Taxes
- Assessed Value: $3,389
- Assessed Year: 2025
- Assessed County: Lea
- APN: 4 000 089 844 001
- Tax Amount: 32.16
- Tax Year: 2025
- Market Value: 10167
- Market Year: 2025
505 W Drake St, 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 $3,389. The APN we've located for 505 W Drake St is 4 000 089 844 001.
Unlock the full report| Year | Assessed Value | Land Value | Improvement Value | Tax Amount | Change Rate | Assessed CR | Tax Rate |
|---|---|---|---|---|---|---|---|
| Year 2025 | Assessed Value $3,389 | Land Value | Improvement Value $3,389 | Tax Amount $32.16 | Change Rate -0.047393% | Assessed CR | Tax Rate +0.00949% |
| Year 2024 | Assessed Value $3,440 | Land Value | Improvement Value $3,440 | Tax Amount $33.76 | Change Rate -0.047404% | Assessed CR | Tax Rate +0.009814% |
| Year 2023 | Assessed Value $3,492 | Land Value | Improvement Value $3,492 | Tax Amount $35.44 | Change Rate -0.018011% | Assessed CR | Tax Rate +0.010149% |
| Year 2022 | Assessed Value $3,492 | Land Value | Improvement Value $3,492 | Tax Amount $36.09 | Change Rate +0.002222% | Assessed CR | Tax Rate +0.010335% |
| Year 2021 | Assessed Value $3,545 | Land Value | Improvement Value $3,545 | Tax Amount $36.01 | Change Rate +0.020113% | Assessed CR | Tax Rate +0.010158% |
| Year 2020 | Assessed Value $3,545 | Land Value | Improvement Value $3,545 | Tax Amount $35.3 | Change Rate +0.020231% | Assessed CR | Tax Rate +0.009958% |
| Year 2019 | Assessed Value $3,545 | Land Value | Improvement Value $3,545 | Tax Amount $34.6 | Change Rate -0.715928% | Assessed CR | Tax Rate +0.00976% |
| Year 2018 | Assessed Value $3,545 | Land Value | Improvement Value $3,545 | Tax Amount $121.8 | Change Rate -0.694584% | Assessed CR | Tax Rate +0.034358% |
| Year 2017 | Assessed Value $31,410 | Land Value | Improvement Value $31,410 | Tax Amount $398.8 | Change Rate +1.106932% | Assessed CR | Tax Rate +0.012697% |
| Year 2015 | Assessed Value $31,410 | Land Value | Improvement Value $31,410 | Tax Amount $189.28 | Change Rate | Assessed CR | Tax Rate +0.006026% |
| Year 2014 | Assessed Value $30,495 | Land Value | Improvement Value $30,495 | Tax Amount | Change Rate | Assessed CR | Tax Rate |