Placitas, Doaana County, New Mexico Property Taxes
Median Placitas, NM effective property tax rate: 0.92%, significantly lower than the national median of 1.02%, but higher than the New Mexico state median of 0.86%.
Median Placitas, NM home value: $10,242
Median annual Placitas, NM tax bill: $67, $2,333 lower than the national median property tax bill of $2,400.
How are property taxes in DoaAna calculated?
Property taxes in Placitas, 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 Placitas’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Placitas, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Placitas, Doaana County, New Mexico Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.92%
Estimate Property Tax Bill
$94
$87
Property Tax Rates Across Placitas, Doaana County, New Mexico
Local government entities set tax rates, which can vary widely within a state. Annually, each county 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 Placitas’s effective property tax rate to other cities in NM and the median property tax rates in NM and the U.S.
In Placitas, the property tax rate stands at 0.92%, which is slightly below the national median of 1.02%. This makes Placitas an appealing option for property owners looking to save on taxes, as the local rate is also aligned with the highest and lowest median tax rates in the area. The median property tax bill in this region is notably more affordable compared to the national figure of $2,400. With such competitive rates, property owners in Placitas can enjoy substantial savings, making it an attractive location for both current residents and potential buyers.
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 Placitas Tax Rate
0.92%
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 Doaana County Tax Rate
1.02%
Median Effective New Mexico Tax Rate
0.86%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Placitas, Doaana County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87043 | 0.51% | 0.76% | 0.92% | 0.92% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Placitas, Doaana County, New Mexico
When examining property taxes in Placitas, 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 DoaAna 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 DoaAna 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 Placitas. For example, the median home price in Placitas is $10,242, with tax bills ranging significantly across the county. Zip code 87043 has the highest median home price at $10,242.
Property Tax Assessment Values Across Placitas, Doaana County, New Mexico
Source: Ownwell
$5,000
$127,698
$250,395
Median Placitas Market Value
$10,242
Median Doaana County Market Value
$120,428
Median New Mexico Market Value
$121,540
Median United States Market Value
$235,294
Property Tax Assessment Values Across Placitas, Doaana County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87043 | $4,547 | $5,000 | $10,242 | $32,532 | $73,406 |
Source: Ownwell
Property Tax Bills Across Placitas, Doaana County, New Mexico
In Placitas, located in Doña Ana County, NM, property tax bills are calculated based on the assessed value of a home. This value is determined by the local assessor's office and reflects a percentage of the property's market value. Homeowners in Placitas can expect property tax bills that vary significantly, with the 25th percentile at $46, the 75th percentile at $258, and the 90th percentile reaching $606. These figures are notably lower than the national median property tax bill of $2,400, offering a more affordable option for homeowners in the area.
Despite these lower rates, homeowners may still be paying more than necessary due to over-assessments. This is where Ownwell can make a difference. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure their property is assessed fairly, potentially lowering their tax bills. With a deep understanding of local tax regulations and a commitment to customer savings, Ownwell is dedicated to helping homeowners in Placitas reduce their property tax burdens effectively.
Median Placitas Tax Bill
$67
Median Doaana County Tax Bill
$1,201
Median New Mexico Tax Bill
$1,192
Median United States Tax Bill
$2,400
Property Tax Bills Across Placitas, Doaana County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87043 | $35 | $46 | $67 | $258 | $606 |
Source: Ownwell