Farmington, NM Chamber of Commerce

Housing Information

Cost of Living Index

Metropolitan Area ACCRA

2009 1st Quarter
(U.S. Average = 100)

New York, NY 219.3
Orlando, FL 98.2
St. George, UT 97.0
Denver, CO 101.9
Prescott, AZ 105.9
Albuquerque, NM 98.0
Riverside, CA 128.0
Dallas, TX 92.9
Orange County CA 145.5
Farmington, NM 96.7

Gross Sales Receipts

City Share 1.1875%
San Juan County Share 0.6875%
State Share 5.0000%
SJRMC 0.1250%
Total Gross Receipts Tax 7.0000%

Property Tax

	Residential	Non-Residential
Farmington	0.022624 mil	0.264980 mil
Bloomfield	0.026665 mil	0.030772 mil
Aztec	0.021545 mil	0.026297 mil

Full value is the value determined by the appraiser.
Taxable Value is 1/3 (33.33%). Tax Rate is expressed in dollars of tax per thousand dollars of Taxable Value.
EXAMPLE: Full Value = $100,000.00
Taxable Value = $33,330.00 ($100.00.00 X 33.33%)
Tax Rate for this example only = 22 mils
Property Tax due would be $754 ($33,330.00 X .022)

Housing in San Juan County as of June 2009

Single and Multiple parcles with structures:30,257
Mobile Homes: 12,135 parcels
Commercial (including agriculture land) and vacant parcels: 13,107
Total parcels: 55,499

Rental Rates as of June 2009

Apartments: 1-BR, $550 and up; 2-BR, $650 and up; 3-BR, $925 and up.

Houses: 2-BR, $635 and up; 3-BR, $1,100 and up.

In Farmington the average sold price of a home is $200,940 and the median sold price is $174.900.

For information on low-income housing, contact: San Juan County Housing Authority
7450 E Main Street 327-5654

Realtors

Farmington Chamber of Commerce Members Only
¤¤Denotes property managment