053 | $58 | $188 | $488 | $767 | $1,660 |
Source: Ownwell