Sandia Park, Bernalillo County, New Mexico Property Taxes

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

Median Sandia Park, NM effective property tax rate: 1.00%, slightly lower than the national median of 1.02%, but higher than the New Mexico state median of 0.86%.
Median Sandia Park, NM home value: $209,720
Median annual Sandia Park, NM tax bill: $2,364, $36 lower than the national median property tax bill of $2,400.

How are property taxes in Bernalillo calculated?

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

Last Updated March 1, 2025

Sandia Park, Bernalillo County, New Mexico Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

Estimate Property Tax Bill

$2,097

$1,946

Ownwell’s Sandia Park Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Sandia Park with just two data points. By entering your property's estimated assessed value, our calculator applies Sandia Park’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 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 Sandia Park, Bernalillo County, New Mexico

Local government entities are responsible for setting property tax rates, which can vary significantly within a state. Each county determines its required budget for public services annually and divides this by the total value of all taxable property in the area, resulting in the property tax rate. Although votes and laws play a role in this process, this calculation is the essence of how property tax rates are established each year. In Sandia Park, located in Bernalillo County, New Mexico, the effective property tax rate is a reflection of these local government decisions. Compared to other cities in New Mexico and the national median, Sandia Park's property tax rate offers insight into the region's fiscal strategy. While Sandia Park's rate aligns closely with the state's median, it is slightly below the national median, suggesting a relatively moderate tax burden for property owners in this area. Understanding these rates can help property owners make informed decisions and potentially seek property tax appeals or exemptions if they believe their assessed value is inaccurately high.

Property Tax Rates Across Sandia Park, 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 Sandia Park Tax Rate

1.00%

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 Sandia Park, Bernalillo County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
87047	0.96%	0.98%	1.00%	1.00%	1.02%

Source: Ownwell

Property Tax Assessment Values Across Sandia Park, Bernalillo County, New Mexico

When examining property taxes in Sandia Park, 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 Sandia Park.

For example, the median home price in Sandia Park is $209,720, with tax bills ranging significantly across the county. Zip code 87047 has the highest median home price at $209,720.

Property Tax Assessment Values Across Sandia Park, Bernalillo County, New Mexico

Source: Ownwell

$69,800

$279,013

$488,226

Median Sandia Park Market Value

$209,720

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 Sandia Park, Bernalillo County, New Mexico

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
87047	$22,610	$114,802	$209,720	$348,695	$465,448

Source: Ownwell

Property Tax Bills Across Sandia Park, Bernalillo County, New Mexico

Property tax bills in Sandia Park, located in Bernalillo County, NM, are calculated based on the assessed value of a property. This assessed value is determined by the county assessor and is often a percentage of the property's market value. The property tax rate is applied to this assessed value to calculate the tax bill. Homeowners in Sandia Park face a median property tax bill of approximately $2,364, which is slightly below the national median of $2,400. Factors such as property improvements, neighborhood changes, and market conditions can affect the assessed value, thereby impacting the tax bill. For homeowners, this means that any increase in assessed value could lead to higher property taxes. Ownwell offers services to help homeowners potentially reduce their property tax bills by appealing assessed values that may be too high. By leveraging local market insights and expert knowledge, Ownwell can identify opportunities for savings, ensuring homeowners only pay their fair share in property taxes.

Property Tax Bills Across Sandia Park, Bernalillo County, New Mexico

Source: Ownwell

$1,375

$3,472

$5,568

Median Sandia Park Tax Bill

$2,364

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 Sandia Park, Bernalillo County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
87047	$868	$1,477	$2,364	$3,664	$4,913

Source: Ownwell

Don't miss the deadline to appeal!

Dates

Links
Bernalillo Tax Assessor
Website	assessor.bernco.gov