Union County, New Mexico Property Taxes

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

Median Union County effective property tax rate: 0.75%, significantly lower than the national median of 1.02%.
Median Union County home value: $61,812
Median annual Union County tax bill: $666, $1,734 lower than the national median property tax bill of $2,400.

How are property taxes in Union County calculated?

Property taxes in Union County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Clayton or another part of Union County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Union County, New Mexico Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.75%

Estimate Property Tax Bill

$464

$430

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

Property Tax Rates Across Union County, New Mexico

Local government entities determine property tax rates, which can differ significantly across a state. This variation occurs because each county annually calculates its necessary budget to fund services and divides this amount by the total assessed value of all taxable properties within its area. This process results in the property tax rate. While the setting of tax rates and budgets involves votes and legislation, this is essentially the annual procedure.

You can compare Union County's effective property tax rate to other counties in New Mexico or the U.S. median property tax rate. Union County, for example, has a median property tax rate of 0.75%, which is lower than the national median of 1.02%. Within New Mexico, Folsom has the highest median tax rate at 0.90%, while Sedan boasts the lowest at 0.67%. Understanding these rates can provide valuable insights for property owners looking to manage their tax liabilities effectively.

Property Tax Rates Across Union County, New Mexico

Source: Ownwell

0.67%

0.79%

0.90%

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 Union County Tax Rate

0.75%

Median Effective New Mexico Tax Rate

0.86%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Union County, New Mexico

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Folsom	0.79%	0.80%	0.90%	0.92%	0.94%
Sedan	0.59%	0.65%	0.67%	0.68%	0.71%
Amistad	N/A	N/A	N/A	N/A	N/A
Capulin	N/A	N/A	N/A	N/A	N/A
Clayton	N/A	N/A	N/A	N/A	N/A
Des Moines	N/A	N/A	N/A	N/A	N/A
Gladstone	N/A	N/A	N/A	N/A	N/A
Grenville	N/A	N/A	N/A	N/A	N/A
Nara Visa	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Union County, New Mexico

When examining property taxes in Union County, 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 Union 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 Union 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 Union County.

For example, the median tax bill in Union County is $866, with tax bills ranging significantly across the county. Sedan has the highest median home price at $135,765.

Property Tax Assessment Values Across Union County, New Mexico

Source: Ownwell

$116,667

$126,216

$135,765

Median Union County Market Value

$61,812

Median New Mexico Market Value

$121,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Union County, New Mexico

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Folsom	$30,190	$48,570	$116,667	$219,501	$399,296
Sedan	$18,963	$68,634	$135,765	$233,592	$347,904
Amistad	N/A	N/A	N/A	N/A	N/A
Capulin	N/A	N/A	N/A	N/A	N/A
Clayton	N/A	N/A	N/A	N/A	N/A
Des Moines	N/A	N/A	N/A	N/A	N/A
Gladstone	N/A	N/A	N/A	N/A	N/A
Grenville	N/A	N/A	N/A	N/A	N/A
Nara Visa	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Union County, New Mexico

In Union County, NM, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The median home price in Union County is $61,812, resulting in a property tax bill that typically falls between $383 at the 25th percentile and $1,569 at the 90th percentile. This range illustrates the variation in property tax bills depending on home value and location within the county. Folsom, for instance, has the highest median tax bill at $866, while Sedan has the lowest at $607. These figures highlight the impact of property taxes on homeowners, as they can significantly influence overall housing costs. Compared to the national median property tax bill of $2,400, Union County's taxes are relatively low, which can be a financial advantage for residents. Understanding these factors is crucial for homeowners as property taxes are a significant component of homeownership costs, affecting affordability and long-term financial planning.

Property Tax Bills Across Union County, New Mexico

Source: Ownwell

$607

$737

$866

Median Union County Tax Bill

$666

Median New Mexico Tax Bill

$1,192

Median United States Tax Bill

$2,400

Property Tax Bills Across Union County, New Mexico

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Folsom	$308	$374	$866	$1,381	$1,649
Sedan	$115	$348	$607	$1,017	$1,584
Amistad	N/A	N/A	N/A	N/A	N/A
Capulin	N/A	N/A	N/A	N/A	N/A
Clayton	N/A	N/A	N/A	N/A	N/A
Des Moines	N/A	N/A	N/A	N/A	N/A
Gladstone	N/A	N/A	N/A	N/A	N/A
Grenville	N/A	N/A	N/A	N/A	N/A
Nara Visa	N/A	N/A	N/A	N/A	N/A

Source: Ownwell