Colfax County, New Mexico Property Taxes
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
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.76%
Estimate Property Tax Bill
$615
$571
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.
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%
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 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% |
Gladstone | N/A | N/A | N/A | N/A | N/A |
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% |
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 |
Gladstone | N/A | N/A | N/A | N/A | N/A |
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 |
Source: Ownwell
Property Tax Bills Across Colfax County, New Mexico
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 |
Gladstone | N/A | N/A | N/A | N/A | N/A |
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 |
Source: Ownwell