Arenas Valley, Grant County, New Mexico Property Taxes

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

Median Arenas Valley, NM effective property tax rate: 0.53%, significantly lower than the national median of 1.02%, but lower than the New Mexico state median of 0.86%.
Median Arenas Valley, NM home value: $41,345
Median annual Arenas Valley, NM tax bill: $263, $2,137 lower than the national median property tax bill of $2,400.

How are property taxes in Grant County calculated?

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

Last Updated March 1, 2025

Arenas Valley, Grant County, New Mexico Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.53%

Estimate Property Tax Bill

$219

$203

Ownwell’s Arenas Valley Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Arenas Valley with just two data points.

By entering your property's estimated assessed value, our calculator applies Arenas Valley’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 Grant County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Arenas Valley, Grant County, New Mexico

Local government entities set tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget to provide services and dividing 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 these rates and budgets, in a nutshell, this is the annual process. In Arenas Valley, located in Grant County, property owners experience a median property tax rate of 0.53%, which aligns with the highest and lowest rates in the area. This rate is significantly lower than the national median property tax rate of 1.02%, offering property owners in Arenas Valley a considerable advantage. When comparing Arenas Valley's effective property tax rate to other cities in New Mexico and the U.S., it's clear that residents benefit from a more favorable tax environment. This lower tax rate can translate into significant savings, making Arenas Valley an attractive location for property ownership.

Property Tax Rates Across Arenas Valley, Grant County, New Mexico

Source: Ownwell

0.50%

0.66%

0.81%

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 Arenas Valley Tax Rate

0.53%

Median Effective Grant County Tax Rate

0.60%

Median Effective New Mexico Tax Rate

0.86%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Arenas Valley, Grant County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
88022	0.48%	0.50%	0.53%	0.55%	0.68%

Source: Ownwell

Property Tax Assessment Values Across Arenas Valley, Grant County, New Mexico

When examining property taxes in Arenas Valley, 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 Grant 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 Grant County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. 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 Arenas Valley. For example, the median home price in Arenas Valley is $41,345, with tax bills ranging significantly across the county. Zip code 88022 has the highest median home price at $41,345.

Property Tax Assessment Values Across Arenas Valley, Grant County, New Mexico

Source: Ownwell

$10,985

$65,642

$120,298

Median Arenas Valley Market Value

$41,345

Median Grant County Market Value

$54,932

Median New Mexico Market Value

$121,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Arenas Valley, Grant County, New Mexico

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
88022	$4,160	$7,638	$41,345	$135,413	$224,854

Source: Ownwell

Property Tax Bills Across Arenas Valley, Grant County, New Mexico

In Arenas Valley, located in Grant County, NM, property tax bills are calculated based on the assessed value of a home, which is a percentage of the home's market value. With a median home price of $41,345, the property tax bills can vary significantly. For example, the 25th percentile tax bill is $43, while the 75th percentile reaches $774, and the 90th percentile peaks at $1,231. This range illustrates how property taxes can impact homeowners differently. Compared to the national median property tax rate of 1.02% and a median tax bill of $2,400, Arenas Valley's property taxes are relatively low, with the highest median tax bill recorded at $263 in the zip code 88022. However, homeowners can still benefit from potential savings. Ownwell offers services to help homeowners appeal their property tax assessments and apply for exemptions, potentially reducing their tax bills. By leveraging local expertise, Ownwell ensures that homeowners pay only what is necessary, offering peace of mind and financial relief.

Property Tax Bills Across Arenas Valley, Grant County, New Mexico

Source: Ownwell

$79

$341

$603

Median Arenas Valley Tax Bill

$263

Median Grant County Tax Bill

$356

Median New Mexico Tax Bill

$1,192

Median United States Tax Bill

$2,400

Property Tax Bills Across Arenas Valley, Grant County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
88022	$22	$43	$263	$774	$1,231

Source: Ownwell