Taxes
- Assessed Value: $12,768
- Assessed Year: 2025
- Assessed County: Lea
- APN: 4 000 000 950 001
- Assessed Land Value: 567
- Market Land Value: 1701
- Tax Amount: 344.58
- Tax Year: 2025
- Market Value: 38304
- Market Year: 2025
407 E Palace Ave; Hobbs, NM Property Details
Off market
407 E Palace Ave Hobbs, NM 88240
$12,768 Estimated Value
Property Type
Single FamilyProperty Details
Summary
- Owners / Type: 1 / Individual
- Owner Status: Individual
- Est. Equity / %: $181,000 / 100%
- APN: 4 000 000 950 001
- Situs County: Lea
Measurements
- Lot: 6,644/SqFt
Legal Description
- Description: VILLA VERDE ADD BLOCK 2 LOT 3
Building Insights
Land Information
- Property Type: Single Family
- Flood Zone: AO / No Flood Zone
- School District: Hobbs Municipal Schools
- Lat / Lon: 32.684734 / -103.13185
- Subdivision: Villa Verde Add
- Property Class: Residential
Amenities
- Plus Four: 7733
Ownership Info
407 E Palace Ave has no associated ownership info
407 E Palace Ave has no associated ownership info.
Taxes
407 E Palace Ave has 10 associated Taxes items
407 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 $12,768. The APN we've located for 407 E Palace Ave is 4 000 000 950 001.
Unlock the full reportTax History
407 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 $12,768 | Land Value $567 | Improvement Value $12,201 | Tax Amount $344.58 | Change Rate +0.01709% | Assessed CR | Tax Rate +0.026988% |
| Year 2024 | Assessed Value $12,396 | Land Value $550 | Improvement Value $11,846 | Tax Amount $338.79 | Change Rate +0.016136% | Assessed CR | Tax Rate +0.027331% |
| Year 2023 | Assessed Value $12,035 | Land Value $534 | Improvement Value $11,501 | Tax Amount $333.41 | Change Rate +0.043308% | Assessed CR | Tax Rate +0.027703% |
| Year 2022 | Assessed Value $12,035 | Land Value $534 | Improvement Value $11,501 | Tax Amount $319.57 | Change Rate +0.032603% | Assessed CR | Tax Rate +0.026553% |
| Year 2021 | Assessed Value $11,344 | Land Value $503 | Improvement Value $10,841 | Tax Amount $309.48 | Change Rate +0.015288% | Assessed CR | Tax Rate +0.027281% |
| Year 2020 | Assessed Value $11,344 | Land Value $503 | Improvement Value $10,841 | Tax Amount $304.82 | Change Rate +0.017457% | Assessed CR | Tax Rate +0.026871% |
| Year 2019 | Assessed Value $11,344 | Land Value $503 | Improvement Value $10,841 | Tax Amount $299.59 | Change Rate -0.132503% | Assessed CR | Tax Rate +0.02641% |
| Year 2018 | Assessed Value $11,344 | Land Value $503 | Improvement Value $10,841 | Tax Amount $345.35 | Change Rate | Assessed CR | Tax Rate +0.030443% |
| Year 2017 | Assessed Value $34,032 | Land Value $1,509 | Improvement Value $32,523 | Tax Amount $345.35 | Change Rate -0.35713% | Assessed CR | Tax Rate +0.010148% |
| Year 2016 | Assessed Value $34,032 | Land Value $1,509 | Improvement Value $32,523 | Tax Amount $537.2 | Change Rate +1.184095% | Assessed CR | Tax Rate +0.015785% |
| Year 2015 | Assessed Value $34,032 | Land Value $1,509 | Improvement Value $32,523 | Tax Amount $245.96 | Change Rate -0.06791% | Assessed CR | Tax Rate +0.007227% |
| Year 2014 | Assessed Value $34,032 | Land Value $1,509 | Improvement Value $32,523 | Tax Amount $263.88 | Change Rate | Assessed CR | Tax Rate +0.007754% |