Albuquerque, NM — income, home value, property tax, and sales tax.
In ZIP code 87101, part of Albuquerque, the county-level effective property tax rate sits at 0.90%. That rate applies to whatever a home is worth, so the actual tax bill shifts with local property values rather than staying fixed. Combined with a sales tax rate of 4.88%, housing costs here involve both a recurring ownership expense and a higher cost at the register for everyday purchases. What a household earns matters as much as the rate itself, since income determines how much of each paycheck goes toward property taxes and sales taxes alike.