Colfax County, New Mexico Property Taxes

Name: Property Tax Bills Across Colfax County, New Mexico
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Colfax County effective property tax rate: 0.76%, significantly lower than the national median of 1.02%.
Median Colfax County home value: $80,911
Median annual Colfax County tax bill: $615, $1,785 lower than the national median property tax bill of $2,400.

How are property taxes in Colfax County calculated?

Property taxes in Colfax County are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Raton or another part of Colfax County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Colfax County, New Mexico Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.76%

Estimate Property Tax Bill

$615

$571

Ownwell’s Colfax County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Colfax County with just two data points. By entering your property's estimated assessed value, our calculator applies Colfax County’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Colfax County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Colfax County, New Mexico

Local government entities determine tax rates, which can vary significantly within a state. This is because each county annually estimates its required budget for services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

In Colfax County, the effective property tax rate is notably lower than the national median rate of 1.02%. Within New Mexico, Colfax County's rate is among the lower end, with the lowest rate found in Ute Park and the highest in Springer. This variation highlights the importance of understanding local tax dynamics when evaluating property tax obligations.

Comparing Colfax County's rate to the national median, homeowners in the area benefit from relatively lower property tax bills, making it an attractive location for property owners. This lower tax burden can enhance affordability and potentially increase the appeal of investing in real estate within the county. Understanding these nuances can be crucial for homeowners and investors alike when making property-related decisions.

Property Tax Rates Across Colfax County, New Mexico

Source: Ownwell

0.67%

0.85%

1.03%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Colfax County Tax Rate

0.76%

Median Effective New Mexico Tax Rate

0.86%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Colfax County, New Mexico

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Angel Fire	0.67%	1.00%	1.00%	1.00%	1.00%
Cimarron	0.65%	0.79%	0.86%	0.86%	0.90%
Eagle Nest	0.67%	0.67%	0.67%	0.73%	0.73%
Maxwell	0.71%	0.79%	0.99%	1.08%	1.08%
Miami	0.60%	0.74%	0.81%	0.82%	0.82%
Raton	0.52%	0.62%	0.76%	0.76%	0.77%
Springer	0.68%	0.82%	1.03%	1.03%	1.03%
Ute Park	0.67%	0.67%	0.67%	0.67%	0.67%
Gladstone	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Colfax County, New Mexico

When examining property taxes in Colfax County, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Colfax County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Colfax County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Colfax County.

For example, the median tax bill in Colfax County is $1,398, with tax bills ranging significantly across the county. Angel Fire has the highest median home price at $249,902.

Property Tax Assessment Values Across Colfax County, New Mexico

Source: Ownwell

$38,745

$144,339

$249,932

Median Colfax County Market Value

$80,911

Median New Mexico Market Value

$121,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Colfax County, New Mexico

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Angel Fire	$65,475	$119,985	$249,902	$366,108	$510,636
Cimarron	$7,649	$18,376	$49,630	$84,516	$136,274
Eagle Nest	$16,941	$40,072	$73,057	$138,821	$238,748
Maxwell	$4,348	$14,652	$38,528	$67,164	$107,273
Miami	$27,651	$55,521	$67,816	$145,983	$180,814
Raton	$10,060	$32,179	$60,938	$99,867	$160,065
Springer	$8,293	$24,528	$45,138	$66,841	$92,799
Ute Park	$31,944	$56,132	$80,869	$121,792	$189,305
Gladstone	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Colfax County, New Mexico

In Colfax County, NM, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in the county is $80,911. Property tax rates are applied to this assessed value to determine the tax bill. The tax bill in Colfax County can vary significantly, with the 25th percentile at $291 and the 75th percentile at $1,398. At the 90th percentile, homeowners might pay up to $3,244. This range indicates the variability in property values and tax burdens within the county. Angel Fire has the highest median tax bill at $2,354, which is still below the national median of $2,400, while Maxwell has the lowest at $347. These variations affect homeowners differently, depending on their property's location and value. Understanding these factors is crucial for homeowners to anticipate their property tax obligations and manage their financial planning effectively.

Property Tax Bills Across Colfax County, New Mexico

Source: Ownwell

$348

$1,351

$2,354

Median Colfax County Tax Bill

$615

Median New Mexico Tax Bill

$1,192

Median United States Tax Bill

$2,400

Property Tax Bills Across Colfax County, New Mexico

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Angel Fire	$603	$1,011	$2,354	$3,502	$4,893
Cimarron	$54	$136	$399	$695	$1,106
Eagle Nest	$104	$264	$492	$957	$1,717
Maxwell	$38	$119	$347	$617	$906
Miami	$192	$387	$551	$1,125	$1,460
Raton	$54	$205	$420	$687	$1,053
Springer	$47	$198	$411	$620	$915
Ute Park	$212	$376	$543	$818	$1,271
Gladstone	N/A	N/A	N/A	N/A	N/A

Source: Ownwell