Taxes
- Assessed Value: $7,378
- Assessed Year: 2025
- Assessed County: Lea
- APN: 4 000 152 330 001
- Assessed Land Value: 732
- Market Land Value: 2196
- Tax Amount: 145.14
- Tax Year: 2025
- Market Value: 22134
- Market Year: 2025
406 E Palace Ave; Hobbs, NM Property Details
Off market
406 E Palace Ave Hobbs, NM 88240
$7,378 Estimated Value
Property Type
Single FamilyProperty Details
Summary
- Owners / Type: 2 / Related
- Owner Status: Related
- Year Built: 1987
- Est. Equity / %: $171,000 / 100%
- APN: 4 000 152 330 001
- Situs County: Lea
Measurements
- Lot: 7,088/SqFt
Legal Description
- Description: VILLA VERDE ADD BLOCK 1 LOT 7 1987-HOUSING & URBAN DEV 397-PAGAN, SOCORRO PHOTO 11117
Building Insights
Land Information
- Property Type: Single Family
- Flood Zone: AO / No Flood Zone
- School District: Hobbs Municipal Schools
- Lat / Lon: 32.685177 / -103.1319
- Subdivision: Villa Verde Add
- Property Class: Residential
Amenities
- Plus Four: 7734
Ownership Info
406 E Palace Ave has no associated ownership info
406 E Palace Ave has no associated ownership info.
Taxes
406 E Palace Ave has 10 associated Taxes items
406 E 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 $7,378. The APN we've located for 406 E Palace Ave is 4 000 152 330 001.
Unlock the full reportTax History
406 E 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 $7,378 | Land Value $732 | Improvement Value $6,646 | Tax Amount $145.14 | Change Rate +0.028705% | Assessed CR | Tax Rate +0.019672% |
| Year 2024 | Assessed Value $7,163 | Land Value $711 | Improvement Value $6,452 | Tax Amount $141.09 | Change Rate +0.027903% | Assessed CR | Tax Rate +0.019697% |
| Year 2023 | Assessed Value $6,954 | Land Value $690 | Improvement Value $6,264 | Tax Amount $137.26 | Change Rate +0.05609% | Assessed CR | Tax Rate +0.019738% |
| Year 2022 | Assessed Value $6,954 | Land Value $690 | Improvement Value $6,264 | Tax Amount $129.97 | Change Rate +0.045784% | Assessed CR | Tax Rate +0.01869% |
| Year 2021 | Assessed Value $6,555 | Land Value $650 | Improvement Value $5,905 | Tax Amount $124.28 | Change Rate +0.059777% | Assessed CR | Tax Rate +0.01896% |
| Year 2020 | Assessed Value $6,364 | Land Value $631 | Improvement Value $5,733 | Tax Amount $117.27 | Change Rate +0.062613% | Assessed CR | Tax Rate +0.018427% |
| Year 2019 | Assessed Value $6,179 | Land Value $613 | Improvement Value $5,566 | Tax Amount $110.36 | Change Rate -0.33486% | Assessed CR | Tax Rate +0.01786% |
| Year 2018 | Assessed Value $5,999 | Land Value $595 | Improvement Value $5,404 | Tax Amount $165.92 | Change Rate +0.033576% | Assessed CR | Tax Rate +0.027658% |
| Year 2017 | Assessed Value $17,475 | Land Value $1,734 | Improvement Value $15,741 | Tax Amount $160.53 | Change Rate | Assessed CR | Tax Rate +0.009186% |
| Year 2016 | Assessed Value $16,965 | Land Value $1,683 | Improvement Value $15,282 | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2015 | Assessed Value $16,473 | Land Value $1,635 | Improvement Value $14,838 | Tax Amount $144.63 | Change Rate | Assessed CR | Tax Rate +0.00878% |
| Year 2014 | Assessed Value $15,993 | Land Value $1,587 | Improvement Value $14,406 | Tax Amount | Change Rate | Assessed CR | Tax Rate |