Tucumcari, Guadalupe County, New Mexico Property Taxes

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

Median TUCUMCARI, NM effective property tax rate: 0.78%, significantly lower than the national median of 1.02%, but lower than the New Mexico state median of 0.86%.
Median TUCUMCARI, NM home value: $21,879
Median annual TUCUMCARI, NM tax bill: $171, $2,229 lower than the national median property tax bill of $2,400.

How are property taxes in Guadalupe County calculated?

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

Last Updated March 1, 2025

Tucumcari, Guadalupe County, New Mexico Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.78%

Estimate Property Tax Bill

$171

$158

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

Property Tax Rates Across Tucumcari, Guadalupe County, New Mexico

Local government entities set property tax rates, and these can differ significantly across regions. Each year, the county estimates its necessary budget for services and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and legislation play roles in determining tax rates and budgets, this is essentially the process followed annually.

In Tucumcari, located within Guadalupe County, the effective property tax rate is 0.78%. This rate is notably lower than the national median property tax rate of 1.02%. When compared to other cities in New Mexico and the national average, Tucumcari offers a more affordable property tax environment. The national median property tax bill is $2,400, which serves as a benchmark for evaluating property tax expenses across different regions. New Mexico's property tax rates, including those in Tucumcari, present potential savings for property owners when compared to many other parts of the country. This makes Tucumcari an attractive option for those looking to optimize their property tax expenses while enjoying the benefits of the local community.

Property Tax Rates Across Tucumcari, Guadalupe County, New Mexico

Source: Ownwell

0.78%

0.86%

0.94%

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 Tucumcari Tax Rate

0.78%

Median Effective Guadalupe County Tax Rate

0.78%

Median Effective New Mexico Tax Rate

0.86%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Tucumcari, Guadalupe County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
88401	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Tucumcari, Guadalupe County, New Mexico

When examining property taxes in Tucumcari, 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 Guadalupe 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 Guadalupe County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Tucumcari. For example, the median home price in Tucumcari is $21,879, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Tucumcari, Guadalupe County, New Mexico

Source: Ownwell

$10,938

$29,358

$47,778

Median Tucumcari Market Value

$21,879

Median Guadalupe County Market Value

$22,948

Median New Mexico Market Value

$121,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Tucumcari, Guadalupe County, New Mexico

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
88401	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Tucumcari, Guadalupe County, New Mexico

In Tucumcari, located in Guadalupe County, NM, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is a percentage of the property's market value. The tax rate is then applied to this assessed value to determine the annual tax bill. The median property tax bill in Tucumcari is significantly lower than the national median, reflecting the lower median home price of $21,879. This can be advantageous for homeowners, as it results in a more affordable tax burden. However, even with lower rates, it is essential for homeowners to ensure they are not overpaying. This is where Ownwell can assist. By providing expert property tax appeal services, Ownwell helps homeowners ensure their property is accurately assessed, potentially lowering their tax bills. With a deep understanding of local tax regulations, Ownwell can identify discrepancies and advocate on behalf of homeowners, helping them achieve significant savings on their property taxes.

Property Tax Bills Across Tucumcari, Guadalupe County, New Mexico

Source: Ownwell

$86

$207

$328

Median Tucumcari Tax Bill

$171

Median Guadalupe County Tax Bill

$178

Median New Mexico Tax Bill

$1,192

Median United States Tax Bill

$2,400

Property Tax Bills Across Tucumcari, Guadalupe County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
88401	N/A	N/A	N/A	N/A	N/A

Source: Ownwell