Property tax rates decrease 4 percent

Residential property tax rates in Portales have dropped 4 percent from last year. Property taxes across the county dropped for everyone except for Floyd non-residential properties.

The Roosevelt County commissioners approved this year’s property tax rates on Tuesday at a special commissioners meeting.

The total assessed valuation for Roosevelt County was approximately $340 million. This is a $16 million increase from last year. In the past three years, the assessed valuation has risen by $51 million, according to County Assessor Kenner Carrasco.

The tax rates are stated in mills, which equal to dollars per thousand dollars assessed.

According to Carrasco, assessed value equals one-third of the property’s actual value, meaning a property that is worth at $150,000 would have an assessed value of $50,000.

The taxes go towards four entities — the state, the county, the city, and the school districts. Below is a chart comparing last year’s tax rates to this year’s rates.

2012 2013

Portales inside, residential 26.280 25.147

Portales inside, non-residential 25.427 24.630

Portales outside, residential 23.100 22.005

Portales outside, non-residential 23.011 22.182

Elida inside, residential 20.202 16.199

Elida inside, non-residential 20.520 16.604

Elida outside, residential 18.458 14.441

Elida outside, non-residential 18.419 14.630

Floyd inside, residential 16.901 16.186

Floyd inside, non-residential 16.621 16.899

Floyd outside, residential 14.668 14.373

Floyd outside, non-residential 14.623 14.674

Dora inside, residential 19.517 17.952

Dora inside, non-residential 20.106 18.870

Dora outside, residential 17.933 16.417

Dora outside, non-residential 17.881 16.645

Causey, residential 19.901 18.095

Causey, non-residential 20.106 18.870

Fairfield, residential 19.959 19.795

Fairfield, non-residential 19.903 20.006

(9/53*) Next to Melrose, residential 18.938 18.459

(9/53*) Next to Melrose, non-residential 18.908 18.735

(9A*) Next to Quay County, residential 20.141 18.465

(9A*) Next to Quay County, non-residential 20.051 18.496

* The New Mexico Taxation and Revenue Department uses these codes to designate rural areas.