Placitas, Sandoval County, New Mexico Property Taxes

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

Median Placitas, NM effective property tax rate: 0.74%, significantly lower than the national median of 1.02%, but lower than the New Mexico state median of 0.86%.
Median Placitas, NM home value: $380,574
Median annual Placitas, NM tax bill: $2,811, $411 higher than the national median property tax bill of $2,400.

How are property taxes in Sandoval calculated?

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

Last Updated March 1, 2025

Placitas, Sandoval County, New Mexico Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.74%

Estimate Property Tax Bill

$2,816

$2,613

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

Property Tax Rates Across Placitas, Sandoval County, New Mexico

Local government entities set tax rates, which can vary widely within New Mexico. 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 Placitas’s effective property tax rate to other cities in New Mexico and the median property tax rates in New Mexico and the U.S.

In Placitas, located in Sandoval County, the median property tax rate stands at 0.74%, notably lower than the national median of 1.02%. This makes Placitas an attractive location for homeowners looking to benefit from lower property taxes. The rate is consistent across the county, with the highest and lowest median tax rates both at 0.74%. Compared to other areas in New Mexico, Placitas offers a competitive tax environment, providing potential savings for property owners. This advantageous tax rate, combined with the natural beauty of the area, makes Placitas a compelling choice for those seeking to balance financial and lifestyle considerations.

Property Tax Rates Across Placitas, 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 Placitas Tax Rate

0.74%

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 Placitas, Sandoval County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
87043	0.71%	0.73%	0.74%	0.74%	0.74%

Source: Ownwell

Property Tax Assessment Values Across Placitas, Sandoval County, New Mexico

When examining property taxes in Placitas, 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.

In Sandoval County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Placitas.

For example, the median home price in Placitas is $380,574, with tax bills ranging significantly across the county. Zip code 87043 has the highest median home price at $380,574.

Property Tax Assessment Values Across Placitas, Sandoval County, New Mexico

Source: Ownwell

$35,206

$287,469

$539,732

Median Placitas Market Value

$380,574

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 Placitas, Sandoval County, New Mexico

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
87043	$119,747	$274,503	$380,574	$502,800	$617,692

Source: Ownwell

Property Tax Bills Across Placitas, Sandoval County, New Mexico

In Placitas, located in Sandoval County, NM, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in this area is $380,574, impacting the property tax bill significantly. Homeowners typically see tax bills ranging from the 25th percentile at $2,043 to the 90th percentile at $4,616, with a median tax bill of $2,811. This is slightly above the national median property tax bill of $2,400. Factors influencing the tax bill include property size, location, and improvements. For homeowners, these taxes can represent a substantial financial burden. Ownwell assists by offering property tax appeal services, potentially lowering tax liabilities. By analyzing property assessments and identifying discrepancies, Ownwell helps clients secure fair tax bills. This service can lead to significant savings, ensuring homeowners pay only their fair share. With expertise in tax regulations, Ownwell is a valuable ally in managing property tax expenses.

Property Tax Bills Across Placitas, Sandoval County, New Mexico

Source: Ownwell

$295

$2,106

$3,916

Median Placitas Tax Bill

$2,811

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 Placitas, Sandoval County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
87043	$893	$2,043	$2,811	$3,722	$4,616

Source: Ownwell