Tax Burden in ZIP Code 87501
Santa Fe, NM — Santa Fe County
At the median income of $55,000, the estimated total tax burden in ZIP 87501 is $14,779 (26.9% effective rate), including federal income tax, FICA, and property tax.
Federal Tax (est.)
$7,700
FICA
$4,208
Property Tax
$2,871
Total Tax Burden
$14,779
26.9% effective
Tax Details for ZIP 87501
ZIP code 87501 is located in Santa Fe County, NM, within the Santa Fe MSA metropolitan area. The area has a cost of living index of 108 (100 = national average), close to the national average.
The effective property tax rate is 0.58%. On the median home price of $495,000, this equals $2,871 per year ($239/month).
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