What is the property tax rate in Hobbs, NM?

Hobbs has an estimated effective property tax rate of 0.47%. On a median home valued at $180,700, homeowners pay approximately $843 per year in property taxes.

How does Hobbs compare to Lea County?

Hobbs's effective rate of 0.47% is 2% lower than the Lea County average of 0.48%. The county-wide median annual tax is $879, while Hobbs homeowners pay an estimated $843.

How much are property taxes in Hobbs on a $300,000 home?

Based on Hobbs's effective rate of 0.47%, property taxes on a $300,000 home would be approximately $1,410 per year, or about $118 per month.

Hobbs Property Tax Rate

Lea County, New Mexico

0.47%effective rate

Hobbs is located in Lea County, New Mexico. Homeowners in Hobbs pay a median of $843 per year in property taxes on a home valued at $180,700, resulting in an effective tax rate of 0.47%. This is 2% lower than the Lea County average of 0.48%.

Effective Tax Rate🏠

0.47%

vs 0.48% county avg

Est. Annual Tax💰

$843

Per year

Median Home Value📊

$180,700

2024 estimate

Population📍

39,887

Hobbs, NM

How Hobbs Compares

Hobbs

0.47%

Lea County Average

0.48%

New Mexico Average

0.70%

National Average

0.92%

About Property Taxes in Hobbs

Property taxes in Hobbs are collected by Lea County. Tax exemptions available to Lea County residents — including homestead, senior, and disability exemptions — also apply to homeowners in Hobbs. For detailed information on available exemptions and the county tax collector, see the Lea County property tax page.

Property Tax Calculator

Estimate your annual property tax in Hobbs

Home Value

$50k$2M

Apply homestead exemption ($100,000 school tax reduction)

Estimated Annual Property Tax

$1,410

$118/month · Rate: 0.47%

Lea County Property Taxes

County-level data, exemptions, historical trends, and tax collector info.

View county details →

New Mexico Property Taxes

Statewide rates, all 33 counties, and exemptions.

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Think your property tax is too high?

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Frequently Asked Questions

Data Source: U.S. Census Bureau, 2024 American Community Survey 5-Year Estimates. City-level tax data is derived from Census place-level statistics. Effective tax rates are calculated by dividing median real estate taxes paid by median home value. Actual property tax rates may vary based on local taxing jurisdictions, exemptions, and assessment practices. This information is for general reference only and should not be used as a substitute for professional tax advice.