Cimarron, Colfax County, New Mexico Property Taxes

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

Median Cimarron, NM effective property tax rate: 0.86%, significantly lower than the national median of 1.02%, but aligns with the New Mexico state median of 0.86%. Median Cimarron, NM home value: $49,630. Median annual Cimarron, NM tax bill: $399, $2,001 lower than the national median property tax bill of $2,400. How are property taxes in Colfax County calculated? Property taxes in Cimarron, NM 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 Cimarron’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cimarron, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Cimarron, Colfax County, New Mexico Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.86%

Estimate Property Tax Bill

$427

$396

Ownwell’s Cimarron Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cimarron with just two data points. By entering your property's estimated assessed value, our calculator applies Cimarron’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 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 Cimarron, Colfax County, New Mexico

Local government entities are responsible for setting property tax rates, which can vary significantly within a state. Each year, counties estimate their required budget to provide services and then divide that by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the essence of the annual process. In Cimarron, located in Colfax County, NM, the effective property tax rate is 0.86%. This rate is below the national median property tax rate of 1.02%. Compared to other regions, Cimarron offers a more favorable tax environment, with the highest and lowest median tax rates in the area also at 0.86%. This consistency across the region could make Cimarron an attractive option for property owners seeking lower tax obligations. With the national median property tax bill at $2400, Cimarron's rates could result in significant savings.

Property Tax Rates Across Cimarron, 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 Cimarron Tax Rate

0.86%

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 Cimarron, Colfax County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
87714	0.65%	0.79%	0.86%	0.86%	0.90%
87710	N/A	N/A	N/A	N/A	N/A
87718	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Cimarron, Colfax County, New Mexico

When examining property taxes in Cimarron, NM, 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 April. 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 Cimarron. For example, the median home price in Cimarron is $49,630, with tax bills ranging significantly across the county. Zip code 87714 has the highest median home price at $49,836.

Property Tax Assessment Values Across Cimarron, Colfax County, New Mexico

Source: Ownwell

$38,745

$144,339

$249,932

Median Cimarron Market Value

$49,630

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 Cimarron, Colfax County, New Mexico

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
87714	$8,023	$18,646	$49,836	$84,662	$136,759
87710	N/A	N/A	N/A	N/A	N/A
87718	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Cimarron, Colfax County, New Mexico

In Cimarron, located in Colfax County, NM, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the local tax assessor and reflects a percentage of the property's market value. Homeowners in Cimarron experience a range of property tax bills, with the median tax bill being $401. This is significantly lower than the national median property tax bill of $2400, offering a more affordable tax environment for homeowners. Factors influencing the tax bill include property size, location, and improvements, which can lead to variations in assessed values. For example, the tax bill at the 25th percentile is $136, while at the 90th percentile, it reaches $1106. Ownwell assists homeowners by providing expert property tax appeal and exemption services. By identifying discrepancies in assessed values or ensuring eligibility for exemptions, Ownwell helps reduce tax liabilities, ultimately saving homeowners money. With Ownwell's support, navigating property taxes in Cimarron becomes less daunting and more cost-effective.

Property Tax Bills Across Cimarron, Colfax County, New Mexico

Source: Ownwell

$348

$1,351

$2,354

Median Cimarron Tax Bill

$399

Median Colfax County Tax Bill

$615

Median New Mexico Tax Bill

$1,192

Median United States Tax Bill

$2,400

Property Tax Bills Across Cimarron, Colfax County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
87714	$55	$140	$401	$698	$1,106
87710	N/A	N/A	N/A	N/A	N/A
87718	N/A	N/A	N/A	N/A	N/A

Source: Ownwell