87042 Property Tax Rate
Peralta, New Mexico · Part of Valencia County
Effective Tax Rate
0.44%
6% above state avgMedian Annual Tax
$1,211
$101/mo escrow
Estimate Your Tax
Annual Tax
$1,211
Monthly
$101
Eff. Rate
0.44%
Buyer decision brief
What ZIP 87042 means for your housing budget
Use this ZIP page to compare recurring tax burden before you compare listing prices. The numbers below are Census ZCTA estimates, so they are strongest for neighborhood comparison and weakest for parcel-specific tax planning.
Monthly escrow signal
$101/mo
Based on median annual tax paid
State context
0.15 percentage points below the New Mexico average
New Mexico average: 0.59%
Data confidence
Moderate confidenceThe Census margin of error is $233, about 19% of the median tax estimate.
Verify before you offer
- Confirm parcel assessed value with Valencia County assessor.
- Check homestead, senior, veteran, and disability exemptions.
- Ask whether purchase triggers reassessment or value-cap reset.
- Review school district and special assessment boundaries.
Lower-rate similar ZIPs
This is informational content, not tax, legal, or mortgage advice. Local assessor records remain the source of truth for a specific property.
Data confidence ledger
Can you trust ZIP 87042 for comparison?
ACS vintage
2019-2023 ACS 5-Year Estimates
Five-year Census ZCTA estimates.
ZCTA caveat
Census area, not parcel boundary
USPS ZIP routes and taxing districts can differ inside the same area.
Field completeness
3/3 required fields
Median tax, home value, and derived rate are present.
MOE status
Moderate ACS confidence
$233 tax MOE, 19% of the median tax estimate.
Last site refresh
March 10, 2026
Dataset and page-quality audit run locally before publication.
County fallback
County context only
Valencia County is used for assessor verification and broader context.
Tax bill anatomy
What can change your actual bill in ZIP 87042
Use the ZIP estimate to compare neighborhoods, then verify these parcel-level inputs before relying on a payment estimate.
Assessed value
The ZCTA median home value is $275,000, but your bill starts with the local assessed value for a specific parcel.
Effective rate
The displayed rate is 0.44%, derived from median tax paid divided by median home value.
Exemptions
Homestead, senior, veteran, disability, and local exemptions can reduce taxable value. Confirm eligibility before estimating escrow.
Reassessment
A purchase can change assessed value depending on New Mexico and county rules. Ask how sale price affects the next assessment cycle.
Escrow impact
The median tax paid in this ZCTA equals about $101 per month before insurance, HOA dues, or special assessments.
Assessor verification
Valencia County assessor or tax collector records are the source of truth for parcel taxes, appeal windows, and exemptions.
How ZIP 87042 Compares
Median Annual Property Tax
ZIP 87042
0.44%
Effective rate
New Mexico Avg
0.59%
Effective rate
National Avg
1.10%
Effective rate
State Ranking
Property Tax Rank in New Mexico
Lower than 68% of ZIP codes in New Mexico(32th percentile, 227 ZIPs compared)
Property Tax Analysis
Property Tax Insights for ZIP 87042
Property owners in ZIP code 87042 (Peralta, New Mexico) pay a median of $1,211/year in property taxes on homes valued at $275,000. This translates to an effective tax rate of 0.44%, which is 25% below the New Mexico state average of 0.59%.
The monthly property tax burden for a median-valued home in 87042 is approximately $101, which factors into escrow payments on mortgages. This ZIP code is located within Valencia County.
Compared to similar ZIP codes in New Mexico, 87042 has higher property taxes. ZIP codes with similar effective rates include 88210 (0.44%) and 87567 (0.44%).
In Peralta, property taxes represent approximately 2.0% of the median household income of $61,181, providing context for the relative tax burden on homeowners in this area.
If you're considering purchasing a home in 87042, keep in mind that property taxes are based on the assessed value assigned by the local assessor, which may differ from the purchase price. In some states, properties are reassessed at or near the sale price upon transfer of ownership. For the most current tax information for a specific property, consult Valencia County's tax assessor directly.
Frequently Asked Questions
What is the property tax rate in ZIP code 87042?
How much are property taxes in Peralta, NM (87042)?
How does ZIP 87042 compare to the New Mexico average?
What is the median home value in ZIP 87042?
What county is ZIP code 87042 in?
Margin of Error
The median property tax estimate for this ZIP code has a margin of error of ±$233. ZCTA-level data has wider margins than county-level estimates due to smaller sample sizes.
County-Level Data
ZIP code 87042 is part of Valencia County, New Mexico. View the full county profile for broader context and more data.
View Valencia County on TaxByCounty →Why compare these ZIPs?
Better comparison set for ZIP 87042
Each ZIP highlights a homebuyer tradeoff: lower rate, stronger value context, shared county rules, city boundary changes, or nearby missing data.
88321
Encino, NM
$821,500 higher median home value than ZIP 87042.
Rate
0.77%
Tax
$8,465
Quality
69
87540
Lamy, NM
$410,900 higher median home value than ZIP 87042.
Rate
0.59%
Tax
$4,053
Quality
77
87501
Santa Fe, NM
0.00 percentage points lower than ZIP 87042.
Rate
0.44%
Tax
$2,831
Quality
94
87122
Albuquerque, NM
$339,200 higher median home value than ZIP 87042.
Rate
0.90%
Tax
$5,510
Quality
94
87048
Corrales, NM
$277,000 higher median home value than ZIP 87042.
Rate
0.65%
Tax
$3,569
Quality
84
87508
Santa Fe, NM
$254,000 higher median home value than ZIP 87042.
Rate
0.52%
Tax
$2,729
Quality
94
87516
Canones, NM
0.35 percentage points lower than ZIP 87042.
Rate
0.09%
Tax
$464
Quality
77
87506
Santa Fe, NM
$248,600 higher median home value than ZIP 87042.
Rate
0.52%
Tax
$2,748
Quality
94
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates (ZCTA level). ZIP Code Tabulation Areas (ZCTAs) are Census approximations of USPS ZIP codes.
Estimates are informational only and should not be used as financial or legal advice.