Pep, Roosevelt County, New Mexico Property Taxes

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

Median Portales, NM effective property tax rate: 0.67%, significantly lower than the national median of 1.02%, but lower than the New Mexico state median of 0.86%.
Median Portales, NM home value: $46,550
Median annual Portales, NM tax bill: $314, $2,086 lower than the national median property tax bill of $2,400.

How are property taxes in Roosevelt County calculated?

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

Last Updated March 1, 2025

Pep, Roosevelt County, New Mexico Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.67%

Estimate Property Tax Bill

$312

$289

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

By entering your property's estimated assessed value, our calculator applies Portales’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Roosevelt 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 Roosevelt County.

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

Property Tax Rates Across Pep, Roosevelt County, New Mexico

Local government entities determine tax rates, which can significantly differ within a state. Annually, each county estimates the budget needed to provide essential services and divides that by the total value of all taxable property in its jurisdiction. This calculation results in the property tax rate. While setting tax rates and budgets involves votes and laws, this is the annual process in a nutshell.

In Portales in Roosevelt County, New Mexico, the effective property tax rate stands at 0.67%, which is lower than the national median of 1.02%. This rate can be compared to other cities in New Mexico and the national average. Such a comparison highlights the affordability of property taxes in Portales, making it an attractive location for homeowners seeking lower tax burdens. Understanding these differences can help property owners make informed decisions about where to live or invest. By choosing Portales, residents can benefit from a favorable tax environment, which can lead to significant savings over time.

Property Tax Rates Across Pep, Roosevelt County, New Mexico

Source: Ownwell

0.48%

0.61%

0.73%

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 Pep Tax Rate

0.67%

Median Effective Roosevelt County Tax Rate

0.72%

Median Effective New Mexico Tax Rate

0.86%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Pep, Roosevelt County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
88126	0.66%	0.66%	0.67%	0.68%	0.69%

Source: Ownwell

Property Tax Assessment Values Across Pep, Roosevelt County, New Mexico

When examining property taxes in Portales, New Mexico, 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 Roosevelt County appraisal district 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 Roosevelt 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 Portales.

For example, the median home price in Portales is $46,550, with tax bills ranging significantly across the county. Zip code 88126 has the highest median home price at $46,550.

Property Tax Assessment Values Across Pep, Roosevelt County, New Mexico

Source: Ownwell

$21,386

$59,853

$98,319

Median Pep Market Value

$46,550

Median Roosevelt County Market Value

$25,631

Median New Mexico Market Value

$121,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Pep, Roosevelt County, New Mexico

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
88126	$1,446	$11,315	$46,550	$95,172	$130,300

Source: Ownwell

Property Tax Bills Across Pep, Roosevelt County, New Mexico

In Portales within Roosevelt County, NM, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax bill. For homeowners in Portales, the median property tax bill is notably lower than the national median, with the highest and lowest median tax bills both at $314. Factors such as property location, improvements, and local government budgets influence the assessed value and, consequently, the tax bill. Homeowners may find their tax bills vary, with the 25th percentile at $76 and the 90th percentile reaching $895. Ownwell assists homeowners by offering property tax appeal services, potentially reducing their tax obligations. By analyzing property assessments and market trends, Ownwell identifies opportunities for savings, helping to ensure that homeowners are not overpaying. This service is particularly beneficial in areas like Portales, where property values and tax rates can fluctuate significantly.

Property Tax Bills Across Pep, Roosevelt County, New Mexico

Source: Ownwell

$158

$419

$680

Median Pep Tax Bill

$314

Median Roosevelt County Tax Bill

$181

Median New Mexico Tax Bill

$1,192

Median United States Tax Bill

$2,400

Property Tax Bills Across Pep, Roosevelt County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
88126	$10	$76	$314	$627	$895

Source: Ownwell