88426 Property Tax Rate

Property owners in ZIP code 88426 (Logan, New Mexico) pay a median of $450/year in property taxes on homes valued at $112,600. This translates to an effective tax rate of 0.40%, which is 32% below the New Mexico state average of 0.59%.

The monthly property tax burden for a median-valued home in 88426 is approximately $38, which factors into escrow payments on mortgages. This ZIP code is located within Harding County. This is $692 less than the New Mexico average of $1,142/year.

Compared to similar ZIP codes in New Mexico, 88426 has lower property taxes. ZIP codes with similar effective rates include 87535 (0.40%) and 87510 (0.40%).

In Logan, property taxes represent approximately 1.5% of the median household income of $29,891, providing context for the relative tax burden on homeowners in this area.

New Mexico imposes no property tax cap on reassessment; Harding County will assess your property at market value following sale. Harding County offers Homestead and Senior Exemptions that reduce assessed value for primary residences — file applications with the Harding County Assessor's office immediately after purchase with proof of residency and age documentation. Request confirmation from the Harding County Assessor that your exemption was recorded on your tax account before the first bill is issued.