Algodones, NM — income, home value, property tax, and sales tax.
In ZIP code 87041, near Algodones, homes carry a median value of $220,000, and the county-level property tax rate of 0.73% works out to roughly $1,606 a year on such a home. With median household income at $80,662, that tax equals about 2% of annual earnings — a share many households can absorb without straining. Per-capita income sits at $35,249, so individual earnings vary widely across the area. A combined sales tax of 4.88% applies to purchases. Together, these figures point to a housing market where ownership costs stay within reach of local wages.
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