Taxes
- Assessed Value: $14,932
- Assessed Year: 2025
- Assessed County: Lea
- APN: 4 000 126 650 001
- Assessed Land Value: 1093
- Market Land Value: 3279
- Tax Amount: 403
- Tax Year: 2025
- Market Value: 44796
- Market Year: 2025
505 E Palace Ave; Hobbs, NM Property Details
Off market
505 E Palace Ave Hobbs, NM 88240
$14,932 Estimated Value
Property Type
Single FamilyProperty Details
Summary
- Purchase Method: Cash
- Owners / Type: 2 / Related
- Owner Status: Related
- Est. Equity / %: $165,000 / 100%
- Inv. Liens: 1
- APN: 4 000 126 650 001
- Situs County: Lea
- Length Of Ownership: 1 year, 3 months
Measurements
- Lot: 5,903/SqFt
Legal Description
- Description: LAUGHLIN ADD UNIT 2 BLOCK 3 LOT 3 12653-COLONIAL HOMES 42215-SCOTT, GORDON 8819 SIERS, JEFFREY PHOTO 82720
Building Insights
Land Information
- Property Type: Single Family
- Flood Zone: AO / No Flood Zone
- School District: Hobbs Municipal Schools
- Lat / Lon: 32.68469 / -103.13077
- Subdivision: Laughlin Add
- Property Class: Residential
Amenities
- Plus Four: 7735
Ownership Info
505 E Palace Ave has no associated ownership info
505 E Palace Ave has no associated ownership info.
Taxes
505 E Palace Ave has 10 associated Taxes items
505 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 $14,932. The APN we've located for 505 E Palace Ave is 4 000 126 650 001.
Unlock the full reportTax History
505 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 $14,932 | Land Value $1,093 | Improvement Value $13,839 | Tax Amount $403 | Change Rate +0.017189% | Assessed CR | Tax Rate +0.026989% |
| Year 2024 | Assessed Value $14,497 | Land Value $1,061 | Improvement Value $13,436 | Tax Amount $396.19 | Change Rate +0.016054% | Assessed CR | Tax Rate +0.027329% |
| Year 2023 | Assessed Value $14,075 | Land Value $1,030 | Improvement Value $13,045 | Tax Amount $389.93 | Change Rate +0.043263% | Assessed CR | Tax Rate +0.027704% |
| Year 2022 | Assessed Value $14,075 | Land Value $1,030 | Improvement Value $13,045 | Tax Amount $373.76 | Change Rate +0.002575% | Assessed CR | Tax Rate +0.026555% |
| Year 2021 | Assessed Value $13,665 | Land Value $1,000 | Improvement Value $12,665 | Tax Amount $372.8 | Change Rate +1.404541% | Assessed CR | Tax Rate +0.027281% |
| Year 2020 | Assessed Value $5,770 | Land Value $579 | Improvement Value $5,191 | Tax Amount $155.04 | Change Rate +0.047922% | Assessed CR | Tax Rate +0.02687% |
| Year 2019 | Assessed Value $5,602 | Land Value $562 | Improvement Value $5,040 | Tax Amount $147.95 | Change Rate -0.122635% | Assessed CR | Tax Rate +0.02641% |
| Year 2018 | Assessed Value $5,439 | Land Value $546 | Improvement Value $4,893 | Tax Amount $168.63 | Change Rate +0.030116% | Assessed CR | Tax Rate +0.031004% |
| Year 2017 | Assessed Value $15,840 | Land Value $1,590 | Improvement Value $14,250 | Tax Amount $163.7 | Change Rate | Assessed CR | Tax Rate +0.010335% |
| Year 2016 | Assessed Value $15,381 | Land Value $1,545 | Improvement Value $13,836 | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2015 | Assessed Value $14,934 | Land Value $1,500 | Improvement Value $13,434 | Tax Amount $131.12 | Change Rate | Assessed CR | Tax Rate +0.00878% |
| Year 2014 | Assessed Value $14,499 | Land Value $1,455 | Improvement Value $13,044 | Tax Amount | Change Rate | Assessed CR | Tax Rate |