Black Hat, Mckinley County, New Mexico Property Taxes
Property Taxes in Black Hat, New Mexico
Median Black Hat, New Mexico effective property tax rate: 0.97%, lower than the national median of 1.02%, and higher than the New Mexico state median of 0.85%.
Median Black Hat, New Mexico home value: $60,010
Median annual Black Hat, New Mexico tax bill: $501, lower than the national median property tax bill of $2,400.
How are property taxes in McKinley calculated?
Property taxes in Black Hat, New Mexico 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 Black Hat's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Black Hat, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Black Hat, Mckinley County, New Mexico Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.97%
Estimate Property Tax Bill
$582
$540
How Does the Black Hat Property Tax Calculator Work?
Use this Black Hat property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Black Hat's median effective tax rate of 0.97% — based on actual property records in McKinley County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment office uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Black Hat's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Black Hat: rates range from 0.97% in 87301 to 0.97% in 87301, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Black Hat.
About Black Hat Property Taxes
About Property Taxes in Black Hat, McKinley, New Mexico
Black Hat's median effective property tax rate of 0.97% is lower than the New Mexico state median of 0.85% and lower than the national median of 1.02%. This rate reflects the McKinley County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Black Hat. Homeowners in the 87301 ZIP code carry a median effective rate of 0.97%, while those in the 87301 pay 0.97%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across McKinley County. Understanding which part of Black Hat you live in can make a meaningful difference to your annual tax bill.
Black Hat homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the May 1, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Black Hat, Mckinley County, New Mexico
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Black Hat's effective property tax rate to other cities in New Mexico and the median property tax rates in New Mexico and the U.S.
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 Black Hat Tax Rate
0.97%
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 Mckinley County Tax Rate
1.18%
Median Effective New Mexico Tax Rate
0.85%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Black Hat, Mckinley County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87301 | 0.51% | 0.88% | 0.97% | 0.97% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Black Hat, Mckinley County, New Mexico
When examining property taxes in Black Hat, New Mexico, 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 McKinley County appraisal district 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 McKinley County, assessment notices are sent in April 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. The median home price in Black Hat is $60,010, with tax bills ranging significantly across the county. ZIP code 87301 has the highest median home price at $60,010.
Property Tax Assessment Values Across Black Hat, Mckinley County, New Mexico
Source: Ownwell
$12,430
$86,760
$161,090
Median Black Hat Market Value
$60,010
Median Mckinley County Market Value
$81,525
Median New Mexico Market Value
$129,686
Median United States Market Value
$235,294
Property Tax Assessment Values Across Black Hat, Mckinley County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87301 | $6,712 | $22,020 | $60,010 | $127,503 | $174,183 |
Source: Ownwell
Property Tax Bills Across Black Hat, Mckinley County, New Mexico
Black Hat property tax bills are calculated by applying the local tax rate to the assessed value of a home, not its market price alone. The assessed value is based on how the property is classified and valued for tax purposes, and local taxing authorities use that figure to determine what each homeowner owes.
Several factors can affect the final bill, including the home’s assessed value, the tax rate set by local governments, and any exemptions that may reduce the amount due. With a median home price of $60,010, property taxes in this area can still vary widely from one homeowner to another.
The median property tax bill in McKinley County is $501, which is well below the national median property tax bill of $2,400. For homeowners, that means property taxes may be a smaller part of housing costs than in many other parts of the country, though changes in assessed value can still raise the bill over time.
Median Black Hat Tax Bill
$501
Median Mckinley County Tax Bill
$910
Median New Mexico Tax Bill
$1,249
Median United States Tax Bill
$2,400
Property Tax Bills Across Black Hat, Mckinley County, New Mexico
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 87301 | $176 | $366 | $501 | $1,342 | $1,680 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 1 |
Links | |
|---|---|
| McKinley Tax Assessor | |
| Website | eagleweb.co.mckinley.nm.us |