87821 Property Tax Rate

Property owners in ZIP code 87821 (Datil, New Mexico) pay a median of $845/year in property taxes on homes valued at $233,800. This translates to an effective tax rate of 0.36%, which is 39% below the New Mexico state average of 0.59%.

The monthly property tax burden for a median-valued home in 87821 is approximately $70, which factors into escrow payments on mortgages. This ZIP code is located within Catron County. This is $297 less than the New Mexico average of $1,142/year.

Compared to similar ZIP codes in New Mexico, 87821 has higher property taxes. ZIP codes with similar effective rates include 87036 (0.36%) and 87941 (0.36%).

In Datil, property taxes represent approximately 1.4% of the median household income of $58,598, providing context for the relative tax burden on homeowners in this area.

New Mexico reassesses property at sale price with no statewide cap; Catron County will establish a new tax basis on your purchase price. Catron County provides Homestead and Senior Exemptions for primary residents — apply with the Catron County Assessor's office within 30 days of closing with proof of residency and ownership. Contact the Catron County Assessor to confirm filing deadlines and verify the exemption was recorded on your assessment before paying your first tax bill.