Taxes
- Assessed Value: $15,522
- Assessed Year: 2025
- Assessed County: Lea
- APN: 4 000 022 740 001
- Assessed Land Value: 867
- Market Land Value: 2601
- Tax Amount: 418.92
- Tax Year: 2025
- Market Value: 46566
- Market Year: 2025
407 W Rainbow Dr; Hobbs, NM Property Details
Off market
407 W Rainbow Dr Hobbs, NM 88240
$15,522 Estimated Value
Property Type
Single FamilyProperty Details
Summary
- Owners / Type: 2 / Related
- Owner Status: Related
- Year Built: 1993
- Est. Equity / %: $130,000 / 100%
- APN: 4 000 022 740 001
- Situs County: Lea
Measurements
- Lot: 7,790/SqFt
Legal Description
- Description: SOUTHERN HTS ADD BLOCK 7 LOT 15 1993-CRUCE, RAY C 10107-PIERCE, L FRANK
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: 32.688137 / -103.140724
- Subdivision: Southern Hts Add
- Property Class: Residential
Amenities
- Plus Four: 7335
Ownership Info
407 W Rainbow Dr has no associated ownership info
407 W Rainbow Dr has no associated ownership info.
Taxes
407 W Rainbow Dr has 10 associated Taxes items
407 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 $15,522. The APN we've located for 407 W Rainbow Dr is 4 000 022 740 001.
Unlock the full reportTax History
407 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 $15,522 | Land Value $867 | Improvement Value $14,655 | Tax Amount $418.92 | Change Rate +0.17906% | Assessed CR | Tax Rate +0.026989% |
| Year 2024 | Assessed Value $13,000 | Land Value $842 | Improvement Value $12,158 | Tax Amount $355.3 | Change Rate +0.016188% | Assessed CR | Tax Rate +0.027331% |
| Year 2023 | Assessed Value $12,621 | Land Value $817 | Improvement Value $11,804 | Tax Amount $349.64 | Change Rate +0.043297% | Assessed CR | Tax Rate +0.027703% |
| Year 2022 | Assessed Value $12,621 | Land Value $817 | Improvement Value $11,804 | Tax Amount $335.13 | Change Rate +0.032694% | Assessed CR | Tax Rate +0.026553% |
| Year 2021 | Assessed Value $11,896 | Land Value $770 | Improvement Value $11,126 | Tax Amount $324.52 | Change Rate +0.045692% | Assessed CR | Tax Rate +0.02728% |
| Year 2020 | Assessed Value $11,550 | Land Value $748 | Improvement Value $10,802 | Tax Amount $310.34 | Change Rate +0.048056% | Assessed CR | Tax Rate +0.026869% |
| Year 2019 | Assessed Value $11,213 | Land Value $726 | Improvement Value $10,487 | Tax Amount $296.11 | Change Rate -0.11254% | Assessed CR | Tax Rate +0.026408% |
| Year 2018 | Assessed Value $10,887 | Land Value $705 | Improvement Value $10,182 | Tax Amount $333.66 | Change Rate +0.030101% | Assessed CR | Tax Rate +0.030648% |
| Year 2017 | Assessed Value $31,707 | Land Value $2,052 | Improvement Value $29,655 | Tax Amount $323.91 | Change Rate +3.207716% | Assessed CR | Tax Rate +0.010216% |
| Year 2016 | Assessed Value $30,783 | Land Value $1,992 | Improvement Value $28,791 | Tax Amount $76.98 | Change Rate +3.064414% | Assessed CR | Tax Rate +0.002501% |
| Year 2015 | Assessed Value $29,886 | Land Value $1,935 | Improvement Value $27,951 | Tax Amount $18.94 | Change Rate +0.073088% | Assessed CR | Tax Rate +0.000634% |
| Year 2014 | Assessed Value $29,016 | Land Value $1,878 | Improvement Value $27,138 | Tax Amount $17.65 | Change Rate | Assessed CR | Tax Rate +0.000608% |