Housing in Carlsbad
Average lot size 70 x 125 feet
Average cost to develop lot $25,000 if raw land
Cost of new 3 bedroom home per sq ft $100 to $140 depending on cost of lot/quality of home
Average cost of a three bedroom home $125,000

Taxes  

Property Tax
23.518 mil rate per $1,000 of assessed value
Source - EddyCounty Assessor

 Value of property divided by three equals taxable value x mil rate.  Example:  $75,000 divided by 3 = $25,000 x .023518 = $587.95 property tax.
Gross Receipts/Sales Tax 6.8125%

State Income Tax
Source - NM Taxation & Revenue

 four tax brackets;
percentages range from 1.7% to 5.3%
Electric - Xcel Energy Rates
Carlsbad’s rates are among the lowest in NM and Texas
Industrial rates first 230 kWh per kW or 120,000 kWh $.02505, the next 230 kWh per kW $.02205, all additional kWh $.02095
Commercial rates first 1,000 kWh $.07824, next 6,000 kWh $0.4018, all additional kWh $.02451
Resident rates $.05665 per kWh
Natural Gas - PNM

Monthly residential service
$9.59 access fee
.0408 transmission fee per therm
.1646 distribution fee per therm
Plus basic charge for cost of fuel
Water/Sewer - City of Carlsbad

The Carlsbad Municipal System is owned and operated by the City of Carlsbad.  The system’s source of water is ground waters and ninety-eight percent (98%) of the water comes from the Sheep Draw Well Field (Capitan Reef) located seven miles southwest of Carlsbad in the foothills of the Guadalupe Mountains.  Two percent (2%) of the water comes from the City owned and operated Double Eagle Water System located near Maljamar, NM (Ogallala formation).

Contact the City of Carlsbad at 575-887-1191 for information on rates.
Eddy County Personal Income
Source - NM Department of Workforce Solutions

2004 median household income
US Census Bureau

$36,329

2005 per capita income
Bureau of Economic Analysis

$29,132