Property Tax Analysis for Eddy County, NM
Property tax rates, assessment ratios, and appeal potential in Eddy County.
Effective Tax Rate
0.5%
Annual Tax Bill
$904
Monthly Escrow
$75
Tax Burden
1.2% of income
Tax Assessment Details
Current Assessment
Market Value$188,400
Est. Assessed Value$160,140
Assessment Ratio~85%
Effective Rate0.5%
Appeal Potential
Potential Annual Savings$136
5-Year Savings$680
vs National Averagebelow (1.1%)
Appeal Success Rate~40-60%
About Property Taxes in Eddy County
Eddy County in New Mexico has an effective property tax rate of 0.5%, which is below the national average of 1.1%. On a median home value of $188,400, that translates to $904 annually or $75 per month in escrow.
Property tax assessments can often be successfully appealed. Our calculator models assessment ratios, comparable sales analysis, and appeal timing to estimate your potential savings with Monte Carlo simulation.
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