Mills, Harding County, New Mexico Property Taxes

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

Median Mills, NM effective property tax rate: 0.66%, significantly lower than the national median of 1.02%, but lower than the New Mexico state median of 0.86%.
Median Mills, NM home value: $216,117
Median annual Mills, NM tax bill: $1,392, $1,008 lower than the national median property tax bill of $2,400.

How are property taxes in Harding calculated?

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

Last Updated March 1, 2025

Mills, Harding County, New Mexico Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.64%

Estimate Property Tax Bill

$572

$531

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

By entering your property's estimated assessed value, our calculator applies MILLS’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 Harding County.

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

Property Tax Rates Across Mills, Harding County, New Mexico

Local government entities set property tax rates, which can significantly differ within a state. This variation occurs because each county annually estimates its budget to deliver essential services and then divides this amount by the total value of all taxable property within its area. This calculation determines the property tax rate. Although the process involves votes and laws to establish tax rates and budgets, this is the basic annual procedure.

In Mills, located in Harding County, NM, the effective property tax rate is 0.66%. This rate mirrors the highest and lowest median tax rates found in the state, also at 0.66%, specifically in the 87730 zip code. When compared to the national median property tax rate of 1.02%, Mills’ rate is notably lower. This lower rate can result in significant savings for property owners in Mills compared to other regions in the U.S. where tax rates are higher. Understanding these local rates and how they compare to national figures can empower property owners to make informed decisions and potentially seek property tax appeal and exemption services to maximize their savings.

Property Tax Rates Across Mills, Harding County, New Mexico

Source: Ownwell

0.61%

1.53%

2.45%

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 Mills Tax Rate

0.64%

Median Effective Harding County Tax Rate

0.82%

Median Effective New Mexico Tax Rate

0.85%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mills, Harding County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
87730	0.61%	0.64%	0.64%	0.90%	0.90%

Source: Ownwell

Property Tax Assessment Values Across Mills, Harding County, New Mexico

When examining property taxes in Mills, 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 Assessor's Office 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 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 Mills. For example, the median home price in Mills is $216,117, with tax bills ranging significantly across the county. ZIP code 87730 has the highest median home price at $216,117.

Property Tax Assessment Values Across Mills, Harding County, New Mexico

Source: Ownwell

$62,406

$565,575

$1,068,744

Median Mills Market Value

$89,439

Median Harding County Market Value

$245,721

Median New Mexico Market Value

$129,686

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mills, Harding County, New Mexico

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
87730	$89,439	$89,439	$89,439	$353,697	$353,697

Source: Ownwell

Property Tax Bills Across Mills, Harding County, New Mexico

In Mills, located in Harding County, NM, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Mills is $216,117. Property taxes are then applied to this assessed value using the local tax rate. Homeowners in Mills typically face a property tax bill ranging from $577 at the 25th percentile to $3,064 at the 90th percentile. The median tax bill, however, stands at $1,392, which is significantly lower than the national median tax bill of $2,400. This relatively lower tax bill can be a relief for homeowners, but it is still essential to ensure that the assessed value is accurate to avoid overpaying. Ownwell offers services to help homeowners appeal their property tax assessments and secure potential exemptions. By leveraging expert knowledge and resources, Ownwell can assist homeowners in Mills in identifying opportunities to reduce their property tax bills, ensuring they only pay their fair share.

Property Tax Bills Across Mills, Harding County, New Mexico

Source: Ownwell

$382

$13,303

$26,224

Median Mills Tax Bill

$574

Median Harding County Tax Bill

$1,936

Median New Mexico Tax Bill

$1,249

Median United States Tax Bill

$2,400

Property Tax Bills Across Mills, Harding County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
87730	$574	$574	$574	$3,178	$3,178

Source: Ownwell