Taxes
- Assessed Value: $15,916
- Assessed Year: 2025
- Assessed County: Lea
- APN: 4 000 005 990 001
- Assessed Land Value: 1833
- Market Land Value: 5499
- Tax Amount: 429.55
- Tax Year: 2025
- Market Value: 47748
- Market Year: 2025
507 E Palace Ave; Hobbs, NM Property Details
Off market
507 E Palace Ave Hobbs, NM 88240
$158,000 Listing Price
3 Beds
1,078 SqFt
Property Type
Single FamilyProperty Details
Summary
- Purchase Method: Financed
- Owners / Type: 1 / Individual
- Owner Status: Individual
- Year Built: 1990
- Purchase Price: $156,689
- Open Loans / Balance: 1 / $155,138
- Est. Equity / %: $12,862 / 7.66%
- Inv. Liens: 1
- APN: 4 000 005 990 001
- Situs County: Lea
- Length Of Ownership: 2 months
Rooms
- Bedrooms: 3
Measurements
- Total: 1,078/SqFt
- Lot: 5,716/SqFt
- Price Per Square Foot: $145.35
Legal Description
- Description: LAUGHLIN ADD UNIT 2 BLOCK 3 LOT 4 12225 BAEZA, ADOLFO R 12225 ZAMBRANO, FRANCISCO 223517 12225 AGUIRRE, TERESITA DE JESUS ESC
Building Insights
Land Information
- Property Type: Single Family
- Flood Zone: AO / No Flood Zone
- School District: Hobbs Municipal Schools
- Lat / Lon: 32.68469 / -103.130615
- Subdivision: Laughlin Add
- Property Class: Residential
Amenities
- Plus Four: 7735
Ownership Info
507 E Palace Ave has no associated ownership info
507 E Palace Ave has no associated ownership info.
Taxes
507 E Palace Ave has 10 associated Taxes items
507 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 $15,916. The APN we've located for 507 E Palace Ave is 4 000 005 990 001.
Unlock the full reportTax History
507 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 $15,916 | Land Value $1,833 | Improvement Value $14,083 | Tax Amount $429.55 | Change Rate -0.012483% | Assessed CR | Tax Rate +0.026989% |
| Year 2024 | Assessed Value $15,916 | Land Value $1,833 | Improvement Value $14,083 | Tax Amount $434.98 | Change Rate -0.013539% | Assessed CR | Tax Rate +0.02733% |
| Year 2023 | Assessed Value $15,916 | Land Value $1,833 | Improvement Value $14,083 | Tax Amount $440.95 | Change Rate +0.012933% | Assessed CR | Tax Rate +0.027705% |
| Year 2022 | Assessed Value $15,916 | Land Value $1,833 | Improvement Value $14,083 | Tax Amount $435.32 | Change Rate +1.754493% | Assessed CR | Tax Rate +0.027351% |
| Year 2021 | Assessed Value $5,793 | Land Value $596 | Improvement Value $5,197 | Tax Amount $158.04 | Change Rate +0.045653% | Assessed CR | Tax Rate +0.027281% |
| Year 2020 | Assessed Value $5,625 | Land Value $579 | Improvement Value $5,046 | Tax Amount $151.14 | Change Rate +0.047982% | Assessed CR | Tax Rate +0.026869% |
| Year 2019 | Assessed Value $5,461 | Land Value $562 | Improvement Value $4,899 | Tax Amount $144.22 | Change Rate -0.123389% | Assessed CR | Tax Rate +0.026409% |
| Year 2018 | Assessed Value $5,302 | Land Value $546 | Improvement Value $4,756 | Tax Amount $164.52 | Change Rate +0.030117% | Assessed CR | Tax Rate +0.03103% |
| Year 2017 | Assessed Value $15,441 | Land Value $1,590 | Improvement Value $13,851 | Tax Amount $159.71 | Change Rate -0.947064% | Assessed CR | Tax Rate +0.010343% |
| Year 2016 | Assessed Value $14,994 | Land Value $1,545 | Improvement Value $13,449 | Tax Amount $3,017.04 | Change Rate +0.091237% | Assessed CR | Tax Rate +0.201216% |
| Year 2015 | Assessed Value $14,556 | Land Value $1,500 | Improvement Value $13,056 | Tax Amount $2,764.79 | Change Rate +0.039578% | Assessed CR | Tax Rate +0.189942% |
| Year 2014 | Assessed Value $14,130 | Land Value $1,455 | Improvement Value $12,675 | Tax Amount $2,659.53 | Change Rate | Assessed CR | Tax Rate +0.188219% |