Coyote, NM — income, home value, property tax, and sales tax.
In ZIP code 87577, near Coyote, the county's effective property tax rate of 0.42% applies to whatever a home is worth there. With per-capita income at just $9,441, even that low rate can weigh heavily: a $100,000 home would generate roughly $420 in annual property taxes, a meaningful sum against such limited earnings. Sales taxes add another 4.88% to most purchases, trimming spending power further. Together, these figures point to a place where homeownership costs stay tied closely to income, and where each dollar of local tax has an outsized effect on household finances.