Sierra County, New Mexico Property Taxes

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

Median Sierra County effective property tax rate: 0.77%, significantly lower than the national median of 1.02%.
Median Sierra County home value: $44,145
Median annual Sierra County tax bill: $335, $2,065 lower than the national median property tax bill of $2,400.

How are property taxes in Sierra County calculated?

Property taxes in Sierra 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 Truth or Consequences or another part of Sierra County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Sierra County, New Mexico Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.77%

Estimate Property Tax Bill

$340

$315

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

Property Tax Rates Across Sierra County, New Mexico

Local government entities set tax rates, which can vary widely within a state. This is because each county annually 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 Sierra County's effective property tax rate to other counties in New Mexico or the U.S. median property tax rate. Sierra County has a median property tax rate of 0.77%, which is lower than the national median property tax rate of 1.02%. Within New Mexico, the highest median tax rate is found in Elephant Butte at 0.90%, while the lowest is in Arrey at 0.72%. This range highlights the variation in property tax rates across different areas, influenced by local budgetary needs and property values.

Property Tax Rates Across Sierra County, New Mexico

Source: Ownwell

0.72%

0.81%

0.90%

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 Sierra County Taxx Rate

0.77%

Median Effective New Mexico Taxx Rate

0.86%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Sierra County, New Mexico

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Arrey	0.62%	0.72%	0.72%	0.76%	0.76%
Caballo	0.65%	0.72%	0.76%	0.76%	0.77%
Deming	N/A	N/A	N/A	N/A	N/A
Derry	0.72%	0.72%	0.76%	0.76%	0.78%
Elephant Butte	0.76%	0.86%	0.90%	0.90%	0.90%
Hillsboro	0.70%	0.73%	0.76%	0.76%	0.76%
Monticello	0.72%	0.72%	0.76%	0.76%	0.77%
Silver City	N/A	N/A	N/A	N/A	N/A
T Or C	0.39%	0.73%	0.81%	0.81%	0.81%
Truth Or Consequences	0.68%	0.76%	0.79%	0.81%	0.81%
Williamsburg	0.64%	0.72%	0.76%	0.81%	0.81%
Winston	0.67%	0.72%	0.76%	0.76%	0.78%

Source: Ownwell

Property Tax Assessment Values Across Sierra County, New Mexico

When examining property taxes in Sierra 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 Sierra County Assessor 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 Sierra 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 Sierra County. For example, the median tax bill in Sierra County is $767.00, with tax bills ranging significantly across the county. Hillsboro has the highest median home price at $104,232.

Property Tax Assessment Values Across Sierra County, New Mexico

Source: Ownwell

$16,624

$60,428

$104,232

Median Sierra County Market Value

$44,145

Median New Mexico Market Value

$121,540

Median United States Market Value

$244,900

Property Tax Assessment Values Across Sierra County, New Mexico

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Arrey	$3,441	$6,504	$28,329	$59,202	$96,816
Caballo	$5,977	$20,630	$45,510	$98,266	$162,704
Deming	N/A	N/A	N/A	N/A	N/A
Derry	$8,625	$40,412	$71,007	$134,579	$206,702
Elephant Butte	$12,340	$27,534	$81,117	$148,293	$209,343
Hillsboro	$34,074	$61,200	$104,232	$177,972	$302,243
Monticello	$9,231	$37,590	$82,926	$137,440	$179,898
Silver City	N/A	N/A	N/A	N/A	N/A
T Or C	$5,386	$12,514	$16,624	$49,659	$65,216
Truth Or Consequences	$5,577	$16,974	$49,846	$94,241	$150,856
Williamsburg	$6,650	$24,398	$52,296	$97,339	$151,797
Winston	$11,801	$31,152	$62,085	$98,450	$169,079

Source: Ownwell

Property Tax Bills Across Sierra County, New Mexico

In Sierra County, NM, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the county assessor and is a percentage of the property's market value. The property tax rate is then applied to this assessed value to determine the annual tax bill. In Sierra County, the median home price is $44,145, significantly lower than the national median, which affects the overall tax bill for homeowners. The county's median property tax bill is below the national median of $2,400, with the 25th percentile at $103 and the 75th percentile at $748. Homeowners in Hillsboro experience the highest median tax bill in the county at $767, while those in T or C enjoy the lowest at $115. These variations in tax bills can influence homeowners' financial planning and decisions about property investments. Understanding these factors is crucial for homeowners to anticipate their annual expenses and manage their budgets effectively.

Property Tax Bills Across Sierra County, New Mexico

Source: Ownwell

$115

$441

$767

Median Sierra County Tax Bill

$335

Median New Mexico Tax Bill

$1,192

Median United States Tax Bill

$2,690

Property Tax Bills Across Sierra County, New Mexico

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Arrey	$23	$39	$192	$396	$688
Caballo	$39	$123	$301	$701	$1,234
Deming	N/A	N/A	N/A	N/A	N/A
Derry	$68	$288	$512	$1,035	$1,639
Elephant Butte	$89	$221	$608	$1,260	$1,807
Hillsboro	$251	$464	$767	$1,356	$2,280
Monticello	$114	$287	$603	$1,006	$1,357
Silver City	N/A	N/A	N/A	N/A	N/A
T Or C	$49	$64	$115	$149	$535
Truth Or Consequences	$42	$123	$375	$724	$1,172
Williamsburg	$47	$175	$378	$716	$1,137
Winston	$66	$179	$467	$746	$1,253

Source: Ownwell