Taxes
- Assessed Value: $10,965
- Assessed Year: 2025
- Assessed County: Lea
- APN: 4 000 031 280 001
- Assessed Land Value: 525
- Market Land Value: 1575
- Tax Amount: 295.93
- Tax Year: 2025
- Market Value: 32895
- Market Year: 2025
509 E Palace Ave; Hobbs, NM Property Details
Off market
509 E Palace Ave Hobbs, NM 88240
$10,965 Estimated Value
Property Type
Single FamilyProperty Details
Summary
- Owners / Type: 2 / Related
- Owner Status: Related
- Open Loans / Balance: 1 / $10,000
- Est. Equity / %: $161,000 / 94.15%
- APN: 4 000 031 280 001
- Situs County: Lea
Measurements
- Lot: 6,392/SqFt
Legal Description
- Description: LAUGHLIN ADD UNIT 2 BLOCK 3 LOT 5 797-BROWN, M JOE 11105-JUAREZ, GUILLERMO L 61011-JUAREZ ARTURO, TERESA, D J ARMANDO, GLORIA
Building Insights
Land Information
- Property Type: Single Family
- Flood Zone: AO / No Flood Zone
- School District: Hobbs Municipal Schools
- Lat / Lon: 32.68469 / -103.13045
- Subdivision: Laughlin Add
- Property Class: Residential
Amenities
- Plus Four: 7735
Ownership Info
509 E Palace Ave has no associated ownership info
509 E Palace Ave has no associated ownership info.
Taxes
509 E Palace Ave has 10 associated Taxes items
509 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 $10,965. The APN we've located for 509 E Palace Ave is 4 000 031 280 001.
Unlock the full reportTax History
509 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 $10,965 | Land Value $525 | Improvement Value $10,440 | Tax Amount $295.93 | Change Rate +0.017046% | Assessed CR | Tax Rate +0.026989% |
| Year 2024 | Assessed Value $10,646 | Land Value $510 | Improvement Value $10,136 | Tax Amount $290.97 | Change Rate +0.016099% | Assessed CR | Tax Rate +0.027331% |
| Year 2023 | Assessed Value $10,336 | Land Value $495 | Improvement Value $9,841 | Tax Amount $286.36 | Change Rate +0.043282% | Assessed CR | Tax Rate +0.027705% |
| Year 2022 | Assessed Value $10,336 | Land Value $495 | Improvement Value $9,841 | Tax Amount $274.48 | Change Rate +0.032656% | Assessed CR | Tax Rate +0.026556% |
| Year 2021 | Assessed Value $9,743 | Land Value $467 | Improvement Value $9,276 | Tax Amount $265.8 | Change Rate +0.015279% | Assessed CR | Tax Rate +0.027281% |
| Year 2020 | Assessed Value $9,743 | Land Value $467 | Improvement Value $9,276 | Tax Amount $261.8 | Change Rate +0.017489% | Assessed CR | Tax Rate +0.026871% |
| Year 2019 | Assessed Value $9,743 | Land Value $467 | Improvement Value $9,276 | Tax Amount $257.3 | Change Rate -0.133553% | Assessed CR | Tax Rate +0.026409% |
| Year 2018 | Assessed Value $9,743 | Land Value $467 | Improvement Value $9,276 | Tax Amount $296.96 | Change Rate | Assessed CR | Tax Rate +0.030479% |
| Year 2017 | Assessed Value $29,229 | Land Value $1,401 | Improvement Value $27,828 | Tax Amount $296.96 | Change Rate | Assessed CR | Tax Rate +0.01016% |
| Year 2016 | Assessed Value $29,229 | Land Value $1,401 | Improvement Value $27,828 | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2015 | Assessed Value $29,229 | Land Value $1,401 | Improvement Value $27,828 | Tax Amount $256.63 | Change Rate | Assessed CR | Tax Rate +0.00878% |
| Year 2014 | Assessed Value $29,229 | Land Value $1,401 | Improvement Value $27,828 | Tax Amount | Change Rate | Assessed CR | Tax Rate |