Questa, Taos County, New Mexico Property Taxes
Median Questa, NM effective property tax rate: 0.63%, significantly lower than the national median of 1.02%, but lower than the New Mexico state median of 0.86%.
Median Questa, NM home value: $5,940
Median annual Questa, NM tax bill: $79, $2,321 lower than the national median property tax bill of $2,400.
How are property taxes in Taos calculated?
Property taxes in Questa, 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 Questa’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Questa, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Questa, Taos County, New Mexico Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.63%
Estimate Property Tax Bill
$37
$35
Property Tax Rates Across Questa, Taos County, New Mexico
Local government entities set tax rates, which can vary widely within a state. This is 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 Questa’s effective property tax rate to other cities in New Mexico and the median property tax rates in New Mexico and the U.S.
Questa in Taos County, New Mexico, has a median property tax rate of 0.63%, which is notably lower than the national median property tax rate of 1.02%. This lower rate can offer significant savings for property owners compared to the national average. Understanding these differences is crucial for property owners looking to optimize their tax liabilities. By appealing your property taxes and seeking exemptions where applicable, you can ensure you're not overpaying. This knowledge empowers you to make informed decisions and potentially reduce your financial burden.
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 Questa Tax Rate
0.63%
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 Taos County Tax Rate
0.59%
Median Effective New Mexico Tax Rate
0.86%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Questa, Taos County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87556 | 0.48% | 0.52% | 0.63% | 0.67% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Questa, Taos County, New Mexico
When examining property taxes in Questa, 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 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 Taos 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 Questa. For example, the median home price in Questa is $5,940, with tax bills ranging significantly across the county. Zip code 87556 has the highest median home price at $5,940.
Property Tax Assessment Values Across Questa, Taos County, New Mexico
Source: Ownwell
$5,940
$120,929
$235,917
Median Questa Market Value
$5,940
Median Taos County Market Value
$25,092
Median New Mexico Market Value
$121,540
Median United States Market Value
$235,294
Property Tax Assessment Values Across Questa, Taos County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87556 | $3,734 | $4,556 | $5,940 | $50,396 | $130,556 |
Source: Ownwell
Property Tax Bills Across Questa, Taos County, New Mexico
Median Questa Tax Bill
$79
Median Taos County Tax Bill
$178
Median New Mexico Tax Bill
$1,192
Median United States Tax Bill
$2,400
Property Tax Bills Across Questa, Taos County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87556 | $19 | $26 | $79 | $380 | $928 |
Source: Ownwell