Laguna, Cibola County, New Mexico Property Taxes

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

Median LAGUNA, NM effective property tax rate: 0.94%, significantly lower than the national median of 1.02%, but higher than the New Mexico state median of 0.86%.
Median LAGUNA, NM home value: $96,390
Median annual LAGUNA, NM tax bill: $912, $1,488 lower than the national median property tax bill of $2,400.

How are property taxes in Cibola calculated?

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

Last Updated March 1, 2025

Laguna, Cibola County, New Mexico Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.94%

Estimate Property Tax Bill

$906

$841

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

Property Tax Rates Across Laguna, Cibola County, New Mexico

Local government entities determine property tax rates, which can differ significantly within a state. Each year, counties estimate their budgetary needs to maintain essential services and divide this by the total assessed value of all taxable properties within their area. This process establishes the property tax rate. Although votes and legislation play a role in setting these rates and budgets, this annual calculation is the core of the process.

In Laguna, located in Cibola County, New Mexico, the effective property tax rate can be compared to other cities across the state and the national median. The median property tax rate in New Mexico is 0.94%, which is below the national median rate of 1.02%. This indicates that property owners in New Mexico, including those in Laguna, generally experience lower tax rates compared to the national average. However, individual experiences may vary based on specific county requirements and property values. Understanding these differences can help property owners better anticipate their annual tax obligations and explore potential savings through appeals or exemptions.

Property Tax Rates Across Laguna, Cibola County, New Mexico

Source: Ownwell

0.63%

0.85%

1.06%

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 Laguna Tax Rate

0.94%

Median Effective Cibola County Tax Rate

0.98%

Median Effective New Mexico Tax Rate

0.86%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Laguna, Cibola County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
87026	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Laguna, Cibola County, New Mexico

When examining property taxes in Laguna, New Mexico, 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 Cibola 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 Cibola 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 Laguna.

For example, the median home price in Laguna is $96,390, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Laguna, Cibola County, New Mexico

Source: Ownwell

$25,925

$63,601

$101,276

Median Laguna Market Value

$96,390

Median Cibola County Market Value

$45,831

Median New Mexico Market Value

$121,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Laguna, Cibola County, New Mexico

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
87026	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Laguna, Cibola County, New Mexico

In Laguna, located in Cibola County, New Mexico, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local assessor's office, which evaluates the property's market value and applies the state's assessment ratio. Homeowners in Laguna face a median property tax bill that falls below the national median of $2,400, with the 25th percentile at $487 and the 75th percentile reaching $1,338. These figures reflect the relatively lower property values in the area, with the median home price at $96,390. However, even with lower tax bills, homeowners can still benefit significantly from appealing their assessments. Ownwell offers expert property tax appeal services, helping homeowners ensure their property is not over-assessed. By analyzing market trends and comparable property values, Ownwell can potentially reduce tax bills, providing valuable savings. With Ownwell's assistance, homeowners in Laguna can achieve a fair tax bill, aligning more closely with their property's true market value.

Property Tax Bills Across Laguna, Cibola County, New Mexico

Source: Ownwell

$190

$564

$937

Median Laguna Tax Bill

$912

Median Cibola County Tax Bill

$449

Median New Mexico Tax Bill

$1,192

Median United States Tax Bill

$2,400

Property Tax Bills Across Laguna, Cibola County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
87026	N/A	N/A	N/A	N/A	N/A

Source: Ownwell