87569 Property Tax Rate

Property owners in ZIP code 87569 (Serafina, New Mexico) pay a median of $605/year in property taxes on homes valued at $187,300. This translates to an effective tax rate of 0.32%, which is 45% below the New Mexico state average of 0.59%.

The monthly property tax burden for a median-valued home in 87569 is approximately $50, which factors into escrow payments on mortgages. This ZIP code is located within San Miguel County. This is $537 less than the New Mexico average of $1,142/year.

Compared to similar ZIP codes in New Mexico, 87569 has higher property taxes. ZIP codes with similar effective rates include 88232 (0.32%) and 88252 (0.32%).

In Serafina, property taxes represent approximately 0.7% of the median household income of $89,112, providing context for the relative tax burden on homeowners in this area.

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.