New Mexico Property Taxes Lower Than The National Average
When looking for the best place to invest in real estate, most people take into account the amount of money they'll have to pay each year in property taxes. For anyone thinking about purchasing ranch land, New Mexico is a great place to consider. One reason for this is because New Mexico property taxes are far lower than the national average. In fact, a recent article in Money magazine listed New Mexico among the ten least expensive states in the nation when it comes to property tax rates. Lower property taxes means more of your hard-earned money will remain where it belongs - in your pocket.
New Mexico is well-known for its beautiful desert scenery and relaxed lifestyle. However, what most people don't know is that the state also has some of the lowest property taxes in the nation. The amount you'll have to pay in New Mexico property taxes will depend on the type and location of the property you buy, but the statewide average property tax rate is $26.47 per $1,000 of net taxable value for residential property. The non-residential property tax rate ranges from $11 to $48. In addition, residents over 65 years of age may be eligible for a property tax rebate - making New Mexico even more affordable for retirees.
The Brooks Companies offers large parcels of land at its Highland Springs Ranch near Socorro, New Mexico. Nestled at the base of the scenic Magdalena Mountains, Highland Springs Ranch offers pristine land at affordable prices - and with surprisingly low property tax rates. If you've been dreaming of retiring or relocating to beautiful New Mexico, contact The Brooks Companies at 877-468-9802 today to learn about the picturesque ranch land available in breathtaking Socorro County. We offer an industry leading 100% money back guarantee, as well as exceptionally low prices and guaranteed financing.