ZIP Code 87501

In ZIP code 87501, which covers Santa Fe, homes carry a median value of $673,100 while the county's effective property tax rate sits at 0.48%. That combination yields an annual tax bill of roughly $3,231 before any exemptions. Households here earn a median of $79,603, and per-capita income reaches $73,074, so property taxes absorb about 4% of a typical household's yearly earnings — a meaningful share, though the low rate keeps it from climbing higher. Sales taxes add 8.19% at checkout. The gap between high home values and moderate earnings shapes how far each paycheck stretches.