Santa Teresa, Doaana County, New Mexico Property Taxes
Median Santa Teresa, NM effective property tax rate: 1.29%, significantly higher than the national median of 1.02%, but lower than the New Mexico state median of 0.86%.
Median Santa Teresa, NM home value: $207,601
Median annual Santa Teresa, NM tax bill: $2,554, $154 higher than the national median property tax bill of $2,400.
How are property taxes in DoaAna calculated?
Property taxes in Santa Teresa, 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 Santa Teresa’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Santa Teresa, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Santa Teresa, Doaana County, New Mexico Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.29%
Estimate Property Tax Bill
$2,678
$2,485
Ownwell’s Santa Teresa Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Santa Teresa with just two data points.
By entering your property's estimated assessed value, our calculator applies Santa Teresa’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 Doña Ana County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Santa Teresa, Doaana County, New Mexico
Local government entities determine property tax rates, leading to significant variations within a state. Annually, counties calculate their budgets for public services and divide this by the total assessed value of all taxable properties in their jurisdiction, resulting in the property tax rate. Though votes and regulations play a role in setting these rates and budgets, this encapsulates the yearly process.
In Santa Teresa, located in Doña Ana County, the effective property tax rate is 1.29%, which is notably higher than the national median of 1.02%. This higher rate reflects the county's approach to funding local services, impacting homeowners' annual tax bills. When compared to the national median property tax bill of $2,400, residents in Santa Teresa may experience a higher financial obligation due to this elevated rate.
By understanding how these rates are determined and comparing them to other cities in New Mexico and nationwide, property owners in Santa Teresa can better anticipate their tax responsibilities and explore potential avenues for appeal or exemption to alleviate their tax burden.
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 Santa Teresa Tax Rate
1.29%
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 Santa Teresa, Doaana County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 88008 | 0.99% | 1.02% | 1.29% | 1.33% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Santa Teresa, Doaana County, New Mexico
When examining property taxes in Santa Teresa, 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 Doña Ana County appraisal district 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 Doña Ana 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 Santa Teresa.
For example, the median home price in Santa Teresa is $207,601, with tax bills ranging significantly across the county. Zip code 88008 has the highest median home price at $207,601.
Property Tax Assessment Values Across Santa Teresa, Doaana County, New Mexico
Source: Ownwell
$5,000
$127,698
$250,395
Median Santa Teresa Market Value
$207,601
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 Santa Teresa, Doaana County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 88008 | $136,844 | $170,634 | $207,601 | $248,169 | $298,298 |
Source: Ownwell
Property Tax Bills Across Santa Teresa, Doaana County, New Mexico
In Santa Teresa, NM, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value. Homeowners in Santa Teresa, located in Doña Ana County, experience tax bills that can vary significantly. The 25th percentile tax bill is around $1,903, while the 75th percentile reaches up to $3,106, and the 90th percentile can be as high as $4,271. This range highlights the variability in tax burdens, depending on property values and assessment rates.
Compared to the national median property tax bill of $2,400, Santa Teresa's property tax bills can be both below and above average. This variability can impact homeowners' budgets, making it crucial to ensure that assessments are accurate. Ownwell assists homeowners by providing property tax appeal and exemption services, potentially lowering tax bills by ensuring fair assessments. By leveraging expert knowledge, Ownwell helps homeowners navigate the complexities of property taxes, ultimately saving money and reducing financial stress.
Median Santa Teresa Tax Bill
$2,554
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 Santa Teresa, Doaana County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 88008 | $1,386 | $1,903 | $2,554 | $3,106 | $4,271 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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| DoaAna Tax Assessor | |
| Website | assessor.donaanacounty.org |