Eagle Nest, Colfax County, New Mexico Property Taxes

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

Median Eagle Nest, NM effective property tax rate: 0.67%, significantly lower than the national median of 1.02%, but lower than the New Mexico state median of 0.86%.
Median Eagle Nest, NM home value: $73,057
Median annual Eagle Nest, NM tax bill: $492, $1,908 lower than the national median property tax bill of $2,400.

How are property taxes in Colfax County calculated?

Property taxes in Eagle Nest, 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 Eagle Nest’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Eagle Nest, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Eagle Nest, Colfax County, New Mexico Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.67%

Estimate Property Tax Bill

$489

$454

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

Local government entities set property tax rates, which can differ significantly within a state. Each year, counties estimate the budget required to deliver services and divide this by the total value of all taxable properties in their jurisdiction, resulting in the property tax rate. Though setting tax rates and budgets involves votes and laws, this annual calculation forms the core process. In Eagle Nest, located in Colfax County, the effective property tax rate is 0.67%, which aligns with both the highest and lowest rates in the area. This rate is notably below the national median property tax rate of 1.02%. Comparing Eagle Nest's property tax rate to the national average highlights potential savings for property owners in this region. While the median property tax rate in New Mexico is lower than the national figure, it’s important for property owners to consider these rates when evaluating their overall property tax liability. Whether you're a property owner or prospective buyer, understanding these differences can offer valuable insights into potential costs.

Property Tax Rates Across Eagle Nest, 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 Eagle Nest Tax Rate

0.67%

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 Eagle Nest, Colfax County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
87718	0.67%	0.67%	0.67%	0.73%	0.73%
87710	N/A	N/A	N/A	N/A	N/A
87714	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Eagle Nest, Colfax County, New Mexico

When examining property taxes in Eagle Nest, 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 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.

Assessment notices: 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 Eagle Nest.

For example, the median home price in Eagle Nest is $73,057, with tax bills ranging significantly across the county. Zip code 87718 has the highest median home price at $72,616.

Property Tax Assessment Values Across Eagle Nest, Colfax County, New Mexico

Source: Ownwell

$38,745

$144,339

$249,932

Median Eagle Nest Market Value

$73,057

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 Eagle Nest, Colfax County, New Mexico

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
87718	$16,838	$40,030	$72,616	$138,710	$238,609
87710	N/A	N/A	N/A	N/A	N/A
87714	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Eagle Nest, Colfax County, New Mexico

In Eagle Nest, property tax bills are calculated based on the assessed value of a home, which is determined by the Colfax County Assessor's office. The median home price in this area is $73,057. Homeowners typically see their property tax bills range from $264 at the 25th percentile to $957 at the 75th percentile, with the 90th percentile reaching up to $1,717. The median property tax bill in the 87718 zip code stands at $490, which is significantly lower than the national median of $2,400. Factors influencing these bills include property size, location, and improvements.

For homeowners seeking to reduce their property tax burden, Ownwell offers valuable assistance. By analyzing property data and identifying discrepancies in assessed values, Ownwell can help homeowners file successful appeals or apply for eligible exemptions. This service not only ensures fair taxation but also maximizes potential savings, providing homeowners with peace of mind and financial relief.

Property Tax Bills Across Eagle Nest, Colfax County, New Mexico

Source: Ownwell

$348

$1,351

$2,354

Median Eagle Nest Tax Bill

$492

Median Colfax County Tax Bill

$615

Median New Mexico Tax Bill

$1,192

Median United States Tax Bill

$2,400

Property Tax Bills Across Eagle Nest, Colfax County, New Mexico

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
87718	$102	$262	$490	$954	$1,716
87710	N/A	N/A	N/A	N/A	N/A
87714	N/A	N/A	N/A	N/A	N/A

Source: Ownwell