Taxes
- Assessed Value: $23,405
- Assessed Year: 2025
- Assessed County: Lea
- APN: 4 000 038 300 001
- Assessed Land Value: 867
- Market Land Value: 2601
- Tax Amount: 307.8
- Tax Year: 2025
- Market Value: 70215
- Market Year: 2025
318 W Palace Ave; Hobbs, NM Property Details
Off market
318 W Palace Ave Hobbs, NM 88240
$23,405 Estimated Value
Property Type
Single FamilyProperty Details
Summary
- Owners / Type: 2 / Related
- Owner Status: Related
- Est. Equity / %: $126,000 / 100%
- APN: 4 000 038 300 001
- Situs County: Lea
Measurements
- Lot: 7,942/SqFt
Legal Description
- Description: SOUTHERN HTS ADD BLOCK 22 LOT 22
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 / -103.14074
- Subdivision: Southern Hts Add
- Property Class: Residential
Amenities
- Plus Four: 7632
Ownership Info
318 W Palace Ave has no associated ownership info
318 W Palace Ave has no associated ownership info.
Taxes
318 W Palace Ave has 10 associated Taxes items
318 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 $23,405. The APN we've located for 318 W Palace Ave is 4 000 038 300 001.
Unlock the full reportTax History
318 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 $23,405 | Land Value $867 | Improvement Value $22,538 | Tax Amount $307.8 | Change Rate -0.326551% | Assessed CR | Tax Rate +0.013151% |
| Year 2024 | Assessed Value $22,724 | Land Value $842 | Improvement Value $21,882 | Tax Amount $457.05 | Change Rate +0.027125% | Assessed CR | Tax Rate +0.020113% |
| Year 2023 | Assessed Value $22,062 | Land Value $817 | Improvement Value $21,245 | Tax Amount $444.98 | Change Rate +0.055155% | Assessed CR | Tax Rate +0.02017% |
| Year 2022 | Assessed Value $22,062 | Land Value $817 | Improvement Value $21,245 | Tax Amount $421.72 | Change Rate +0.044844% | Assessed CR | Tax Rate +0.019115% |
| Year 2021 | Assessed Value $20,795 | Land Value $770 | Improvement Value $20,025 | Tax Amount $403.62 | Change Rate +0.058564% | Assessed CR | Tax Rate +0.019409% |
| Year 2020 | Assessed Value $20,190 | Land Value $748 | Improvement Value $19,442 | Tax Amount $381.29 | Change Rate +0.061468% | Assessed CR | Tax Rate +0.018885% |
| Year 2019 | Assessed Value $19,602 | Land Value $726 | Improvement Value $18,876 | Tax Amount $359.21 | Change Rate -0.306518% | Assessed CR | Tax Rate +0.018325% |
| Year 2018 | Assessed Value $19,031 | Land Value $705 | Improvement Value $18,326 | Tax Amount $517.98 | Change Rate +0.033645% | Assessed CR | Tax Rate +0.027218% |
| Year 2017 | Assessed Value $55,428 | Land Value $2,052 | Improvement Value $53,376 | Tax Amount $501.12 | Change Rate | Assessed CR | Tax Rate +0.009041% |
| Year 2016 | Assessed Value $53,814 | Land Value $1,992 | Improvement Value $51,822 | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2015 | Assessed Value $52,248 | Land Value $1,935 | Improvement Value $50,313 | Tax Amount $300.71 | Change Rate | Assessed CR | Tax Rate +0.005755% |
| Year 2014 | Assessed Value $50,727 | Land Value $1,878 | Improvement Value $48,849 | Tax Amount | Change Rate | Assessed CR | Tax Rate |