Hobbs Tax Information
Hobbs is located in Lea County, New Mexico. Property taxes are determined by the county tax rate and your home's assessed value.
Property Taxes in Hobbs
Property taxes in Hobbs, New Mexico are assessed and collected by Lea County. The effective tax rate of 0.005% is applied to your property's assessed value to determine your annual property tax bill.
About Hobbs
Hobbs is a city in Lea County, New Mexico with a population of approximately 40,508 residents. As part of Lea County, all properties in Hobbs are subject to the county's property tax rates and assessment procedures.
Tax Exemptions and Relief Programs
Lea County offers various exemptions and relief programs that may reduce your property tax burden. Common exemptions include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Contact the Lea County Tax Assessor's office to learn about programs you may qualify for.