87417 Property Tax Rate

Property owners in ZIP code 87417 (Kirtland, New Mexico) pay a median of $885/year in property taxes on homes valued at $180,400. This translates to an effective tax rate of 0.49%, which is 17% below the New Mexico state average of 0.59%.

The monthly property tax burden for a median-valued home in 87417 is approximately $74, which factors into escrow payments on mortgages. This ZIP code is located within San Juan County. This is $257 less than the New Mexico average of $1,142/year.

Compared to similar ZIP codes in New Mexico, 87417 has lower property taxes. ZIP codes with similar effective rates include 88312 (0.49%) and 87511 (0.49%).

In Kirtland, property taxes represent approximately 1.4% of the median household income of $65,396, providing context for the relative tax burden on homeowners in this area.

New Mexico has no property tax cap; your home will be reassessed at sale price, and San Juan County will establish a new tax basis on the purchase price. San Juan County offers Homestead Exemptions and Senior/Disabled Exemptions that reduce assessed value — apply with the San Juan County Assessor's office immediately after purchase with proof of residency. File your exemption claim before the assessment roll closes to avoid paying tax on the full purchase price.