88101 Property Tax Rate

Property owners in ZIP code 88101 (Clovis, New Mexico) pay a median of $937/year in property taxes on homes valued at $162,400. This translates to an effective tax rate of 0.58%, which is near the New Mexico state average of 0.59%.

The monthly property tax burden for a median-valued home in 88101 is approximately $78, which factors into escrow payments on mortgages. This ZIP code is located within Curry County. This is $205 less than the New Mexico average of $1,142/year.

Compared to similar ZIP codes in New Mexico, 88101 has higher property taxes. ZIP codes with similar effective rates include 88267 (0.58%) and 87323 (0.58%).

In Clovis, property taxes represent approximately 1.7% of the median household income of $55,349, providing context for the relative tax burden on homeowners in this area.

New Mexico reassesses property at market value upon sale, with no statewide cap on increases — contact the Curry County Assessor to understand your property's assessed value immediately after closing. Curry County offers a general homestead exemption; file with the Curry County Assessor's office to determine your eligibility and the exemption amount applied to your home. Request a copy of your property assessment card and verify the taxable value on your first tax bill to confirm the exemption was applied correctly.