HonestCasa logoHonestCasa
All Tax Guides
Updated 2025 Tax Year

Curry County
Property Tax Guide

Everything you need to know about property taxes in Curry County, NM. Rates, due dates, exemptions, and how it affects your monthly payment.

10 Official Sources
8 min read
Calculate Your True CostMortgage Calculator
Quick Facts
Tax Rate
Approximately 0.40% base rate (varies significantly by district with additional levies for schools, fire, municipal services)
Exemptions
4+ Available
Section 1

How Property Tax Works

Curry County, New Mexico operates under the state's property tax system to fund essential local services including schools, county operations, municipal services, and various special districts. The county's current property tax rate is approximately 0.40% of assessed value, though this represents a base rate that can vary significantly depending on your specific location within the county due to additional special taxing districts such as school bonds, fire districts, and municipal levies.

Property in New Mexico is assessed at 33.33% of its appraised market value, with taxes calculated on this assessed value minus any applicable tax credits or exemptions. Your actual tax rate will depend on which taxing jurisdictions serve your property location, meaning residents in different areas of Curry County may pay different effective rates even for properties of similar value. The county reassesses properties periodically to reflect current market conditions, and property owners have appeal rights if they disagree with their assessed value.

Section 2

What Makes Up Your Tax Bill

ComponentRateDescription
County General~0.15%Basic county operations and services
School District~0.20%Varies by school district within county
MunicipalVariesOnly applies within city/town limits
Special DistrictsVariesFire protection, water, improvement districts
Total Base Rate~0.40%FY 2025-2026 (may vary by location)

Note: These rates apply to the assessed value (33.33% of market value), not the full market value. Actual rates vary significantly by location within Curry County depending on which special taxing districts serve your property. School district rates and municipal rates can add substantially to your total tax bill. Contact the Curry County Assessor for your specific district combination and current levy year rates.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Curry County, property taxes are due in two installments:

Pro tip: If you pay through mortgage escrow, your lender splits these payments across your monthly mortgage. If you pay directly, set calendar reminders to avoid late penalties.
Section 4

Supplemental Tax Bills

Supplemental taxes in Curry County are additional property tax bills issued when there are changes to property ownership, value, or improvements that occur after the regular assessment date. Common triggers include new construction completion, major renovations that increase property value, ownership transfers that prompt reassessment, or correction of assessment errors.

The supplemental tax is calculated as the difference between the old and new assessed values, multiplied by the applicable tax rate, prorated for the portion of the tax year affected. For example, if you complete a $50,000 home addition in January that increases your assessed value by $16,650 (33.33% of $50,000), and your total tax rate is 0.40%, you would owe approximately $67 in supplemental taxes for that tax year ($16,650 × 0.0040 = $66.60). This supplemental bill would be separate from your regular property tax bill and typically due within 30 days of issuance.

Example Calculation

Example 1: $300,000 Home

  • Market Value: $300,000
  • Assessed Value (33.33%): $99,990
  • Less: Veterans Exemption (if qualified): -$4,000
  • Net Taxable Value: $95,990
  • Annual Tax (0.40% rate): $384
  • Monthly (if escrowed): $32

Example 2: $600,000 Home

  • Market Value: $600,000
  • Assessed Value (33.33%): $199,980
  • Less: Head of Family Credit (if qualified): -$2,000
  • Net Taxable Value: $197,980
  • Annual Tax (0.40% rate): $792
  • Monthly (if escrowed): $66

Example 3: $1,000,000 Home

  • Market Value: $1,000,000
  • Assessed Value (33.33%): $333,300
  • Less: Applied Credits: -$2,000
  • Net Taxable Value: $331,300
  • Annual Tax (0.40% rate): $1,325
  • Monthly (if escrowed): $110

Note: All credits shown require separate applications and qualification. Rates may be higher depending on your specific taxing districts.

See How Taxes Affect Your Payment

Property taxes are just part of your total monthly cost. Get the full picture.

