Truth Or Consequences, Sierra County, New Mexico Property Taxes

Name: Property Tax Bills Across Truth Or Consequences, Sierra County, New Mexico
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Truth or Consequences, NM effective property tax rate: 0.79%, significantly lower than the national median of 1.02%, but lower than the New Mexico state median of 0.86%. Median Truth or Consequences, NM home value: $49,846. Median annual Truth or Consequences, NM tax bill: $375, $2,025 lower than the national median property tax bill of $2,400. How are property taxes in Sierra County calculated? Property taxes in Truth or Consequences, 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 Truth or Consequences’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Truth or Consequences, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Truth Or Consequences, Sierra County, New Mexico Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.05%

Estimate Property Tax Bill

$512

$476

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

By entering your property's estimated assessed value, our calculator applies Truth or Consequences’ 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 Sierra County.

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

Property Tax Rates Across Truth Or Consequences, Sierra County, New Mexico

Local government entities set tax rates, which can vary widely within a state. Why? Because 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 Truth or Consequences’ effective property tax rate to other cities in New Mexico and the median property tax rates in New Mexico and the U.S.

Property Tax Rates Across Truth Or Consequences, Sierra County, New Mexico

Source: Ownwell

0.79%

0.92%

1.05%

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 Truth Or Consequences Tax Rate

1.05%

Median Effective Sierra County Tax Rate

0.93%

Median Effective New Mexico Tax Rate

0.85%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Truth Or Consequences, Sierra County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
87901	0.79%	0.88%	1.05%	1.13%	1.21%

Source: Ownwell

Property Tax Assessment Values Across Truth Or Consequences, Sierra County, New Mexico

When examining property taxes in Truth or Consequences, 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 Sierra 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.

In Sierra 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 Truth or Consequences.

For example, the median home price in Truth or Consequences is $49,846, with tax bills ranging significantly across the county. ZIP code 87901 has the highest median home price at $49,846.

Property Tax Assessment Values Across Truth Or Consequences, Sierra County, New Mexico

Source: Ownwell

$13,725

$55,654

$97,582

Median Truth Or Consequences Market Value

$48,804

Median Sierra County Market Value

$39,830

Median New Mexico Market Value

$129,686

Median United States Market Value

$235,294

Property Tax Assessment Values Across Truth Or Consequences, Sierra County, New Mexico

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
87901	$6,124	$17,640	$48,804	$91,230	$143,359

Source: Ownwell

Property Tax Bills Across Truth Or Consequences, Sierra County, New Mexico

In Truth or Consequences, NM, property tax bills are calculated based on the assessed value of a home, which is determined by the Sierra County assessor's office. The assessed value is a percentage of the market value and is multiplied by the local tax rate to determine the annual tax bill. In this area, the median home price is $49,846, with tax bills ranging from $123 at the 25th percentile to $1,172 at the 90th percentile. The median tax bill in the 87901 zip code is $375, which is significantly lower than the national median property tax bill of $2,400. Homeowners in Truth or Consequences benefit from relatively low property taxes, but there is still potential for savings. Ownwell can assist homeowners by identifying discrepancies in assessments or ensuring eligibility for exemptions, potentially reducing tax liabilities. By leveraging expert knowledge and data-driven insights, Ownwell can help homeowners navigate the appeal process, ultimately leading to significant savings on their property tax bills.

Property Tax Bills Across Truth Or Consequences, Sierra County, New Mexico

Source: Ownwell

$122

$517

$912

Median Truth Or Consequences Tax Bill

$533

Median Sierra County Tax Bill

$426

Median New Mexico Tax Bill

$1,249

Median United States Tax Bill

$2,400

Property Tax Bills Across Truth Or Consequences, Sierra County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
87901	$51	$177	$533	$998	$1,593

Source: Ownwell