Sandoval County, NM Property Tax Search
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In-depth Sandoval County, NM Property Tax Information
Get in-depth information on all of the factors that affect your targeted property's taxes with a free account. Access a rundown of its value, tax rates and tax exemptions, like in the sample below.
See detailed property tax information from the sample report for 6303 gannett Dr NE, Sandoval County, NM
Property Tax Calculation
Property taxes in New Mexico are levied and collected locally by the counties. The Assessor values all tangible property for property tax purposes. Properties valued by the property tax code are: all real property, manufactured homes, business personal property and livestock.
Market Value
Market value, also referred to as assessed value, is the amount a property would sell for in a competitive and open market, presuming that both buyer and seller are knowledgeable about the sale, allow sufficient time for it, and are not affected by undue pressures (e.g. foreclosures and bankruptcy).
Assessed Value
The Assessor is responsible for establishing the assessed value of properties. They are calculated by multiplying a property's market value by a predetermined ratio. This predetermined ratio is currently set to 1/3 of a property's market value.
Exemptions and Taxable Values
Exemptions are available in Sandoval County which may lower the property's tax bill.These are deducted from the assessed value to give the property's taxable value.
Unfortunately, we do not have information regarding these values, so the taxable value will be equal to the assessed value.
Property Tax
Property tax is calculated by multiplying the assessed value by the millage rates applicable to it and is an estimate of what an owner not benefiting of any exemptions would pay.
Actual taxes might differ from the figures displayed here due to various abatement and financial assistance programs or to non ad-valorem taxes. For more information please visit the web pages of Sandoval County's Assessor, Treasurer or look up this property's current valuation and tax situation.
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Sandoval County Stats for Property Taxes
For an easier overview of the difference in tax rates between counties, explore the charts below. You can also get additional insights on median home values, income levels and homeownership rates in your area.
Effective tax rate (%)
0.79% of Assessed Home Value
0.74% of Assessed Home Value
1.02% of Assessed Home Value
Median real estate taxes paid
$2,042
$1,588
$2,869
Median home value
$258,100
$216,000
$281,900
Median income
$76,424
$58,722
$75,149
Owner occupied housing (%)
81%
68.7%
64.8%
Renter occupied housing (%)
19%
31.3%
35.2%
Frequently Asked Questions on Property Taxes
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To see the full range of factors that determine your targeted property's tax bill, explore the full property report. You'll find relevant tax information, as well as a range of data points on your target property, including sale and permit information.
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