Clayton, Harding County, New Mexico Property Taxes
Median Clayton, NM effective property tax rate: 0.90%, slightly lower than the national median of 1.02%, but higher than the New Mexico state median of 0.86%.
Median Clayton, NM home value: $244,167
Median annual Clayton, NM tax bill: $2,191, $209 lower than the national median property tax bill of $2,400.
How are property taxes in Harding calculated?
Property taxes in Clayton, 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 Clayton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Clayton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Clayton, Harding County, New Mexico Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.9%
Estimate Property Tax Bill
$2,198
$2,039
Property Tax Rates Across Clayton, Harding County, New Mexico
Local government entities set property tax rates, leading to significant variations within a state. Each county, including Harding, estimates its budgetary needs annually to provide essential services. This budget is then divided by the total value of all taxable properties within its jurisdiction, resulting in the property tax rate. Although voting and legislation play roles in determining tax rates and budgets, this annual calculation is the crux of the process.
In Clayton, the effective property tax rate can be compared to other cities in New Mexico, as well as the median property tax rates in the state and across the U.S. New Mexico's median property tax rate is slightly lower than the national median, offering potential savings for property owners. This comparison highlights the importance of understanding local tax rates, as they can significantly impact property expenses. By staying informed about these rates, property owners can make better financial decisions and potentially reduce their tax burden through appeals or exemptions. Understanding the nuances of property tax calculations is crucial for homeowners looking to optimize their property-related expenses.
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 Clayton Tax Rate
0.90%
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 Harding County Tax Rate
0.72%
Median Effective New Mexico Tax Rate
0.86%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Clayton, Harding County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 88415 | 0.86% | 0.90% | 0.90% | 0.90% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Clayton, Harding County, New Mexico
When examining property taxes in Clayton, 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 Harding 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 Harding 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 Clayton. For example, the median home price in Clayton is $244,167, with tax bills ranging significantly across the county. 88415 has the highest median home price at $244,167.
Property Tax Assessment Values Across Clayton, Harding County, New Mexico
Source: Ownwell
$51,189
$147,678
$244,167
Median Clayton Market Value
$244,167
Median Harding County Market Value
$98,475
Median New Mexico Market Value
$121,540
Median United States Market Value
$235,294
Property Tax Assessment Values Across Clayton, Harding County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 88415 | $118,938 | $244,167 | $244,167 | $244,167 | $252,105 |
Source: Ownwell
Property Tax Bills Across Clayton, Harding County, New Mexico
In Clayton, located in Harding County, NM, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is multiplied by the local tax rate to determine the annual property tax bill. The median home price in Clayton is $244,167, leading to a median property tax bill of approximately $2,191. This figure is slightly below the national median property tax bill of $2,400, offering some relief to homeowners in the area. However, property values and tax rates can fluctuate, potentially impacting a homeowner's financial planning.
Ownwell helps homeowners in Clayton by providing expert property tax appeal services. By analyzing the assessed values and ensuring they are fair and accurate, Ownwell can potentially reduce the tax burden for homeowners. Our team of professionals works diligently to identify discrepancies and file appeals, aiming to lower property tax bills and provide significant savings. This service not only helps in immediate financial relief but also contributes to long-term property value management.
Median Clayton Tax Bill
$2,191
Median Harding County Tax Bill
$705
Median New Mexico Tax Bill
$1,192
Median United States Tax Bill
$2,400
Property Tax Bills Across Clayton, Harding County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 88415 | $1,953 | $2,191 | $2,191 | $2,191 | $2,310 |
Source: Ownwell