Rate Breakdown

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

How Property Tax Works in Roosevelt County

In Roosevelt County, property taxes are determined by a combination of the property’s assessed value and the local millage rate. The assessment process begins with the County Assessor, who determines the "taxable value" of your property. In New Mexico, this is typically 33.33% of the property's fair market value. Once the taxable value is established, it is multiplied by the local tax rate (millage rate), which is set by the state, county, and local school districts to fund public services such as roads, schools, and emergency response.

It is important to note that New Mexico law limits the annual increase in the taxable value of a residential property to 3% per year, unless there is a change in ownership or new construction. This "valuation freeze" helps prevent sudden, drastic spikes in property tax bills for long-term homeowners.

Available Exemptions

New Mexico offers several programs to help reduce the tax burden for eligible property owners. To qualify, you must be a New Mexico resident and use the property as your primary residence. Common exemptions include:

• 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.
• Disabled Veteran Exemption: Veterans with a 100% service-connected disability rating are eligible for a full exemption of property taxes on their primary residence.
• Senior Citizen or Disabled Person Valuation Freeze: For homeowners aged 65 or older or those who are permanently disabled (with limited income), this program freezes the valuation of the property to prevent future tax increases.

Payment Schedule & Deadlines

Property taxes in Roosevelt County are billed annually and can be paid in two equal installments. The schedule is strictly enforced to ensure the continuous funding of essential services:

• First Half: Due November 10th and becomes delinquent if not paid by December 10th.
• Second Half: Due April 10th and becomes delinquent if not paid by May 10th.

If you choose to pay in full, the entire amount may be paid by the November deadline. Failure to pay by the delinquency dates will result in the accrual of interest and penalty fees. Persistent non-payment may eventually lead to a tax lien being placed on the property, which could result in a tax sale.

Appealing Your Assessment

If you believe the assessed value of your property is inaccurate or exceeds its fair market value, you have the right to file a formal protest. In Roosevelt County, this must be done within 30 days of the date on your Notice of Value. The process generally involves submitting a formal written protest to the County Assessor’s office, providing evidence such as recent appraisals, photographs, or comparable sales data. If the Assessor’s office cannot resolve the issue, your case may be heard by the County Valuation Protests Board.