Calculate Now
Section 5

Escrow & Property Taxes

Most mortgage lenders in Curry County require property tax escrow accounts, where you pay 1/12 of your estimated annual property taxes with each monthly mortgage payment. Your lender collects these funds in a separate escrow account and pays your property taxes directly to the county when they become due. Lenders typically conduct an annual escrow analysis to ensure adequate funds are collected, adjusting your monthly payment if needed based on actual tax bills and assessment changes.

The county provides tax information directly to mortgage servicers, but you should verify that your lender has current information, especially after reassessments or if you've applied for new tax credits. If your property taxes increase due to reassessment or loss of exemptions, your lender may require an immediate escrow shortage payment or spread the shortage over 12 months. You can request to pay property taxes yourself rather than through escrow once you have sufficient equity, typically 20% or more, though this varies by lender policy.

How HonestCasa Helps
  • Understand whether your escrow is set correctly
  • See how rising taxes will change your monthly payment
  • Plan ahead instead of being surprised by "shortage" letters
Section 6

Frequently Asked Questions

Q: When are Curry County property taxes due for FY 2025-2026? A: Property taxes are due in three installments: November 17, 2025, February 16, 2026, and May 15, 2026. Late payments incur penalties and interest charges.

Q: What tax credits are available and do they require applications? A: New Mexico offers several tax credits including Veterans Exemption, Head of Family Credit, and Disabled Veterans Credit. All credits require separate applications filed with the County Assessor and must be renewed periodically - they are not automatic.

Q: How does the Homestead Credit work? A: The Homestead Credit limits annual assessment increases rather than reducing market value. It requires application filing and qualification as your primary residence. This caps how much your assessed value can increase year-over-year, providing property tax stability.

Q: How often are properties reassessed in Curry County? A: New Mexico requires periodic revaluation of all property, though the specific schedule varies by county. Property owners receive notice of assessment changes and have appeal rights within specified time frames.

Q: What are the penalties for late property tax payments? A: Late payments incur interest charges and penalties that compound monthly. Properties with extended delinquencies may eventually face tax lien sales or foreclosure proceedings.

Q: Can I pay property taxes online? A: Most New Mexico counties offer online payment options. Check the Curry County Treasurer's website for available payment methods including online, by mail, or in-person options.

Q: Why did my tax bill change when my neighbors' didn't? A: Property taxes can change due to individual reassessments, changes in exemption status, completion of construction projects, or changes in the special districts that serve your specific property location.

Q: How do special districts affect my tax rate? A: Special districts for schools, fire protection, water, or improvements add to your base county tax rate. Your total rate depends on which districts serve your property location, which is why rates vary within Curry County.

Verified Sources

Backed by 10 Official Government Sources

Every fact in this guide is sourced from official county, state, and federal documents.

01
County
County Net Taxable Valuesnmdfa.state.nm.us
02
County
County Data Classificationnmlegis.gov
03
County
Curry County Tax Collectorcurrycountyor.gov
04
County
News & Proclamations | Curry County, NMcurrycountynm.gov
05
County
Curry County Tax Collectorcurrycountyor.gov
06
Tax Doc
Property Tax Deadline Approaching | News & Proclamationscurrycountynm.gov
07
County
Assessor's Office | Curry County, NMcurrycountynm.gov
08
Money Mattersnmlegis.gov
09
Tax Doc
Property Taxes in New Mexiconmlegis.gov
10
Tax Doc
Certificates of Property Tax Ratesnmdfa.state.nm.us
All sources verified as of 2025 Tax Year

See the Full Picture of Your Home Costs

Property taxes are just one piece of homeownership. HonestCasa helps you understand your total monthly cost and explore safe ways to access your home equity.

Total Monthly Cost

Mortgage + taxes + insurance + HOA

Equity Growth

Track how your equity grows over time

Safe Equity Access

Options for projects or debt payoff

Run Your ScenarioTry Calculator

Free • No credit check • 2-minute estimate