Rate Breakdown

Property taxes in Eddy County are calculated by multiplying the assessed value (minus exemptions) by the total local millage rate.

How Property Tax Works in Eddy County

Property tax in Eddy County is determined by a combination of the property’s assessed value and the local millage rate. The Eddy County Assessor’s Office is responsible for identifying, locating, and valuing all taxable property within the county. By law, property is assessed at 33 1/3% of its fair market value. Once the net taxable value is established, it is multiplied by the tax rate (millage rate), which is set by the state and local taxing authorities to fund public services such as schools, roads, law enforcement, and emergency services.

Available Exemptions

New Mexico offers several statutory exemptions that can significantly reduce your tax burden if you meet specific eligibility requirements. These must be filed with the County Assessor’s office, typically by the annual deadline.

• Head of Family Exemption: A $2,000 reduction in the taxable value of your primary residence.
• Veterans’ Exemption: Qualified honorably discharged veterans or their surviving spouses may receive a reduction in taxable value. A Disabled Veterans’ Exemption also exists, which may provide a total waiver of property taxes for 100% service-connected disabled veterans.
• Senior or Disabled Valuation Freeze: If you are 65 or older or permanently disabled and meet specific income requirements, you may apply to freeze the valuation of your primary residence at the current year’s value, protecting you from future increases.

Payment Schedule & Deadlines

Property taxes in Eddy County are billed annually by the County Treasurer. Taxes are due in two equal installments, though you may pay the full amount at once if you prefer:

• First Half: Due November 10th. It becomes delinquent if not paid by December 10th.
• Second Half: Due April 10th of the following year. It becomes delinquent if not paid by May 10th.

Failure to pay by the delinquency dates will result in the accrual of interest and penalty charges. If taxes remain unpaid for an extended period, the property may be subject to a tax lien sale, which can eventually lead to the loss of the property.

Appealing Your Assessment

If you believe the valuation of your property is incorrect, unequal, or does not reflect fair market value, you have the right to file a formal protest. You must file a written petition with the Eddy County Assessor’s Office within 30 days of the date on your Notice of Value. During this process, you should provide evidence to support your claim, such as recent appraisals, photographs of structural damage, or comparable sales data for similar properties in your neighborhood. An appraiser from the Assessor’s office will review your documentation, and if a resolution is not reached, your case may be presented to the County Valuation Protests Board.