Sandia Park, Sandoval County, New Mexico Property Taxes

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

Median Sandia Park, NM effective property tax rate: 0.72%, significantly lower than the national median of 1.02%, but lower than the New Mexico state median of 0.86%. Median Sandia Park, NM home value: $539,732. Median annual Sandia Park, NM tax bill: $3,853, $1,453 higher than the national median property tax bill of $2,400. How are property taxes in Sandoval County calculated? Property taxes in Sandia Park, 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 Sandia Park’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Sandia Park, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Sandia Park, Sandoval County, New Mexico Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.72%

Estimate Property Tax Bill

$3,886

$3,606

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

By entering your property's estimated assessed value, our calculator applies Sandia Park’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 Sandia Park, Sandoval County, New Mexico

Local government entities are responsible for setting tax rates, which can differ significantly within a state. This variation is due to the annual process where each county calculates its necessary budget to fund services and divides it by the total value of all taxable property in its area. The result of this calculation is the property tax rate. While votes and legislation play a role in determining tax rates and budgets, this is essentially how it works each year. In Sandia Park, located in Sandoval County, the effective property tax rate is 0.72%, which is below the national median of 1.02%. This rate is consistent across the region, making it one of the most uniform in New Mexico. By comparison, the national median property tax bill is $2400, which means residents in Sandia Park potentially benefit from lower tax bills. This consistency and lower rate can be appealing to property owners looking for predictability and affordability in their tax obligations.

Property Tax Rates Across Sandia Park, 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 Sandia Park Tax Rate

0.72%

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 Sandia Park, Sandoval County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
87047	0.69%	0.71%	0.72%	0.72%	0.72%

Source: Ownwell

Property Tax Assessment Values Across Sandia Park, Sandoval County, New Mexico

When examining property taxes in Sandia Park, 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 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 Sandoval County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Sandia Park. For example, the median home price in Sandia Park is $539,732, with tax bills ranging significantly across the county. Zip code 87047 has the highest median home price at $539,732.

Property Tax Assessment Values Across Sandia Park, Sandoval County, New Mexico

Source: Ownwell

$35,206

$287,469

$539,732

Median Sandia Park Market Value

$539,732

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 Sandia Park, Sandoval County, New Mexico

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
87047	$65,994	$231,823	$539,732	$646,766	$760,244

Source: Ownwell

Property Tax Bills Across Sandia Park, Sandoval County, New Mexico

Property tax bills in Sandia Park, NM, are calculated based on the assessed value of a property, which is determined by the Sandoval County assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $539,732, homeowners in Sandia Park face a median tax bill of $3,853, notably higher than the national median property tax bill of $2,400. The 25th percentile tax bill is $1,688, while the 75th percentile reaches $4,651, and the 90th percentile climbs to $5,485, reflecting the variance in property values and tax rates within the area. These tax bills can place a significant financial burden on homeowners, especially when compared to the national median property tax rate of 1.02%. Ownwell offers property tax appeal services to help homeowners in Sandia Park potentially lower their tax bills. By analyzing the assessed value and comparing it with similar properties, Ownwell can identify discrepancies and assist in filing a successful tax appeal, providing substantial savings for homeowners.

Property Tax Bills Across Sandia Park, Sandoval County, New Mexico

Source: Ownwell

$295

$2,106

$3,916

Median Sandia Park Tax Bill

$3,853

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 Sandia Park, Sandoval County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
87047	$500	$1,688	$3,853	$4,651	$5,485

Source: Ownwell