Taxes
- Assessed Value: $45,073
- Assessed Year: 2025
- Assessed County: Lea
- APN: 4 000 038 430 001
- Assessed Land Value: 2852
- Market Land Value: 8556
- Tax Amount: 1554.89
- Tax Year: 2025
- Market Value: 135219
- Market Year: 2025
506 N Shipp St; Hobbs, NM Property Details
Off market
506 N Shipp St Hobbs, NM 88240
$280,000 Listing Price
3,036 SqFt
Property Type
Single FamilyProperty Details
Summary
- Purchase Method: Cash
- Owners / Type: 2 / Related
- Owner Status: Related
- Year Built: 1991
- Est. Equity / %: $273,000 / 100%
- Inv. Liens: 1
- APN: 4 000 038 430 001
- Situs County: Lea
- Length Of Ownership: 1 year, 1 months
Measurements
- Total: 3,036/SqFt
- Lot: 13,070/SqFt
Legal Description
- Description: HIGHLAND PARK ADD BLOCK 119 LOT 9 10 11 N 15 OF 11
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: 32.70538 / -103.13717
- Subdivision: Highland Park Add
- Property Class: Residential
Amenities
- Plus Four: 5725
Ownership Info
506 N Shipp St has no associated ownership info
506 N Shipp St has no associated ownership info.
Taxes
506 N Shipp St has 10 associated Taxes items
506 N Shipp 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 $45,073. The APN we've located for 506 N Shipp St is 4 000 038 430 001.
Unlock the full reportTax History
506 N Shipp St has 8 associated Tax History items
| Year | Assessed Value | Land Value | Improvement Value | Tax Amount | Change Rate | Assessed CR | Tax Rate |
|---|---|---|---|---|---|---|---|
| Year 2025 | Assessed Value $45,073 | Land Value $2,852 | Improvement Value $42,221 | Tax Amount $1,554.89 | Change Rate -0.000264% | Assessed CR | Tax Rate +0.034497% |
| Year 2024 | Assessed Value $45,073 | Land Value $2,852 | Improvement Value $42,221 | Tax Amount $1,555.3 | Change Rate +0.147806% | Assessed CR | Tax Rate +0.034506% |
| Year 2023 | Assessed Value $39,266 | Land Value $2,769 | Improvement Value $36,497 | Tax Amount $1,355.02 | Change Rate +0.042083% | Assessed CR | Tax Rate +0.034509% |
| Year 2022 | Assessed Value $39,266 | Land Value $2,769 | Improvement Value $36,497 | Tax Amount $1,300.3 | Change Rate +0.024181% | Assessed CR | Tax Rate +0.033115% |
| Year 2021 | Assessed Value $37,207 | Land Value $2,610 | Improvement Value $34,597 | Tax Amount $1,269.6 | Change Rate +0.019841% | Assessed CR | Tax Rate +0.034123% |
| Year 2020 | Assessed Value $37,131 | Land Value $2,534 | Improvement Value $34,597 | Tax Amount $1,244.9 | Change Rate +0.05985% | Assessed CR | Tax Rate +0.033527% |
| Year 2015 | Assessed Value $106,794 | Land Value $6,750 | Improvement Value $100,044 | Tax Amount $1,174.6 | Change Rate | Assessed CR | Tax Rate +0.010999% |
| Year 2014 | Assessed Value $103,272 | Land Value $6,750 | Improvement Value $96,522 | Tax Amount | Change Rate | Assessed CR | Tax Rate |