88119 Property Tax Rate

Property owners in ZIP code 88119 (Fort Sumner, New Mexico) pay a median of $1,000/year in property taxes on homes valued at $165,400. This translates to an effective tax rate of 0.60%, which is near the New Mexico state average of 0.59%.

The monthly property tax burden for a median-valued home in 88119 is approximately $83, which factors into escrow payments on mortgages. This ZIP code is located within De Baca County.

Compared to similar ZIP codes in New Mexico, 88119 has higher property taxes. ZIP codes with similar effective rates include 88044 (0.60%) and 87416 (0.61%).

In Fort Sumner, property taxes represent approximately 2.7% of the median household income of $37,361, 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 — expect your first tax bill to reflect the county's assessment of your purchase price. De Baca County provides a homestead exemption for primary residences; file your application with the De Baca County Assessor within 30 days of closing to claim the exemption and lower your taxable value. Request written confirmation of your exemption status to ensure it is reflected on your next assessment notice.