Arrey, NM Property Tax Rates
Compare property tax rates across 1 ZIP code in Arrey, New Mexico.
Avg Tax Rate
0.71%
Avg Annual Tax
$1,613
Avg Home Value
$228,000
ZIP Codes
1
Property Tax Overview: Arrey, NM
Arrey has 1 ZIP code with property tax data. The average effective tax rate across these ZIPs is 0.71%, which is 20% above the New Mexico average of 0.59%.
For a home at Arrey's median value of $228,000, property taxes add approximately $134/month to housing costs. Arrey home values are close to the New Mexico median of $216,025.
ZIP Codes in Arrey, NM
| ZIP Code | Effective Rate | Median Tax | Median Home Value |
|---|---|---|---|
| 87930 | 0.71% | $1,613 | $228,000 |
Arrey vs New Mexico Average
Effective Tax Rate
20% above state average
Annual Property Tax
Median Home Value
Frequently Asked Questions
What is the average property tax rate in Arrey, NM?
The average effective property tax rate in Arrey, New Mexico is 0.71%, based on 1 ZIP code.
How much is property tax in Arrey, NM?
The average median annual property tax in Arrey is $1,613 per year, with a median home value of $228,000.
Which ZIP code in Arrey has the lowest property tax rate?
ZIP code 87930 has the lowest effective tax rate in Arrey at 0.71%, with a median annual tax of $1,613.
How many ZIP codes are in Arrey, NM?
Arrey, New Mexico has 1 ZIP code with property tax data available.
Which ZIP code in Arrey has the highest property tax rate?
ZIP code 87930 has the highest effective tax rate in Arrey at 0.71%, with a median annual tax of $1,613.
How do Arrey property taxes compare to the New Mexico average?
Arrey's average effective rate of 0.71% is 20% above the New Mexico state average of 0.59%.
What factors affect property tax rates between ZIP codes in Arrey?
Property tax rate differences within Arrey are typically driven by school district boundaries (which can account for 40–60% of a tax bill), special assessment zones for fire, water, or transit services, and whether a ZIP falls within city limits or an unincorporated area. Each taxing jurisdiction sets its own rate, which is why adjacent ZIP codes can have noticeably different effective rates.
Tips for Arrey Homeowners
- •Appeal your assessment: If your home is assessed higher than its market value, you can file a property tax appeal. Studies suggest 30–60% of properties are over-assessed. Most counties offer a free informal review process.
- •Check your exemptions: Homestead exemptions can reduce your taxable value and are available to primary residents in most states. Senior, veteran, and disability exemptions may also apply. Exemptions must typically be applied for — they are not automatic.
- •Know your assessment cycle: New Mexico reassesses properties periodically. After buying a home, your next tax bill may reflect a new assessment based on your purchase price. Budget accordingly, especially if you bought above prior assessed values.
- •Compare ZIP codes before buying: Even within Arrey, effective tax rates can vary significantly across ZIP codes due to different school district overlays. Use PropertyTaxByZip to compare specific ZIPs before choosing a neighborhood.
Other Cities in New Mexico
Looking for county-level property tax data? View Sierra County on TaxByCounty.com
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates (ZCTA level). ZIP Code Tabulation Areas (ZCTAs) are Census approximations of USPS ZIP codes.
Estimates are informational only and should not be used as financial or legal advice.