Encino, Torrance County, New Mexico Property Taxes

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

Median Encino, NM effective property tax rate: 0.68%, significantly lower than the national median of 1.02%, but lower than the New Mexico state median of 0.86%.
Median Encino, NM home value: $58,599
Median annual Encino, NM tax bill: $469, $1,931 lower than the national median property tax bill of $2,400.

How are property taxes in Torrance calculated?

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

Last Updated March 1, 2025

Encino, Torrance County, New Mexico Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.68%

Estimate Property Tax Bill

$398

$370

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

By entering your property's estimated assessed value, our calculator applies Encino’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 Torrance County.

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

Property Tax Rates Across Encino, Torrance County, New Mexico

Local government entities are responsible for setting property tax rates, and these can vary significantly even within a single state. Each year, counties estimate their budgetary needs to maintain and provide essential services. This budget is then divided by the total assessed value of all taxable properties within the county to determine the property tax rate. While setting these rates involves legislative processes and public votes, this is the fundamental mechanism behind annual property tax assessments.

In Encino, located in Torrance County, New Mexico, property owners experience a median property tax rate of 0.68%, which is notably below the national median of 1.02%. This lower rate can result in substantial savings for property owners compared to the national average property tax bill of $2400. When comparing Encino's effective property tax rate to other cities in New Mexico and the U.S., it becomes clear that residents benefit from this favorable tax environment. This advantageous tax rate can be a persuasive factor for potential homeowners considering a move to Encino, offering an appealing balance of affordability and quality municipal services.

Property Tax Rates Across Encino, Torrance County, New Mexico

Source: Ownwell

0.55%

0.71%

0.87%

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 Encino Tax Rate

0.68%

Median Effective Torrance County Tax Rate

0.80%

Median Effective New Mexico Tax Rate

0.86%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Encino, Torrance County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
88321	0.55%	0.68%	0.68%	0.71%	0.77%

Source: Ownwell

Property Tax Assessment Values Across Encino, Torrance County, New Mexico

When examining property taxes in Encino, New Mexico, 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 Torrance 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. Assessment notices: In Torrance 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 Encino. For example, the median home price in Encino is $58,599, with tax bills ranging significantly across the county. 88321 has the highest median home price at $58,599.

Property Tax Assessment Values Across Encino, Torrance County, New Mexico

Source: Ownwell

$7,642

$54,015

$100,387

Median Encino Market Value

$58,599

Median Torrance County Market Value

$24,245

Median New Mexico Market Value

$121,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Encino, Torrance County, New Mexico

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
88321	$17,908	$30,953	$58,599	$91,112	$148,757

Source: Ownwell

Property Tax Bills Across Encino, Torrance County, New Mexico

Property tax bills in Encino, Torrance County, NM are determined by applying the local tax rate to the assessed value of a property. The assessed value is typically a percentage of the property's market value. In this region, the median property tax bill is significantly lower than the national median, with the 25th percentile tax bill at $177 and the 90th percentile reaching $1,061. This variance indicates that while some homeowners enjoy relatively low tax bills, others may face higher costs depending on their property's assessed value and location. Homeowners in Encino can benefit from understanding how their property tax is calculated and exploring potential savings. This is where Ownwell can make a difference. By analyzing your property tax assessment and identifying possible discrepancies or exemptions, Ownwell helps ensure you're not overpaying. Their expertise in property tax appeals can result in significant savings, providing homeowners with peace of mind and more money in their pockets.

Property Tax Bills Across Encino, Torrance County, New Mexico

Source: Ownwell

$68

$384

$699

Median Encino Tax Bill

$469

Median Torrance County Tax Bill

$232

Median New Mexico Tax Bill

$1,192

Median United States Tax Bill

$2,400

Property Tax Bills Across Encino, Torrance County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
88321	$116	$177	$469	$876	$1,061

Source: Ownwell