Pecos, San Miguel County, New Mexico Property Taxes

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

Median Pecos, NM effective property tax rate: 0.42%, significantly lower than the national median of 1.02%, but lower than the New Mexico state median of 0.86%.
Median Pecos, NM home value: $129,188
Median annual Pecos, NM tax bill: $644, $1,756 lower than the national median property tax bill of $2,400.

How are property taxes in San Miguel calculated?

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

Last Updated March 1, 2025

Pecos, San Miguel County, New Mexico Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.42%

Estimate Property Tax Bill

$543

$504

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

Property Tax Rates Across Pecos, San Miguel County, New Mexico

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Pecos’ effective property tax rate to other cities in New Mexico and the median property tax rates in New Mexico and the U.S. Pecos, located in San Miguel County, has an effective property tax rate of 0.42%. This is significantly lower than the national median property tax rate of 1.02%. The median property tax bill in Pecos is also lower than the national median of $2,400. This makes Pecos an attractive location for property owners looking for lower tax burdens. Whether you're a homeowner or an investor, understanding these rates can help you make informed decisions about property in Pecos.

Property Tax Rates Across Pecos, San Miguel County, New Mexico

Source: Ownwell

0.42%

0.69%

0.95%

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 Pecos Tax Rate

0.42%

Median Effective San Miguel County Tax Rate

0.78%

Median Effective New Mexico Tax Rate

0.86%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Pecos, San Miguel County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
87552	0.40%	0.42%	0.42%	0.44%	0.46%

Source: Ownwell

Property Tax Assessment Values Across Pecos, San Miguel County, New Mexico

When examining property taxes in Pecos, 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 Miguel 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. Assessment notices: In San Miguel 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 Pecos. For example, the median home price in Pecos is $129,188, with tax bills ranging significantly across the county. 87552 has the highest median home price at $129,258.

Property Tax Assessment Values Across Pecos, San Miguel County, New Mexico

Source: Ownwell

$37,328

$132,424

$227,519

Median Pecos Market Value

$129,188

Median San Miguel County Market Value

$75,272

Median New Mexico Market Value

$121,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Pecos, San Miguel County, New Mexico

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
87552	$16,661	$62,990	$129,258	$214,634	$308,188

Source: Ownwell

Property Tax Bills Across Pecos, San Miguel County, New Mexico

In Pecos, located in San Miguel County, NM, property tax bills are calculated based on the assessed value of a home, which differs from its market value. The county assesses properties to determine the taxable value, and then applies the local tax rate. Factors influencing the assessed value include property size, location, and improvements. With a median home price of $129,188, homeowners in Pecos face varying tax bills, ranging from $377 at the 25th percentile to $1,430 at the 90th percentile. The median property tax bill in Pecos is $644, which is significantly below the national median of $2,400. However, even lower tax bills can impact homeowners, especially if the assessed value is inaccurately high. This is where Ownwell steps in. By leveraging expert knowledge in property tax appeals and exemptions, Ownwell helps homeowners ensure their property is fairly assessed, potentially saving them hundreds on their tax bills. With Ownwell's assistance, homeowners can navigate the complexities of property taxes with confidence and ease.

Property Tax Bills Across Pecos, San Miguel County, New Mexico

Source: Ownwell

$288

$909

$1,530

Median Pecos Tax Bill

$644

Median San Miguel County Tax Bill

$856

Median New Mexico Tax Bill

$1,192

Median United States Tax Bill

$2,400

Property Tax Bills Across Pecos, San Miguel County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
87552	$218	$377	$644	$1,001	$1,430

Source: Ownwell