Cedar Crest, Sandoval County, New Mexico Property Taxes

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

Median CEDAR CREST, NM effective property tax rate: 0.76%, significantly lower than the national median of 1.02%, but lower than the NM state median of 0.86%.
Median CEDAR CREST, NM home value: $26,416
Median annual CEDAR CREST, NM tax bill: $201, $2,199 lower than the national median property tax bill of $2,400.

How are property taxes in Sandoval calculated?

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

Last Updated March 1, 2025

Cedar Crest, Sandoval County, New Mexico Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.76%

Estimate Property Tax Bill

$201

$186

Ownwell’s Cedar Crest Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cedar Crest with just two data points. By entering your property's estimated assessed value, our calculator applies Cedar Crest’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 35043. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Cedar Crest, Sandoval County, New Mexico

Local government entities set tax rates, which can vary widely within a state. This is because each county estimates its required budget annually to provide essential 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.

In Cedar Crest, located in Sandoval County, New Mexico, the effective property tax rate is a reflection of this process. When compared to other cities in New Mexico, Cedar Crest's rate can offer valuable insight into the local tax landscape. The median property tax rate in New Mexico is notably lower than the national median of 1.02%, which can be an attractive factor for property owners. Understanding these rates and how they compare to the national average can help homeowners make informed decisions about property investments and tax appeals. By staying informed, property owners can better navigate the complexities of property taxation and potentially reduce their tax burden.

Property Tax Rates Across Cedar Crest, Sandoval County, New Mexico

Source: Ownwell

0.59%

0.90%

1.22%

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 Cedar Crest Tax Rate

0.76%

Median Effective Sandoval County Tax Rate

1.19%

Median Effective New Mexico Tax Rate

0.86%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cedar Crest, Sandoval County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
87008	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Cedar Crest, Sandoval County, New Mexico

When examining property taxes in Cedar Crest, 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 Sandoval 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 Sandoval 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 Cedar Crest.

For example, the median home price in Cedar Crest is $26,416, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Cedar Crest, Sandoval County, New Mexico

Source: Ownwell

$35,206

$287,469

$539,732

Median Cedar Crest Market Value

$26,416

Median Sandoval County Market Value

$190,579

Median New Mexico Market Value

$121,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cedar Crest, Sandoval County, New Mexico

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
87008	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Cedar Crest, Sandoval County, New Mexico

In Cedar Crest, NM, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. In Sandoval County, the median property tax bill is significantly lower than the national median, with homeowners typically paying around $201 annually. This is due to the relatively low median home price of $26,416 in the area. However, even with low tax bills, it's important for homeowners to ensure they are not overpaying. Factors such as property improvements, market fluctuations, and assessment errors can affect the assessed value, potentially leading to higher tax bills. Ownwell can assist homeowners by providing expert property tax appeal services, ensuring that their properties are assessed accurately. By identifying discrepancies and negotiating with local assessors, Ownwell helps homeowners potentially save money on their property tax bills, allowing them to allocate their resources more effectively.

Property Tax Bills Across Cedar Crest, Sandoval County, New Mexico

Source: Ownwell

$295

$2,106

$3,916

Median Cedar Crest Tax Bill

$201

Median Sandoval County Tax Bill

$2,213

Median New Mexico Tax Bill

$1,192

Median United States Tax Bill

$2,400

Property Tax Bills Across Cedar Crest, Sandoval County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
87008	N/A	N/A	N/A	N/A	N/A

Source: Ownwell