Bloomfield, San Juan County, New Mexico Property Taxes

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

Median Bloomfield, NM effective property tax rate: 0.90%, significantly lower than the national median of 1.02%, but higher than the New Mexico state median of 0.86%. Median Bloomfield, NM home value: $51,499. Median annual Bloomfield, NM tax bill: $463, $1,937 lower than the national median property tax bill of $2,400. How are property taxes in San Juan County calculated? Property taxes in Bloomfield, 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 Bloomfield’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bloomfield, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Bloomfield, San Juan County, New Mexico Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.9%

Estimate Property Tax Bill

$463

$430

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

By entering your property's estimated assessed value, our calculator applies Bloomfield’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 San Juan County.

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

Property Tax Rates Across Bloomfield, San Juan County, New Mexico

Local government entities determine property tax rates, leading to significant variations within a state. Each county annually calculates its necessary budget for services and divides it by the total value of all taxable properties in its area, establishing the property tax rate. While votes and laws influence these rates and budgets, this is essentially the annual process.

In Bloomfield, located in San Juan County, the effective property tax rate stands out compared to other cities in New Mexico. The median property tax rate in this area is 0.90%, which is below the national median of 1.02%. This advantageous rate can be an attractive factor for property owners and potential buyers looking to invest in the region.

Understanding these rates is crucial for homeowners, as it directly impacts their annual expenses. Bloomfield's lower tax rate could mean significant savings compared to areas with higher rates, making it a financially appealing choice. By staying informed about property tax trends, property owners can better manage their investments and potentially save money in the long run.

Property Tax Rates Across Bloomfield, San Juan County, New Mexico

Source: Ownwell

0.74%

0.82%

0.90%

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 Bloomfield Tax Rate

0.90%

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 Bloomfield, San Juan County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
87413	0.78%	0.83%	0.90%	1.03%	1.09%

Source: Ownwell

Property Tax Assessment Values Across Bloomfield, San Juan County, New Mexico

When examining property taxes in Bloomfield, 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 Bloomfield. For example, the median home price in Bloomfield is $51,499, with tax bills ranging significantly across the county. 87413 has the highest median home price at $51,499.

Property Tax Assessment Values Across Bloomfield, San Juan County, New Mexico

Source: Ownwell

$39,630

$109,117

$178,603

Median Bloomfield Market Value

$51,499

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 Bloomfield, San Juan County, New Mexico

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
87413	$4,108	$17,187	$51,499	$145,664	$211,551

Source: Ownwell

Property Tax Bills Across Bloomfield, San Juan County, New Mexico

In Bloomfield, San Juan County, NM, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value. Homeowners in Bloomfield face a median property tax bill of $463, which is significantly lower than the national median of $2,400. Factors influencing the tax bill include the property's assessed value and any applicable exemptions or deductions. While the 25th percentile tax bill is $139, the 75th percentile reaches $1,417, and the 90th percentile can be as high as $2,009, reflecting variations in property values and assessments.

These taxes can have a substantial impact on homeowners, affecting their annual financial planning. Ownwell can assist homeowners in Bloomfield by evaluating their property assessments to ensure accuracy and fairness. By identifying potential errors or opportunities for exemptions, Ownwell helps reduce the tax burden, potentially saving homeowners a significant amount on their property tax bills.

Property Tax Bills Across Bloomfield, San Juan County, New Mexico

Source: Ownwell

$277

$874

$1,470

Median Bloomfield Tax Bill

$463

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 Bloomfield, San Juan County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
87413	$28	$139	$463	$1,417	$2,009

Source: Ownwell