Property Tax in Colfax County
via TaxByCounty
Colfax tax rate runs slightly below national median
Colfax County's effective tax rate of 0.576% falls just under the national median of 0.595%, placing it nearly in line with the nation's typical experience. The median property tax of $927 remains far below the national median of $2,690, reflecting much lower median home values of $161,000.
Colfax sits near the middle of New Mexico rates
Colfax County's 0.576% effective rate is essentially in line with the state average of 0.595%, positioning it squarely in the mid-range of New Mexico counties. The median tax of $927 falls below the state average of $1,043, offering modest tax obligations within the state's context.
Colfax balances modest rates with nearby counties
Colfax County's 0.576% rate compares favorably to Cibola (0.819%) but sits above Catron (0.339%) and Curry (0.555%), reflecting its balanced position in regional tax dynamics. Its median home value of $161,000 keeps absolute tax burdens manageable across the northern region.
A $161,000 home costs $927 annually
The typical Colfax County homeowner with a median-valued property of $161,000 pays approximately $927 in annual property taxes. Those with mortgages pay more due to escrow arrangements, averaging around $1,080 per year.
Explore appeals to lower Colfax assessments
Many Colfax County homeowners may be overassessed and could benefit from appealing their property valuations to reduce annual tax bills. Filing an appeal is free and could yield measurable savings over time.