Taxes
- Assessed Value: $40,885
- Assessed Year: 2025
- Assessed County: Lea
- APN: 4 000 074 340 001
- Assessed Land Value: 1931
- Market Land Value: 5793
- Tax Amount: 1103.43
- Tax Year: 2025
- Market Value: 122655
- Market Year: 2025
316 W Palace Ave; Hobbs, NM Property Details
Off market
316 W Palace Ave Hobbs, NM 88240
$40,885 Estimated Value
Property Type
Single FamilyProperty Details
Summary
- Purchase Method: Cash
- Owners / Type: 1 / Individual
- Owner Status: Individual
- Est. Equity / %: $118,000 / 100%
- APN: 4 000 074 340 001
- Situs County: Lea
- Length Of Ownership: 5 years, 5 months
Measurements
- Lot: 8,095/SqFt
Legal Description
- Description: SOUTHERN HTS ADD BLOCK 22 LOT 23 PHOTO 030921 42417 PADILLA, JESICA 8119 LUJAN, ELICA DM-18-669 72420 LUJAN, DANIEL 21821 VEG
Building Insights
Land Information
- Property Type: Single Family
- Within Flood Zone: True
- Flood Zone: X / Low/Medium Risk
- School District: Hobbs Municipal Schools
- Lat / Lon: 32.68521 / -103.14047
- Subdivision: Southern Hts Add
- Property Class: Residential
Amenities
- Plus Four: 7632
Ownership Info
316 W Palace Ave has no associated ownership info
316 W Palace Ave has no associated ownership info.
Taxes
316 W Palace Ave has 10 associated Taxes items
316 W Palace Ave, Hobbs, NM pays taxes in Lea County, NM. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $40,885. The APN we've located for 316 W Palace Ave is 4 000 074 340 001.
Unlock the full reportTax History
316 W Palace Ave has 12 associated Tax History items
| Year | Assessed Value | Land Value | Improvement Value | Tax Amount | Change Rate | Assessed CR | Tax Rate |
|---|---|---|---|---|---|---|---|
| Year 2025 | Assessed Value $40,885 | Land Value $1,931 | Improvement Value $38,954 | Tax Amount $1,103.43 | Change Rate +0.017146% | Assessed CR | Tax Rate +0.026989% |
| Year 2024 | Assessed Value $39,694 | Land Value $1,875 | Improvement Value $37,819 | Tax Amount $1,084.83 | Change Rate +0.01612% | Assessed CR | Tax Rate +0.02733% |
| Year 2023 | Assessed Value $38,537 | Land Value $1,820 | Improvement Value $36,717 | Tax Amount $1,067.62 | Change Rate +0.04327% | Assessed CR | Tax Rate +0.027704% |
| Year 2022 | Assessed Value $38,537 | Land Value $1,820 | Improvement Value $36,717 | Tax Amount $1,023.34 | Change Rate +0.002567% | Assessed CR | Tax Rate +0.026555% |
| Year 2021 | Assessed Value $37,415 | Land Value $1,767 | Improvement Value $35,648 | Tax Amount $1,020.72 | Change Rate +1.314243% | Assessed CR | Tax Rate +0.027281% |
| Year 2020 | Assessed Value $16,415 | Land Value $1,767 | Improvement Value $14,648 | Tax Amount $441.06 | Change Rate +0.017439% | Assessed CR | Tax Rate +0.026869% |
| Year 2019 | Assessed Value $16,415 | Land Value $1,767 | Improvement Value $14,648 | Tax Amount $433.5 | Change Rate -0.1502% | Assessed CR | Tax Rate +0.026409% |
| Year 2018 | Assessed Value $16,415 | Land Value $1,767 | Improvement Value $14,648 | Tax Amount $510.12 | Change Rate | Assessed CR | Tax Rate +0.031076% |
| Year 2017 | Assessed Value $49,245 | Land Value $5,301 | Improvement Value $43,944 | Tax Amount $510.12 | Change Rate | Assessed CR | Tax Rate +0.010359% |
| Year 2016 | Assessed Value $49,245 | Land Value $5,301 | Improvement Value $43,944 | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2015 | Assessed Value $49,245 | Land Value $5,301 | Improvement Value $43,944 | Tax Amount $432.37 | Change Rate | Assessed CR | Tax Rate +0.00878% |
| Year 2014 | Assessed Value $49,245 | Land Value $5,301 | Improvement Value $43,944 | Tax Amount | Change Rate | Assessed CR | Tax Rate |