Valencia County, New Mexico Property Taxes
Median Valencia County effective property tax rate: 0.84%, significantly lower than the national median of 1.02%.
Median Valencia County home value: $25,479
Median annual Valencia County tax bill: $228, $2,172 lower than the national median property tax bill of $2,400.
How are property taxes in Valencia County calculated?
Property taxes in Valencia 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 Belen or another part of Valencia County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Valencia County, New Mexico Property Tax Bill Calculator
$100,000
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Median Effective Tax Rate
0.84%
Estimate Property Tax Bill
$214
$199
Property Tax Rates Across Valencia County, New Mexico
Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates the budget required to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While the process involves votes and laws to set tax rates and budgets, this is the essence of the annual procedure.
In Valencia County, the effective property tax rate is a key point of comparison with other counties in New Mexico or the U.S. median property tax rate. Valencia County's rate is notably below the national median property tax rate of 1.02%, making it an attractive area for property owners seeking lower tax burdens. Meanwhile, Peralta has the highest median tax rate within the county at 1.04%, and Bosque boasts the lowest at 0.78%. These rates highlight the variability within the region, allowing property owners to make informed decisions based on their financial priorities and the services they value.
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 Valencia County Tax Rate
0.84%
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 New Mexico Tax Rate
0.86%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Valencia County, New Mexico
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belen | 0.71% | 0.78% | 0.91% | 0.97% | 1.23% |
| Bosque | 0.25% | 0.70% | 0.78% | 0.93% | 0.96% |
| Bosque Farms | 0.79% | 0.92% | 1.03% | 1.10% | 1.10% |
| Jarales | 0.78% | 0.78% | 0.93% | 0.96% | 0.96% |
| Laguna | 0.65% | 0.83% | 0.84% | 0.84% | 0.84% |
| Los Lunas | 0.72% | 0.83% | 0.84% | 0.96% | 1.11% |
| Peralta | 0.79% | 0.90% | 1.04% | 1.10% | 1.10% |
| Rio Communities | 0.44% | 0.78% | 0.87% | 0.88% | 0.88% |
| Veguita | 0.56% | 0.78% | 0.79% | 0.79% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Valencia County, New Mexico
When examining property taxes in Valencia 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 Valencia 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.
In Valencia 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 Valencia County. For example, the median tax bill in Valencia County is $457, with tax bills ranging significantly across the county. Bosque Farms has the highest median home price at $45,000.
Property Tax Assessment Values Across Valencia County, New Mexico
Source: Ownwell
$16,883
$30,942
$45,000
Median Valencia County Market Value
$25,479
Median New Mexico Market Value
$121,540
Median United States Market Value
$235,294
Property Tax Assessment Values Across Valencia County, New Mexico
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belen | $3,453 | $10,109 | $28,803 | $83,048 | $128,101 |
| Bosque | $5,883 | $15,128 | $33,074 | $55,576 | $84,510 |
| Bosque Farms | $3,562 | $9,864 | $45,000 | $110,472 | $146,382 |
| Jarales | $5,143 | $11,949 | $35,000 | $75,066 | $135,394 |
| Laguna | $3,502 | $11,233 | $16,883 | $54,618 | $80,526 |
| Los Lunas | $3,775 | $11,079 | $24,039 | $66,366 | $114,958 |
| Peralta | $4,349 | $13,464 | $40,743 | $106,537 | $143,172 |
| Rio Communities | $4,004 | $9,861 | $33,587 | $93,855 | $129,951 |
| Veguita | $7,402 | $17,834 | $23,838 | $87,255 | $123,645 |
Source: Ownwell
Property Tax Bills Across Valencia County, New Mexico
Median Valencia County Tax Bill
$228
Median New Mexico Tax Bill
$1,192
Median United States Tax Bill
$2,400
Property Tax Bills Across Valencia County, New Mexico
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belen | $27 | $80 | $248 | $775 | $1,213 |
| Bosque | $25 | $89 | $273 | $457 | $800 |
| Bosque Farms | $30 | $78 | $457 | $1,178 | $1,577 |
| Jarales | $36 | $111 | $335 | $712 | $1,281 |
| Laguna | $25 | $75 | $141 | $428 | $628 |
| Los Lunas | $29 | $87 | $201 | $602 | $1,137 |
| Peralta | $37 | $124 | $447 | $1,118 | $1,534 |
| Rio Communities | $27 | $66 | $334 | $817 | $1,129 |
| Veguita | $55 | $140 | $188 | $653 | $975 |
Source: Ownwell