87547 Property Tax Rate

Property owners in ZIP code 87547 (White Rock, New Mexico) pay a median of $2,567/year in property taxes on homes valued at $460,100. This translates to an effective tax rate of 0.56%, which is 5% below the New Mexico state average of 0.59%.

The monthly property tax burden for a median-valued home in 87547 is approximately $214, which factors into escrow payments on mortgages. This ZIP code is located within Los Alamos County. This is $1,425 more than the New Mexico average of $1,142/year.

Compared to similar ZIP codes in New Mexico, 87547 has lower property taxes. ZIP codes with similar effective rates include 87740 (0.56%) and 87746 (0.56%).

In White Rock, property taxes represent approximately 1.7% of the median household income of $150,714, providing context for the relative tax burden on homeowners in this area.

New Mexico reassesses property at sale price with no statewide cap; Los Alamos County will establish a new assessed value based on your purchase price. Los Alamos County provides Homestead Exemptions and Senior/Disabled Exemptions for primary residents — file your application with the Los Alamos County Assessor's office within 30 days of closing with proof of residency and age/disability documentation. Request a certificate of exemption from the Los Alamos County Assessor to confirm the exemption reduces your taxable value.