Eddy County, New Mexico Property Taxes
Property Taxes in Eddy County, New Mexico
Median Eddy County effective property tax rate: 0.67%, significantly lower than the national median of 1.02%.
Median Eddy County home value: $36,198
Median annual Eddy County tax bill: $274, $2,126 lower than the national median property tax bill of $2,400.
How are property taxes in Eddy County calculated?
Property taxes in Eddy County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Eddy County or another part of Eddy County, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Eddy County, New Mexico Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.67%
Estimate Property Tax Bill
$243
$225
How Does the Eddy County Property Tax Calculator Work?
Use this Eddy County property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Eddy County's median effective tax rate of 0.67% to generate your estimate.
Enter your property's estimated assessed value — the figure the appraisal district assigns for tax purposes, which is typically lower than market value after applicable exemptions. Our calculator uses the median effective rate for a more accurate estimate than the statutory millage rate alone.
Your actual bill may vary based on your specific exemptions, local school district levies, and any special assessment districts that apply to your property. Eddy County's median property tax bill of $274 is lower than the New Mexico median property tax bill of $2,400 by $2,126.
For a more precise estimate, scroll down to explore city and ZIP code-level tax rate trends across Eddy County.
Property Tax Rates Across Eddy County, New Mexico
What Are Effective Property Tax Rates Across Eddy County?
Local government entities set tax rates, which vary widely across Eddy County. Each year, the county estimates its budget for public services and divides that total by the assessed value of all taxable property within its jurisdiction.
Below, compare Eddy County's effective property tax rate to other counties in New Mexico or the U.S. median of 1.02%.
Eddy County's median effective rate stands at 0.67%, which is lower than the national median of 1.02%. Within Eddy County, the highest rate is found in Lake Arthur at 0.74%, while Loving has the lowest at 0.47%.
These variations reflect differences in local school district levies, special assessment districts assessments, and special district bonds — which compound the base county rate.
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 Eddy County Tax Rate
0.67%
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 New Mexico Tax Rate
0.85%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Eddy County, New Mexico
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Artesia | 0.40% | 0.51% | 0.62% | 0.68% | 0.75% |
| Carlsbad | 0.53% | 0.65% | 0.68% | 0.83% | 0.85% |
| Hope | 0.49% | 0.53% | 0.65% | 0.67% | 0.69% |
| Lake Arthur | 0.53% | 0.53% | 0.74% | 0.75% | 0.75% |
| Loco Hills | 0.51% | 0.51% | 0.52% | 0.53% | 0.53% |
| Loving | 0.36% | 0.43% | 0.47% | 0.49% | 0.56% |
| Malaga | 0.62% | 0.65% | 0.67% | 0.67% | 0.68% |
| Lakewood | N/A | N/A | N/A | N/A | N/A |
| Whites City | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Eddy County, New Mexico
When examining property taxes in Eddy County, 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 Eddy 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.
Assessment notices:
In Eddy 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. The median tax bill in Eddy County is $274, compared with the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. Tax bills range significantly across the county, from $119 in Loco Hills to $609 in Malaga, while Lake Arthur has the highest median home price at $92,560.
Median Eddy County Market Value
$36,198
Median New Mexico Market Value
$129,686
Median United States Market Value
$235,294
Property Tax Assessment Values Across Eddy County, New Mexico
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Artesia | $4,500 | $9,577 | $34,767 | $106,871 | $234,197 |
| Carlsbad | $4,350 | $9,087 | $37,044 | $102,372 | $228,599 |
| Hope | $2,450 | $4,696 | $12,426 | $53,810 | $116,172 |
| Lake Arthur | $12,492 | $41,841 | $92,560 | $183,550 | $382,247 |
| Loco Hills | $4,750 | $12,182 | $24,064 | $47,996 | $65,327 |
| Loving | $4,000 | $11,936 | $37,456 | $64,201 | $142,118 |
| Malaga | $15,143 | $32,630 | $91,624 | $163,240 | $336,910 |
| Lakewood | N/A | N/A | N/A | N/A | N/A |
| Whites City | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Eddy County, New Mexico
Property tax bills in Eddy County are based on the assessed value of a home and the local tax rate applied to that value. When a property’s market value changes, the assessed value can change too, which can affect the final bill. Local taxing authorities use this assessment to fund public services, so homeowners with higher-valued properties generally pay more.
The typical home price in the county is $36,198, and property tax bills can vary widely. The 25th percentile bill is $70, while the 75th percentile reaches $742. At the high end, the 90th percentile bill is $1,689. Some areas see higher median bills, such as $609.00 in Malaga, while others are much lower, like $119.00 in Loco Hills.
For homeowners, this means property taxes can shift as home values and local rates change, making it important to understand how the bill is calculated.
Median Eddy County Tax Bill
$274
Median New Mexico Tax Bill
$1,249
Median United States Tax Bill
$2,400
Property Tax Bills Across Eddy County, New Mexico
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Artesia | $25 | $64 | $236 | $743 | $1,771 |
| Carlsbad | $31 | $74 | $321 | $810 | $1,784 |
| Hope | $19 | $33 | $122 | $383 | $726 |
| Lake Arthur | $76 | $250 | $518 | $1,279 | $2,865 |
| Loco Hills | $24 | $64 | $119 | $263 | $346 |
| Loving | $19 | $59 | $186 | $345 | $696 |
| Malaga | $97 | $203 | $609 | $1,097 | $2,235 |
| Lakewood | N/A | N/A | N/A | N/A | N/A |
| Whites City | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 1 |
Links | |
|---|---|
| Eddy Tax Assessor | |
| Website | liveassessor.co.eddy.nm.us |