Taxes
- Assessed Value: $15,939
- Assessed Year: 2025
- Assessed County: Lea
- APN: 4 000 106 920 001
- Assessed Land Value: 1767
- Market Land Value: 5301
- Tax Amount: 430.19
- Tax Year: 2025
- Market Value: 47817
- Market Year: 2025
501 E Palace Ave; Hobbs, NM Property Details
Off market
501 E Palace Ave Hobbs, NM 88240
$172,000 Listing Price
2 Beds
1 Baths
998 SqFt
Property Type
Single FamilyProperty Details
Summary
- Purchase Method: Cash
- Owners / Type: 2 / Multiple
- Owner Status: Multiple
- Year Built: 1960
- Est. Equity / %: $155,000 / 100%
- Inv. Liens: 1
- APN: 4 000 106 920 001
- Situs County: Lea
- Length Of Ownership: 3 years, 7 months
Rooms
- Bedrooms: 2
- Bathrooms: 1
Measurements
- Total: 998/SqFt
- Lot: 7,082/SqFt
Legal Description
- Description: LAUGHLIN ADD UNIT 2 BLOCK 3 LOT 1 71816 ORTEGA, IDA C ETAL PHOTO 9222022 101922 RAMOS, CHRISTIAN O ETUX
Building Insights
Land Information
- Property Type: Single Family
- Flood Zone: AO / No Flood Zone
- School District: Hobbs Municipal Schools
- Lat / Lon: 32.684692 / -103.13112
- Subdivision: Laughlin Add
- Property Class: Residential
Amenities
- Plus Four: 7735
Ownership Info
501 E Palace Ave has no associated ownership info
501 E Palace Ave has no associated ownership info.
Taxes
501 E Palace Ave has 10 associated Taxes items
501 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 $15,939. The APN we've located for 501 E Palace Ave is 4 000 106 920 001.
Unlock the full reportTax History
501 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 $15,939 | Land Value $1,767 | Improvement Value $14,172 | Tax Amount $430.19 | Change Rate -0.012442% | Assessed CR | Tax Rate +0.02699% |
| Year 2024 | Assessed Value $15,939 | Land Value $1,767 | Improvement Value $14,172 | Tax Amount $435.61 | Change Rate -0.013497% | Assessed CR | Tax Rate +0.02733% |
| Year 2023 | Assessed Value $15,939 | Land Value $1,767 | Improvement Value $14,172 | Tax Amount $441.57 | Change Rate +0.203844% | Assessed CR | Tax Rate +0.027704% |
| Year 2022 | Assessed Value $15,939 | Land Value $1,767 | Improvement Value $14,172 | Tax Amount $366.8 | Change Rate +0.032658% | Assessed CR | Tax Rate +0.023013% |
| Year 2021 | Assessed Value $13,020 | Land Value $1,500 | Improvement Value $11,520 | Tax Amount $355.2 | Change Rate +0.015263% | Assessed CR | Tax Rate +0.027281% |
| Year 2020 | Assessed Value $13,020 | Land Value $1,500 | Improvement Value $11,520 | Tax Amount $349.86 | Change Rate +0.017508% | Assessed CR | Tax Rate +0.026871% |
| Year 2019 | Assessed Value $13,020 | Land Value $1,500 | Improvement Value $11,520 | Tax Amount $343.84 | Change Rate -0.152268% | Assessed CR | Tax Rate +0.026409% |
| Year 2018 | Assessed Value $13,020 | Land Value $1,500 | Improvement Value $11,520 | Tax Amount $405.6 | Change Rate +0.508031% | Assessed CR | Tax Rate +0.031152% |
| Year 2017 | Assessed Value $26,286 | Land Value $1,830 | Improvement Value $24,456 | Tax Amount $268.96 | Change Rate | Assessed CR | Tax Rate +0.010232% |
| Year 2016 | Assessed Value $26,286 | Land Value $1,830 | Improvement Value $24,456 | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2015 | Assessed Value $25,521 | Land Value $1,776 | Improvement Value $23,745 | Tax Amount $224.07 | Change Rate | Assessed CR | Tax Rate +0.00878% |
| Year 2014 | Assessed Value $24,777 | Land Value $1,725 | Improvement Value $23,052 | Tax Amount | Change Rate | Assessed CR | Tax Rate |