Mayhill, Otero County, New Mexico Property Taxes

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

Median Mayhill, 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 Mayhill, NM home value: $159,235. Median annual Mayhill, NM tax bill: $847, $1,553 lower than the national median property tax bill of $2,400. How are property taxes in Otero calculated? Property taxes in Mayhill, 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 Mayhill’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mayhill, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Mayhill, Otero 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

$844

$783

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

Property Tax Rates Across Mayhill, Otero 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 annually to provide services and dividing that by the total value of all taxable property within its jurisdiction. The result is the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

In Mayhill, located in Otero County, the effective property tax rate is notably lower than the national average. The median property tax rate in Mayhill is 0.53%, which is significantly below the U.S. national median of 1.02%. This makes Mayhill an attractive location for property owners looking to save on property taxes. In fact, Mayhill's property tax rate is consistent across Otero County, making it a standout in New Mexico. This lower tax burden can contribute to a more affordable cost of living, offering residents potential savings compared to other regions.

Property Tax Rates Across Mayhill, Otero County, New Mexico

Source: Ownwell

0.53%

0.71%

0.89%

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 Mayhill Tax Rate

0.53%

Median Effective Otero County Tax Rate

0.80%

Median Effective New Mexico Tax Rate

0.86%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mayhill, Otero County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
88339	0.51%	0.53%	0.53%	0.53%	0.57%

Source: Ownwell

Property Tax Assessment Values Across Mayhill, Otero County, New Mexico

When examining property taxes in Mayhill, 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 Otero 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 Otero 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 Mayhill. For example, the median home price in Mayhill is $159,235, with tax bills ranging significantly across the county. Zip code 88339 has the highest median home price at $159,235.

Property Tax Assessment Values Across Mayhill, Otero County, New Mexico

Source: Ownwell

$23,540

$96,479

$169,418

Median Mayhill Market Value

$159,235

Median Otero County Market Value

$117,358

Median New Mexico Market Value

$121,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mayhill, Otero County, New Mexico

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
88339	$45,621	$84,378	$159,235	$250,704	$360,344

Source: Ownwell

Property Tax Bills Across Mayhill, Otero County, New Mexico

In Mayhill, located in Otero County, NM, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The tax rate is applied to this assessed value to calculate the annual tax bill. With a median home price of $159,235, homeowners in Mayhill typically experience property tax bills that vary widely. For instance, the 25th percentile tax bill is $464, while the 75th percentile reaches $1,377, and the 90th percentile can be as high as $1,981. These figures are relatively low compared to the national median property tax bill of $2,400, reflecting the region's favorable tax environment. However, for homeowners looking to further reduce their tax burden, Ownwell offers valuable services. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure their property is assessed accurately, potentially lowering their tax bill. This assistance can be particularly beneficial in areas where property values are increasing, ensuring homeowners pay no more than their fair share.

Property Tax Bills Across Mayhill, Otero County, New Mexico

Source: Ownwell

$138

$602

$1,066

Median Mayhill Tax Bill

$847

Median Otero County Tax Bill

$861

Median New Mexico Tax Bill

$1,192

Median United States Tax Bill

$2,400

Property Tax Bills Across Mayhill, Otero County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
88339	$255	$464	$847	$1,377	$1,981

Source: Ownwell