Taxes
- Assessed Value: $28,148
- Assessed Year: 2025
- Assessed County: Lea
- APN: 4 000 149 550 001
- Assessed Land Value: 3133
- Market Land Value: 9399
- Tax Amount: 759.69
- Tax Year: 2025
- Market Value: 84444
- Market Year: 2025
406 W Rainbow Dr; Hobbs, NM Property Details
Off market
406 W Rainbow Dr Hobbs, NM 88240
$94,000 Listing Price
2 Beds
1 Baths
948 SqFt
Property Type
Single FamilyProperty Details
Summary
- Purchase Method: Financed
- Owners / Type: 1 / Individual
- Owner Status: Individual
- Year Built: 1948
- Purchase Price: $111,600
- Open Loans / Balance: 1 / $80,789
- Est. Equity / %: $31,211 / 27.87%
- Inv. Liens: 1
- APN: 4 000 149 550 001
- Situs County: Lea
- Length Of Ownership: 4 years, 7 months
Rooms
- Bedrooms: 2
- Bathrooms: 1
Measurements
- Total: 948/SqFt
- Lot: 7,665/SqFt
- Price Per Square Foot: $117.72
Legal Description
- Description: SOUTHERN HTS ADD BLOCK 8 LOT 10 43004 TODD, R W ETUX 62619 AFFDTH ORONA, AVELINA E 112321 ORONA, AVELINA E 112321 ORONA, RAMO
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: 32.687695 / -103.14073
- Subdivision: Southern Hts Add
- Property Class: Residential
Amenities
- Plus Four: 7336
Ownership Info
406 W Rainbow Dr has no associated ownership info
406 W Rainbow Dr has no associated ownership info.
Taxes
406 W Rainbow Dr has 10 associated Taxes items
406 W Rainbow Dr, 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 $28,148. The APN we've located for 406 W Rainbow Dr is 4 000 149 550 001.
Unlock the full reportTax History
406 W Rainbow Dr 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 $28,148 | Land Value $3,133 | Improvement Value $25,015 | Tax Amount $759.69 | Change Rate -0.012479% | Assessed CR | Tax Rate +0.026989% |
| Year 2024 | Assessed Value $28,148 | Land Value $3,133 | Improvement Value $25,015 | Tax Amount $769.29 | Change Rate -0.013503% | Assessed CR | Tax Rate +0.02733% |
| Year 2023 | Assessed Value $28,148 | Land Value $3,133 | Improvement Value $25,015 | Tax Amount $779.82 | Change Rate +0.012911% | Assessed CR | Tax Rate +0.027704% |
| Year 2022 | Assessed Value $28,148 | Land Value $3,133 | Improvement Value $25,015 | Tax Amount $769.88 | Change Rate +3.986269% | Assessed CR | Tax Rate +0.027351% |
| Year 2021 | Assessed Value $7,659 | Land Value $770 | Improvement Value $6,889 | Tax Amount $154.4 | Change Rate +0.0571% | Assessed CR | Tax Rate +0.020159% |
| Year 2020 | Assessed Value $7,436 | Land Value $748 | Improvement Value $6,688 | Tax Amount $146.06 | Change Rate +0.059634% | Assessed CR | Tax Rate +0.019642% |
| Year 2019 | Assessed Value $7,219 | Land Value $726 | Improvement Value $6,493 | Tax Amount $137.84 | Change Rate -0.301439% | Assessed CR | Tax Rate +0.019094% |
| Year 2018 | Assessed Value $7,009 | Land Value $705 | Improvement Value $6,304 | Tax Amount $197.32 | Change Rate +0.033305% | Assessed CR | Tax Rate +0.028152% |
| Year 2017 | Assessed Value $20,412 | Land Value $2,052 | Improvement Value $18,360 | Tax Amount $190.96 | Change Rate | Assessed CR | Tax Rate +0.009355% |
| Year 2016 | Assessed Value $19,818 | Land Value $1,992 | Improvement Value $17,826 | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2015 | Assessed Value $19,242 | Land Value $1,935 | Improvement Value $17,307 | Tax Amount $116.26 | Change Rate | Assessed CR | Tax Rate +0.006042% |
| Year 2014 | Assessed Value $18,681 | Land Value $1,878 | Improvement Value $16,803 | Tax Amount | Change Rate | Assessed CR | Tax Rate |