El Rito, Rio Arriba County, New Mexico Property Taxes

Name: Property Tax Bills Across El Rito, Rio Arriba County, New Mexico
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median El Rito, NM effective property tax rate: 0.80%, significantly lower than the national median of 1.02%, but lower than the New Mexico state median of 0.86%.
Median El Rito, NM home value: $22,700
Median annual El Rito, NM tax bill: $181, $2,219 lower than the national median property tax bill of $2,400.

How are property taxes in Rio Arriba calculated?

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

Last Updated March 1, 2025

El Rito, Rio Arriba County, New Mexico Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.8%

Estimate Property Tax Bill

$182

$169

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

Property Tax Rates Across El Rito, Rio Arriba County, New Mexico

Local government entities set tax rates, and these can differ significantly across regions. Each county estimates its required budget for services and divides it by the total value of taxable property within its jurisdiction, resulting in the property tax rate. Although setting tax rates and budgets involves votes and laws, this is essentially the annual process. In El Rito, located in Rio Arriba County, NM, the effective property tax rate stands at 0.80%. This rate is consistent across the county, reflecting the uniformity in property tax assessments within this area. Compared to the national median property tax rate of 1.02%, El Rito's rate is lower, offering potential savings for property owners. The county's rate also mirrors the highest and lowest median tax rates in the state, indicating a stable tax environment. Understanding these rates can help residents and potential property buyers make informed decisions, especially when comparing them to the national median property tax bill of $2400.

Property Tax Rates Across El Rito, Rio Arriba County, New Mexico

Source: Ownwell

0.58%

0.70%

0.83%

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 El Rito Tax Rate

0.80%

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 El Rito, Rio Arriba County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
87530	0.46%	0.63%	0.80%	0.80%	0.80%

Source: Ownwell

Property Tax Assessment Values Across El Rito, Rio Arriba County, New Mexico

When examining property taxes in El Rito, 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 El Rito. For example, the median home price in El Rito is $22,700, with tax bills ranging significantly across the county. Zip code 87530 has the highest median home price at $22,700.

Property Tax Assessment Values Across El Rito, Rio Arriba County, New Mexico

Source: Ownwell

$13,197

$37,441

$61,685

Median El Rito Market Value

$22,700

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 El Rito, Rio Arriba County, New Mexico

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
87530	$4,231	$12,143	$22,700	$55,986	$97,949

Source: Ownwell

Property Tax Bills Across El Rito, Rio Arriba County, New Mexico

In El Rito, located in Rio Arriba County, NM, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. For homeowners, understanding these bills is crucial as they directly impact annual expenses. The median home price in El Rito is $22,700, which contributes to the property tax calculation. The tax bill for the 25th percentile is $107, while the 75th percentile is $450, and the 90th percentile is $729. Compared to the national median property tax bill of $2,400, El Rito's figures are significantly lower, providing some relief to homeowners. However, any increase in assessed value or tax rates can still affect household budgets. This is where Ownwell steps in, offering expert property tax appeal services to ensure homeowners pay only their fair share. By leveraging local expertise and data-driven insights, Ownwell can help homeowners potentially reduce their property tax bills, easing financial burdens and providing peace of mind.

Property Tax Bills Across El Rito, Rio Arriba County, New Mexico

Source: Ownwell

$103

$348

$593

Median El Rito Tax Bill

$181

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 El Rito, Rio Arriba County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
87530	$59	$107	$181	$450	$729

Source: Ownwell