87311 Property Tax Rate

Property owners in ZIP code 87311 (Church Rock, New Mexico) pay a median of $415/year in property taxes on homes valued at $39,100. This translates to an effective tax rate of 1.06%, which is 80% above the New Mexico state average of 0.59%.

The monthly property tax burden for a median-valued home in 87311 is approximately $35, which factors into escrow payments on mortgages. This ZIP code is located within McKinley County. This is $727 less than the New Mexico average of $1,142/year.

Compared to similar ZIP codes in New Mexico, 87311 has higher property taxes. ZIP codes with similar effective rates include 87102 (1.07%) and 87123 (1.05%).

In Church Rock, property taxes represent approximately 1.3% of the median household income of $32,917, providing context for the relative tax burden on homeowners in this area.

If you're considering purchasing a home in 87311, 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 McKinley County's tax assessor directly.