Dulce, Rio Arriba County, New Mexico Property Taxes
Median Dulce, NM effective property tax rate: 0.61%, significantly lower than the national median of 1.02%, but lower than the New Mexico state median of 0.86%.
Median Dulce, NM home value: $18,620
Median annual Dulce, NM tax bill: $126, $2,274 lower than the national median property tax bill of $2,400.
How are property taxes in Rio Arriba calculated?
Property taxes in Dulce, 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 Dulce’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Dulce, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Dulce, Rio Arriba County, New Mexico Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.61%
Estimate Property Tax Bill
$114
$105
Property Tax Rates Across Dulce, Rio Arriba County, New Mexico
Local government entities are responsible for setting property tax rates, which can vary significantly within a state. This is because each county, like Rio Arriba, estimates its required budget annually to provide essential services. They then divide this budget by the total assessed value of all taxable property within the county, resulting in the property tax rate. Although votes and laws play a role in determining tax rates and budgets, this is the general annual process.
In Dulce, located in Rio Arriba County, the effective property tax rate is 0.61%. This rate is notably lower than the national median property tax rate of 1.02%. Such a comparison highlights the variance in tax rates not only within New Mexico but also across the United States. Residents of Dulce benefit from paying a lower property tax rate compared to the national average, which can be a significant advantage for property owners. Understanding these differences can help property owners make informed decisions about their investments and financial planning.
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 Dulce Tax Rate
0.61%
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 Rio Arriba County Tax Rate
0.79%
Median Effective New Mexico Tax Rate
0.86%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Dulce, Rio Arriba County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87528 | 0.48% | 0.59% | 0.61% | 0.64% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Dulce, Rio Arriba County, New Mexico
When examining property taxes in Dulce, 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 Rio Arriba 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 Rio Arriba 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 Dulce.
For example, the median home price in Dulce is $18,620, with tax bills ranging significantly across the county. Zip code 87528 has the highest median home price at $19,678.
Property Tax Assessment Values Across Dulce, Rio Arriba County, New Mexico
Source: Ownwell
$13,197
$37,441
$61,685
Median Dulce Market Value
$18,620
Median Rio Arriba County Market Value
$17,854
Median New Mexico Market Value
$121,540
Median United States Market Value
$235,294
Property Tax Assessment Values Across Dulce, Rio Arriba County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87528 | $2,960 | $8,218 | $19,678 | $42,303 | $72,060 |
Source: Ownwell
Property Tax Bills Across Dulce, Rio Arriba County, New Mexico
Median Dulce Tax Bill
$126
Median Rio Arriba County Tax Bill
$215
Median New Mexico Tax Bill
$1,192
Median United States Tax Bill
$2,400
Property Tax Bills Across Dulce, Rio Arriba County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87528 | $25 | $53 | $126 | $268 | $480 |
Source: Ownwell