Tularosa, Otero County, New Mexico Property Taxes

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

Median Tularosa, NM effective property tax rate: 0.75%, significantly lower than the national median of 1.02%, but lower than the New Mexico state median of 0.86%.
Median Tularosa, NM home value: $89,090
Median annual Tularosa, NM tax bill: $670, $1,730 lower than the national median property tax bill of $2,400.

How are property taxes in Otero calculated?

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

Last Updated March 1, 2025

Tularosa, Otero County, New Mexico Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.75%

Estimate Property Tax Bill

$668

$620

Ownwell’s Tularosa Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Tularosa with just two data points. By entering your property's estimated assessed value, our calculator applies Tularosa’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 Tularosa, Otero County, New Mexico

Local government entities determine tax rates, which can differ significantly within a state. Each year, counties estimate the budget needed for services and divide this by the total value of all taxable property in their jurisdiction. This process results in the property tax rate. Although setting tax rates and budgets involves votes and laws, this is the core of the annual procedure.

Tularosa in Otero County, New Mexico, has an effective property tax rate that can be compared to other cities in the state and the national median. With a median property tax rate of 0.75%, Tularosa's rate is below the national median of 1.02%. This lower rate can be appealing to property owners looking for more affordable tax obligations. By understanding how these rates are calculated and how they compare to state and national medians, property owners in Tularosa can make informed decisions about their investments.

Property Tax Rates Across Tularosa, 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 Tularosa Tax Rate

0.75%

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 Tularosa, Otero County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
88352	0.60%	0.64%	0.75%	0.82%	0.82%

Source: Ownwell

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

When examining property taxes in Tularosa, 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. Assessment notices: 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 Tularosa. For example, the median home price in Tularosa is $89,090, with tax bills ranging significantly across the county. 88352 has the highest median home price at $89,090.

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

Source: Ownwell

$23,540

$96,479

$169,418

Median Tularosa Market Value

$89,090

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 Tularosa, Otero County, New Mexico

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
88352	$34,658	$56,032	$89,090	$152,294	$229,437

Source: Ownwell

Property Tax Bills Across Tularosa, Otero County, New Mexico

In Tularosa, located in Otero County, NM, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Tularosa is $89,090. Property taxes are determined by multiplying the assessed value by the local tax rate. Factors such as property location, improvements, and exemptions can influence the assessed value, impacting the final tax bill. The median property tax bill in Tularosa is $670, significantly lower than the national median of $2,400. However, for many homeowners, even a lower tax bill can be burdensome. Homeowners in Tularosa can benefit from property tax appeal and exemption services to potentially lower their tax bills. Ownwell can assist homeowners by providing expert guidance through the appeal process, identifying potential errors in assessment, and ensuring all eligible exemptions are applied. This service can lead to substantial savings, making property ownership more affordable in Tularosa.

Property Tax Bills Across Tularosa, Otero County, New Mexico

Source: Ownwell

$138

$602

$1,066

Median Tularosa Tax Bill

$670

Median Otero County Tax Bill

$861

Median New Mexico Tax Bill

$1,192

Median United States Tax Bill

$2,400

Property Tax Bills Across Tularosa, Otero County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
88352	$246	$416	$670	$1,092	$1,711

Source: Ownwell