Los Ranchos, Bernalillo County, New Mexico Property Taxes

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

Median Los Ranchos, NM effective property tax rate: 1.23%, significantly higher than the national median of 1.02%, but lower than the New Mexico state median of 0.86%.
Median Los Ranchos, NM home value: $258,449
Median annual Los Ranchos, NM tax bill: $3,946, $1,546 higher than the national median property tax bill of $2,400.

How are property taxes in Bernalillo calculated?

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

Last Updated March 1, 2025

Los Ranchos, Bernalillo County, New Mexico Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.23%

Estimate Property Tax Bill

$3,179

$2,950

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

Property Tax Rates Across Los Ranchos, Bernalillo County, New Mexico

Local government entities in New Mexico set tax rates, which can vary widely within the state. Annually, each county estimates its required budget to provide essential 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. In Los Ranchos, located in Bernalillo County, the effective property tax rate is a point of interest for many residents. When compared to other cities in New Mexico, Los Ranchos offers a unique perspective on property tax rates. The median property tax rate in Los Ranchos aligns with the highest and lowest rates in the state, providing a consistent tax landscape for its residents. This rate is slightly above the national median property tax rate of 1.02%, which translates to a higher tax bill compared to the national median of $2,400. Understanding these rates can help property owners in Los Ranchos make informed decisions about their investments and financial planning.

Property Tax Rates Across Los Ranchos, Bernalillo County, New Mexico

Source: Ownwell

0.90%

1.22%

1.55%

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 Los Ranchos Tax Rate

1.23%

Median Effective Bernalillo County Tax Rate

1.38%

Median Effective New Mexico Tax Rate

0.86%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Los Ranchos, Bernalillo County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
87107	1.19%	1.21%	1.23%	1.24%	1.25%
87114	1.19%	1.21%	1.23%	1.23%	1.25%

Source: Ownwell

Property Tax Assessment Values Across Los Ranchos, Bernalillo County, New Mexico

When examining property taxes in Los Ranchos, 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 Bernalillo 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.

In Bernalillo 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 Los Ranchos.

For example, the median home price in Los Ranchos is $258,449, with tax bills ranging significantly across the county. Zip code 87107 has the highest median home price at $264,815.

Property Tax Assessment Values Across Los Ranchos, Bernalillo County, New Mexico

Source: Ownwell

$69,800

$279,013

$488,226

Median Los Ranchos Market Value

$258,449

Median Bernalillo County Market Value

$164,969

Median New Mexico Market Value

$121,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Los Ranchos, Bernalillo County, New Mexico

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
87107	$5,900	$148,324	$264,815	$536,646	$777,937
87114	$2,840	$50,741	$231,852	$435,086	$602,218

Source: Ownwell

Property Tax Bills Across Los Ranchos, Bernalillo County, New Mexico

In Los Ranchos, property tax bills are calculated based on the assessed value of a home, which is determined by the Bernalillo County Assessor's Office. The assessed value is a percentage of the market value, which is influenced by factors such as location, property size, and improvements. Homeowners in Los Ranchos can expect a median property tax bill that ranges significantly, with the 25th percentile at $2,379 and the 90th percentile reaching up to $9,989. This variation is due to differences in property values and applicable exemptions. Compared to the national median property tax bill of $2,400, Los Ranchos residents may face higher taxes, particularly in areas like zip code 87107, where the median tax bill is $4,037. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions. By analyzing property assessments and market conditions, Ownwell helps ensure homeowners are not overpaying, potentially reducing their tax burden and resulting in significant savings on their annual property tax bills.

Property Tax Bills Across Los Ranchos, Bernalillo County, New Mexico

Source: Ownwell

$1,375

$3,472

$5,568

Median Los Ranchos Tax Bill

$3,946

Median Bernalillo County Tax Bill

$2,460

Median New Mexico Tax Bill

$1,192

Median United States Tax Bill

$2,400

Property Tax Bills Across Los Ranchos, Bernalillo County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
87107	$1,710	$2,432	$4,037	$7,330	$10,689
87114	$1,274	$2,257	$3,787	$6,016	$8,077

Source: Ownwell