Farmington, NM — income, home value, property tax, and sales tax.
In ZIP code 87413, which takes in Farmington, homes carry a median value of $176,000 while the county-level property tax rate sits at 0.68%. That rate works out to roughly $1,197 a year on a home at the median value — a figure that lands against a median household income of $49,869 and per-capita income of $25,420. Sales taxes in the area combine to 8.38%. Buyers weighing a purchase here can see how the property levy compares with what local households earn, and how the sales tax factors into everyday costs.
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