Taxes
- Assessed Value: $41,744
- Assessed Year: 2025
- Assessed County: Lea
- APN: 4 000 160 520 001
- Assessed Land Value: 3824
- Market Land Value: 11472
- Tax Amount: 1440.05
- Tax Year: 2025
- Market Value: 125232
- Market Year: 2025
518 N Shipp St; Hobbs, NM Property Details
Off market
518 N Shipp St Hobbs, NM 88240
$172,500 Listing Price
3 Baths
2,736 SqFt
Property Type
Single FamilyProperty Details
Summary
- Purchase Method: Cash
- Owners / Type: 1 / Individual
- Owner Status: Individual
- Year Built: 1987
- Open Loans / Balance: 1 / $119,865
- Est. Equity / %: $126,135 / 51.27%
- Inv. Liens: 1
- APN: 4 000 160 520 001
- Situs County: Lea
- Length Of Ownership: 1 months
Rooms
- Bathrooms: 3
Measurements
- Total: 2,736/SqFt
- Lot: 12,472/SqFt
Legal Description
- Description: HIGHLAND PARK ADD BLOCK 119 LOT 5 6 7 8 E 22.95 OF LOTS 5 & 6
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: 32.705666 / -103.13706
- Subdivision: Highland Park Add
- Property Class: Residential
Amenities
- Plus Four: 5725
Ownership Info
518 N Shipp St has no associated ownership info
518 N Shipp St has no associated ownership info.
Taxes
518 N Shipp St has 10 associated Taxes items
518 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 $41,744. The APN we've located for 518 N Shipp St is 4 000 160 520 001.
Unlock the full reportTax History
518 N Shipp St 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 $41,744 | Land Value $3,824 | Improvement Value $37,920 | Tax Amount $1,440.05 | Change Rate -0.000264% | Assessed CR | Tax Rate +0.034497% |
| Year 2024 | Assessed Value $41,744 | Land Value $3,824 | Improvement Value $37,920 | Tax Amount $1,440.43 | Change Rate +0.138023% | Assessed CR | Tax Rate +0.034506% |
| Year 2023 | Assessed Value $36,678 | Land Value $3,713 | Improvement Value $32,965 | Tax Amount $1,265.73 | Change Rate +0.04207% | Assessed CR | Tax Rate +0.034509% |
| Year 2022 | Assessed Value $36,678 | Land Value $3,713 | Improvement Value $32,965 | Tax Amount $1,214.63 | Change Rate +0.177572% | Assessed CR | Tax Rate +0.033116% |
| Year 2021 | Assessed Value $30,228 | Land Value $2,507 | Improvement Value $27,721 | Tax Amount $1,031.47 | Change Rate +0.020237% | Assessed CR | Tax Rate +0.034123% |
| Year 2020 | Assessed Value $30,155 | Land Value $2,434 | Improvement Value $27,721 | Tax Amount $1,011.01 | Change Rate +0.044594% | Assessed CR | Tax Rate +0.033527% |
| Year 2019 | Assessed Value $29,277 | Land Value $2,363 | Improvement Value $26,914 | Tax Amount $967.85 | Change Rate -0.164408% | Assessed CR | Tax Rate +0.033058% |
| Year 2018 | Assessed Value $28,957 | Land Value $2,294 | Improvement Value $26,663 | Tax Amount $1,158.28 | Change Rate +0.030022% | Assessed CR | Tax Rate +0.04% |
| Year 2017 | Assessed Value $84,339 | Land Value $6,681 | Improvement Value $77,658 | Tax Amount $1,124.52 | Change Rate | Assessed CR | Tax Rate +0.013333% |
| Year 2016 | Assessed Value $84,144 | Land Value $6,486 | Improvement Value $77,658 | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2015 | Assessed Value $84,144 | Land Value $6,486 | Improvement Value $77,658 | Tax Amount $925.48 | Change Rate | Assessed CR | Tax Rate +0.010999% |
| Year 2014 | Assessed Value $80,397 | Land Value $6,486 | Improvement Value $73,911 | Tax Amount | Change Rate | Assessed CR | Tax Rate |