Algodones, NM — income, home value, property tax, and sales tax.
In ZIP code 87053, near Algodones, homes carry a median value of $196,900 while the county's effective property tax rate sits at 0.73%. That combination yields an annual property tax bill of roughly $1,437. Households here earn a median of $52,857, so property taxes absorb about 2.7% of that income. Per-capita income reaches $19,184. A 4.88% combined sales tax applies to purchases as well. Buyers weighing a move here will find home prices that outpace what many local earnings can support, making the tax rate's low level only part of the affordability picture.
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