Arroyo Hondo, Taos County, New Mexico Property Taxes

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

Median Arroyo Hondo, NM effective property tax rate: 0.58%, significantly lower than the national median of 1.02%, but lower than the New Mexico state median of 0.86%.
Median Arroyo Hondo, NM home value: $44,667
Median annual Arroyo Hondo, NM tax bill: $898, $1,502 lower than the national median property tax bill of $2,400.

How are property taxes in Taos calculated?

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

Last Updated March 1, 2025

Arroyo Hondo, Taos County, New Mexico Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.57%

Estimate Property Tax Bill

$340

$315

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

Property Tax Rates Across Arroyo Hondo, Taos County, New Mexico

Local government entities determine property tax rates, leading to significant variations within a state. Each year, counties calculate their necessary budget for public services and divide it by the total assessed value of all taxable properties in their jurisdiction, resulting in the property tax rate. Although the process involves votes and legal frameworks, this is the essence of how rates are set annually.

In Arroyo Hondo, located in Taos County, the effective property tax rate stands at 0.58%, which is notably lower than the national median of 1.02%. This places Arroyo Hondo among the cities with the lowest property tax rates in New Mexico. Compared to other areas in the state, Arroyo Hondo's rate is relatively low, providing a more affordable option for property owners.

Understanding these variations can help residents and potential buyers make informed decisions about property investments. Lower tax rates can lead to significant savings over time, making Arroyo Hondo an attractive choice for those seeking to minimize their property tax burden while enjoying the benefits of local services.

Property Tax Rates Across Arroyo Hondo, Taos County, New Mexico

Source: Ownwell

0.49%

0.66%

0.82%

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 Arroyo Hondo Tax Rate

0.57%

Median Effective Taos County Tax Rate

0.62%

Median Effective New Mexico Tax Rate

0.85%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Arroyo Hondo, Taos County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
87513	0.53%	0.55%	0.57%	0.60%	0.68%

Source: Ownwell

Property Tax Assessment Values Across Arroyo Hondo, Taos County, New Mexico

When examining property taxes in Arroyo Hondo, 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 Taos County Assessor 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 Taos 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 Arroyo Hondo. For example, the median home price in Arroyo Hondo is $44,667, with tax bills ranging significantly across the county. ZIP code 87513 has the highest median home price at $44,667.

Property Tax Assessment Values Across Arroyo Hondo, Taos County, New Mexico

Source: Ownwell

$9,966

$133,685

$257,404

Median Arroyo Hondo Market Value

$59,565

Median Taos County Market Value

$27,789

Median New Mexico Market Value

$129,686

Median United States Market Value

$235,294

Property Tax Assessment Values Across Arroyo Hondo, Taos County, New Mexico

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
87513	$5,389	$12,408	$59,565	$180,645	$409,726

Source: Ownwell

Property Tax Bills Across Arroyo Hondo, Taos County, New Mexico

In Arroyo Hondo, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This value is then multiplied by the local tax rate. The median home price in Arroyo Hondo is $44,667, which is significantly lower than the national median. Homeowners here face a median tax bill of $898, which is below the national median tax bill of $2,400. However, tax bills can vary widely, with the 25th percentile at $69 and the 90th percentile reaching $3,514. These variations arise from differences in property values and applicable exemptions. For homeowners, these tax bills can be a significant expense, impacting their overall financial well-being. Ownwell can assist homeowners in Arroyo Hondo by identifying potential savings through property tax appeals and exemptions. By reviewing assessments and ensuring they reflect true market conditions, Ownwell helps reduce tax burdens, potentially saving homeowners hundreds to thousands of dollars annually.

Property Tax Bills Across Arroyo Hondo, Taos County, New Mexico

Source: Ownwell

$107

$1,111

$2,115

Median Arroyo Hondo Tax Bill

$354

Median Taos County Tax Bill

$203

Median New Mexico Tax Bill

$1,249

Median United States Tax Bill

$2,400

Property Tax Bills Across Arroyo Hondo, Taos County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
87513	$41	$135	$354	$1,110	$2,444

Source: Ownwell