Carlsbad, Santa Fe County, New Mexico Property Taxes

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

Median Carlsbad, NM effective property tax rate: 0.68%, significantly lower than the national median of 1.02% and also lower than the New Mexico state median of 0.86%.
Median Carlsbad, NM home value: $4,637
Median annual Carlsbad, NM tax bill: $31, $2,369 lower than the national median property tax bill of $2,400.

How are property taxes in Santa Fe calculated?

Property taxes in Carlsbad, NM 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 Carlsbad’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Carlsbad, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Carlsbad, Santa Fe County, New Mexico Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.68%

Estimate Property Tax Bill

$32

$29

Ownwell’s Carlsbad Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Carlsbad with just two data points. By entering your property's estimated assessed value, our calculator applies Carlsbad’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Eddy County — reflects any exemptions you may have, ensuring a 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 Eddy County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Carlsbad, Santa Fe County, New Mexico

Local government entities in each region determine property tax rates, leading to significant variability within a state. This occurs because counties calculate their necessary budget for services annually and divide this by the total value of all taxable properties in their area, resulting in the property tax rate. While setting these rates involves votes and legislation, this is essentially how it works each year.

Carlsbad in Eddy County, New Mexico, presents an interesting case for property tax comparison. Carlsbad’s effective property tax rate is lower than the national median of 1.02%. This can be a significant advantage for homeowners, as it translates into lower annual tax bills compared to the national median property tax bill of $2,400. This makes Carlsbad an attractive option for property owners looking to minimize their tax burden.

Comparing Carlsbad’s rate to other cities in New Mexico, it's evident that local tax policies can significantly impact property owners. Understanding these differences is crucial for homeowners and potential buyers who want to make informed decisions about their investments.

Property Tax Rates Across Carlsbad, Santa Fe County, New Mexico

Source: Ownwell

0.49%

0.56%

0.64%

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 Carlsbad Tax Rate

0.68%

Median Effective Santa Fe County Tax Rate

0.55%

Median Effective New Mexico Tax Rate

0.86%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Carlsbad, Santa Fe County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
88220	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Carlsbad, Santa Fe County, New Mexico

When examining property taxes in Carlsbad, NM, 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 Santa Fe County appraisal district 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.

In Santa Fe 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 Carlsbad.

For example, the median home price in Carlsbad is $4,637, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Carlsbad, Santa Fe County, New Mexico

Source: Ownwell

$113,472

$386,640

$659,808

Median Carlsbad Market Value

$4,637

Median Santa Fe County Market Value

$365,234

Median New Mexico Market Value

$121,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Carlsbad, Santa Fe County, New Mexico

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
88220	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Carlsbad, Santa Fe County, New Mexico

In Carlsbad, NM, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is a percentage of the market value of the property. Homeowners in Carlsbad face a median property tax bill that is significantly lower than the national median, with the 25th percentile tax bill at just $25, and the 75th percentile tax bill reaching $37. Compared to the national median property tax bill of $2400, Carlsbad residents benefit from considerably lower property tax expenses. However, even these lower bills can place a financial burden on homeowners, especially if the assessed value of their property is inaccurately high. This is where Ownwell steps in to assist. By providing expert property tax appeal services, Ownwell helps homeowners ensure their property is assessed accurately, potentially lowering their tax bills. With a thorough understanding of local tax laws and valuation methods, Ownwell can identify discrepancies and advocate for fair assessments, ultimately saving homeowners money.

Property Tax Bills Across Carlsbad, Santa Fe County, New Mexico

Source: Ownwell

$598

$2,115

$3,631

Median Carlsbad Tax Bill

$31

Median Santa Fe County Tax Bill

$1,886

Median New Mexico Tax Bill

$1,192

Median United States Tax Bill

$2,400

Property Tax Bills Across Carlsbad, Santa Fe County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
88220	N/A	N/A	N/A	N/A	N/A

Source: Ownwell