Coyote, NM — income, home value, property tax, and sales tax.
In ZIP code 87029, near Coyote, homes carry a median value of $117,200, and the county's 0.42% effective property tax rate means an owner of such a home pays roughly $492 a year in property taxes. With median household income at $70,435 and per-capita income at $43,175, that tax bill takes up well under one percent of a household's annual earnings. A combined sales tax rate of 4.88% applies to purchases in the area. The gap between local home prices and area incomes means buying here requires less income than in many parts of the country.
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