How much are property taxes in Las Maravillas, NM?
Homeowners in Las Maravillas, NM pay a median of $1,224 (±$87) a year in real estate taxes (2020–2024 American Community Survey, table B25103).
Homes with a mortgage pay a median of $1,228.
Homes without a mortgage pay a median of $1,214.
That is about 0.5% of the median home value of $230,000.
In Las Maravillas, the median real estate tax went from $1,164 in 2015–2019 to $1,224 in 2020–2024 (+5.2%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Figures last updated on .
- Median real estate taxes
- $1,224 (±$87)
- With a mortgage
- $1,228
- Without a mortgage
- $1,214
- Share of median value
- 0.5%
Real estate taxes in Las Maravillas against Valencia County, its state and the nation
| Las Maravillas | Valencia County | New Mexico | United States | |
|---|---|---|---|---|
| Median real estate taxes | $1,224 (±$87) | $1,374 (±$55) | $1,731 (±$19) | $3,119 |
| Homes with a mortgage | $1,228 (±$117) | $1,496 (±$99) | $2,030 (±$35) | $3,489 |
| Homes without a mortgage | $1,214 (±$52) | $1,188 (±$100) | $1,332 (±$23) | $2,576 |
| Median home value | $230,000 (±$65,561) | $223,000 (±$8,792) | $248,100 (±$1,957) | $332,700 |
In Las Maravillas, the median real estate tax is lower than in Valencia County ($1,374).
It is also lower than in New Mexico ($1,731).
It is lower than the national figure ($3,119).
In Valencia County, Las Maravillas ranks 8 of 13 places with a published estimate, from highest to lowest median real estate taxes.
Statewide, it ranks 67 of 171.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Taxes as a share of home value in Las Maravillas
The median tax ($1,224) is 0.5% of the median home value ($230,000).
Across Valencia County the same ratio is 0.6%.
Across New Mexico it is 0.7%.
This is a ratio of two medians, a rough effective rate: not the tax rate or mill rate the town, county or school district sets, and not any one home’s bill.
Owners report what they paid and what they think their home is worth; the assessor’s office publishes the actual rates and assessments.
How property taxes in Las Maravillas have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median real estate taxes | $1,164 (±$87) | $1,224 (±$87) | +5.2% | Down after inflation |
| Median home value | $139,500 (±$3,906) | $230,000 (±$65,561) | +64.9% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,040 (±$100) | $1,245 (±$118) | +19.7% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median real estate taxes in places near Las Maravillas
| Place | Distance | Median real estate taxes | Compared with this place |
|---|---|---|---|
| Las Maravillas | — | $1,224 (±$87) | — |
| El Cerro Mission | 2.6 mi | $819 (±$214) | Lower |
| Tome | 3.4 mi | $1,726 (±$250) | Higher |
| El Cerro | 3.6 mi | $1,856 (±$365) | Higher |
| Valencia | 5.0 mi | $1,274 (±$146) | Not measurably different |
| Los Chaves | 5.5 mi | $1,637 (±$356) | Higher |
| Peralta | 6.6 mi | $1,328 (±$371) | Not measurably different |
| Rio Communities | 6.8 mi | $1,160 (±$125) | Not measurably different |
| Meadow Lake | 7.1 mi | $570 (±$107) | Lower |
Nearby places with a measurably lower figure: El Cerro Mission, NM ($819), Meadow Lake, NM ($570).
Nearby places with a measurably higher figure: Tome, NM ($1,726), El Cerro, NM ($1,856), Los Chaves, NM ($1,637).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median real estate taxes across Valencia County, place by place
| Rank | Place | Median real estate taxes |
|---|---|---|
| 2 | Bosque Farms | $1,894 (±$496) |
| 3 | El Cerro | $1,856 (±$365) |
| 4 | Tome | $1,726 (±$250) |
| 5 | Los Chaves | $1,637 (±$356) |
| 6 | Peralta | $1,328 (±$371) |
| 7 | Valencia | $1,274 (±$146) |
| 8 | Las Maravillas | $1,224 (±$87) |
| 9 | Belen | $1,216 (±$168) |
| 10 | Rio Communities | $1,160 (±$125) |
| 11 | El Cerro Mission | $819 (±$214) |
| 12 | Jarales | $780 (±$539) |
| 13 | Meadow Lake | $570 (±$107) |
Showing 12 of 13 places in Valencia County, ranked from highest to lowest.
Las Maravillas is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Las Maravillas
How much are property taxes in Las Maravillas?
The median real estate tax paid by homeowners in Las Maravillas, NM is $1,224 (±$87) a year (2020–2024 American Community Survey).
What is the property tax rate in Las Maravillas?
The Census Bureau does not publish tax rates; as a rough guide, the median tax paid is 0.5% of the median home value in Las Maravillas, and the actual rate is set by the town, county and school district.
Have property taxes in Las Maravillas gone up?
In Las Maravillas, the median real estate tax went from $1,164 in 2015–2019 to $1,224 in 2020–2024 (+5.2%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Are property taxes in Las Maravillas higher than in Valencia County?
In Las Maravillas, the median real estate tax is lower than in Valencia County ($1,374).
It is also lower than in New Mexico ($1,731).
It is lower than the national figure ($3,119).
Sources
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Las Maravillas CDP, New Mexico
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Las Maravillas CDP, New Mexico
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Las Maravillas CDP, New Mexico
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Las Maravillas CDP, New Mexico
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Las Maravillas CDP, New Mexico
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Las Maravillas CDP, New Mexico (place:39430, in state:35).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25103_001E, B25103_001M, B25077_001E, B25077_001M, B25088_002E, B25088_002M from the 2019 release.
The API needs a free key.
B25103_001E, B25103_001M, B25103_002E, B25103_002M, B25103_003E, B25103_003M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Las Maravillas at a glance
- Home values in Las Maravillas
- Homeowner costs in Las Maravillas
- Types of homes in Las Maravillas
- Heating fuel in Las Maravillas
- Commute and cars in Las Maravillas
- Population growth in Las Maravillas
- New Mexico landlord and tenant rules
- Housing across Valencia County
- New Mexico places ranked by property taxes
- Housing data for every place in New Mexico