87538 Property Tax Rate
Ilfeld, New Mexico · Part of San Miguel County
Effective Tax Rate
0.23%
50.4% below state avgMedian Annual Tax
$567
$47/mo escrow
Estimate Your Tax
Annual Tax
$567
Monthly
$47
Eff. Rate
0.23%
How ZIP 87538 Compares
Median Annual Property Tax
ZIP 87538
0.23%
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 95% of ZIP codes in New Mexico(5th percentile, 227 ZIPs compared)
Property Tax Analysis
Property Tax Insights for ZIP 87538
Property owners in ZIP code 87538 (Ilfeld, New Mexico) pay a median of $567/year in property taxes on homes valued at $251,300. This translates to an effective tax rate of 0.23%, which is 62% below the New Mexico state average of 0.59%.
The monthly property tax burden for a median-valued home in 87538 is approximately $47, which factors into escrow payments on mortgages. This ZIP code is located within San Miguel County. This is $575 less than the New Mexico average of $1,142/year.
Compared to similar ZIP codes in New Mexico, 87538 has lower property taxes. ZIP codes with similar effective rates include 87061 (0.22%) and 87830 (0.23%).
New Mexico imposes no property tax cap on reassessment; San Miguel County will assess your property at market value following purchase. San Miguel County offers Homestead Exemptions and Senior/Disabled Exemptions that reduce assessed value for primary residences — apply with the San Miguel County Assessor's office immediately after closing. Contact the San Miguel County Assessor to confirm the exemption deadline and verify the exemption was applied before you receive your first tax bill.
Frequently Asked Questions
What is the property tax rate in ZIP code 87538?
How much are property taxes in Ilfeld, NM (87538)?
How does ZIP 87538 compare to the New Mexico average?
What is the median home value in ZIP 87538?
What county is ZIP code 87538 in?
Margin of Error
The median property tax estimate for this ZIP code has a margin of error of ±$558. ZCTA-level data has wider margins than county-level estimates due to smaller sample sizes.
County-Level Data
ZIP code 87538 is part of San Miguel County, New Mexico. View the full county profile for broader context and more data.
View San Miguel County on TaxByCounty →Similar ZIP Codes in New Mexico
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.