Tres Piedras, Taos County, New Mexico Property Taxes

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

Median Tres Piedras, NM effective property tax rate: 0.61%, significantly lower than the national median of 1.02%, but lower than the New Mexico state median of 0.86%.
Median Tres Piedras, NM home value: $51,402
Median annual Tres Piedras, NM tax bill: $352, $2,048 lower than the national median property tax bill of $2,400.

How are property taxes in Taos County calculated?

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

Last Updated March 1, 2025

Tres Piedras, Taos County, New Mexico Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.61%

Estimate Property Tax Bill

$314

$291

Ownwell’s Tres Piedras Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Tres Piedras with just two data points. By entering your property's estimated assessed value, our calculator applies Tres Piedras’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 Tres Piedras, Taos County, New Mexico

Local government entities set tax rates, which can vary widely within a state. Each county annually 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.

In Tres Piedras, located in Taos County, the effective property tax rate is a significant factor for property owners. Compared to the national median property tax rate of 1.02%, Tres Piedras offers a more favorable tax environment. The median property tax rate in New Mexico is 0.61%, which is also below the national average. This can be an attractive consideration for those looking to invest in property or reside in Tres Piedras, as lower tax rates can mean substantial savings over time. Such savings can contribute to a more affordable cost of living, making Tres Piedras an appealing choice for potential homeowners and investors.

Property Tax Rates Across Tres Piedras, Taos County, New Mexico

Source: Ownwell

0.52%

0.67%

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 Tres Piedras Tax Rate

0.61%

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 Tres Piedras, Taos County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
87577	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Tres Piedras, Taos County, New Mexico

When examining property taxes in Tres Piedras, 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'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 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 Tres Piedras. For example, the median home price in Tres Piedras is $51,402, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Tres Piedras, Taos County, New Mexico

Source: Ownwell

$5,940

$120,929

$235,917

Median Tres Piedras Market Value

$51,402

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 Tres Piedras, Taos County, New Mexico

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
87577	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Tres Piedras, Taos County, New Mexico

In Tres Piedras, property tax bills are determined by a combination of the assessed value of a home and the local tax rate. The assessed value is a percentage of the home's market value, which is then multiplied by the tax rate to calculate the tax bill. Homeowners in Taos County, where Tres Piedras is located, face a range of property tax bills. The 25th percentile tax bill is $168, while the 75th percentile reaches $1,836, and the 90th percentile climbs to $2,833. This variance highlights the impact of property values and tax rates on individual tax bills. Compared to the national median property tax bill of $2,400, many homeowners in Tres Piedras may experience lower tax bills, though some may still exceed the national median. Ownwell assists homeowners by providing property tax appeal and exemption services, potentially reducing their tax burden. By analyzing property assessments and identifying discrepancies, Ownwell helps ensure homeowners pay only what is fair, maximizing savings and minimizing stress.

Property Tax Bills Across Tres Piedras, Taos County, New Mexico

Source: Ownwell

$79

$1,169

$2,258

Median Tres Piedras Tax Bill

$352

Median Taos County Tax Bill

$178

Median New Mexico Tax Bill

$1,192

Median United States Tax Bill

$2,400

Property Tax Bills Across Tres Piedras, Taos County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
87577	N/A	N/A	N/A	N/A	N/A

Source: Ownwell