Aztec, San Juan County, New Mexico Property Taxes
Median AZTEC, NM effective property tax rate: 0.86%, significantly lower than the national median of 1.02%, but equal to the NM state median of 0.86%.
Median AZTEC, NM home value: $74,027
Median annual AZTEC, NM tax bill: $629, $1,771 lower than the national median property tax bill of $2,400.
How are property taxes in San Juan calculated?
Property taxes in AZTEC, 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 AZTEC’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in AZTEC, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Aztec, San Juan County, New Mexico Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.86%
Estimate Property Tax Bill
$637
$591
Property Tax Rates Across Aztec, San Juan County, New Mexico
Local government entities are responsible for setting tax rates, which can differ significantly within a state. Each year, counties estimate their necessary budgets to fund services and divide this by the total value of all taxable properties in their area, resulting in the property tax rate. While votes and laws play a role in determining tax rates and budgets, this is essentially the annual process.
Comparing Aztec’s effective property tax rate to other cities in New Mexico reveals interesting insights. Aztec, located in San Juan County, has a median property tax rate of 0.86%, which aligns with the highest and lowest median tax rates in the area. This rate is notably lower than the national median property tax rate of 1.02%. With a national median property tax bill of $2400, Aztec residents benefit from comparatively lower property tax burdens. Understanding these local differences is crucial for property owners looking to manage their tax liabilities effectively. By appealing or seeking exemptions, property owners in Aztec can potentially reduce their tax obligations even further.
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 Aztec Tax Rate
0.86%
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 San Juan County Tax Rate
0.83%
Median Effective New Mexico Tax Rate
0.86%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Aztec, San Juan County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87410 | 0.75% | 0.83% | 0.86% | 0.99% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Aztec, San Juan County, New Mexico
When examining property taxes in Aztec, 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 San Juan 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: In San Juan 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 Aztec.
For example, the median home price in Aztec is $74,027, with tax bills ranging significantly across the county. 87410 has the highest median home price at $74,027.
Property Tax Assessment Values Across Aztec, San Juan County, New Mexico
Source: Ownwell
$39,630
$109,117
$178,603
Median Aztec Market Value
$74,027
Median San Juan County Market Value
$93,508
Median New Mexico Market Value
$121,540
Median United States Market Value
$235,294
Property Tax Assessment Values Across Aztec, San Juan County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87410 | $6,006 | $25,402 | $74,027 | $164,672 | $241,044 |
Source: Ownwell
Property Tax Bills Across Aztec, San Juan County, New Mexico
Median Aztec Tax Bill
$629
Median San Juan County Tax Bill
$761
Median New Mexico Tax Bill
$1,192
Median United States Tax Bill
$2,400
Property Tax Bills Across Aztec, San Juan County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87410 | $40 | $194 | $629 | $1,512 | $2,251 |
Source: Ownwell