Colfax County, New Mexico Property Taxes
Census Bureau ACS property tax data for New Mexico. Population: 3,898.
The median annual property tax in Colfax County is $927, which is 11% lower than the New Mexico state average and 52% below the national average. The effective tax rate is 0.58% on a median home value of $161,000. Property taxes represent 1.8% of the median household income in this county.
Median Annual Tax
$927
-11% vs State
-52% vs US
Median Home Value
$161,000
-11% vs State
-24% vs US
Effective Tax Rate
0.58%
-3% vs State
-39% vs US
With vs Without Mortgage
With Mortgage
$1,080
$90/mo
Without Mortgage
$790
$66/mo
Homeowners with a mortgage typically own higher-valued properties, which can result in higher tax bills.
Property Tax History
| Year | Median Tax | Effective Rate |
|---|---|---|
| 2023 | $927 +16.9% | 0.58% |
| 2022 | $793 +7.5% | 0.57% |
| 2021 | $738 +11.8% | 0.59% |
| 2020 | $660 +12.2% | 0.61% |
| 2019 | $588 | 0.56% |
Tax Burden
Tax-to-Income Ratio
1.8%
of median household income
Median Income
$52,690
per year
Monthly Tax
$77
per month
Other Counties in New Mexico
Lea County
Tax: $824/yr Rate: 0.47%
Sierra County
Tax: $793/yr Rate: 0.55%
Mora County
Tax: $642/yr Rate: 0.54%
Harding County
Tax: $328/yr Rate: 0.38%
San Juan County
Tax: $1,249/yr Rate: 0.67%
Valencia County
Tax: $1,365/yr Rate: 0.66%
Frequently Asked Questions
What is the average property tax in Colfax County, New Mexico? ▼
The median annual property tax in Colfax County is $927 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.58% on a median home value of $161,000.
How does Colfax County property tax compare to the national average? ▼
Property taxes in Colfax County are 52% below the national average of $1,923. The effective rate of 0.58% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Colfax County? ▼
In Colfax County, homeowners with a mortgage pay a median of $1,080 in annual property taxes, while homeowners without a mortgage pay $790. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Colfax County? ▼
Property taxes in Colfax County represent approximately 1.8% of the median household income of $52,690. The national benchmark is generally 2-4% of household income.
Explore More Data
Data source: U.S. Census Bureau, American Community Survey 5-Year Estimates. Property tax data reflects median amounts paid by homeowners. Effective rates are calculated as median tax divided by median home value.