Taos County Real Estate and Livability Trends
Taos County, New Mexico has experienced notable increases in average taxable income, rising from $39,163.22 in 2013 to $57,242.26 in 2021, accompanied by a climb in state and local income taxes. The median home value has also surged from $216,200 in 2015 to $313,400 in 2022, outpacing broader trends. These changes suggest improved economic conditions and higher property values. The county's... Read more
Taos County Market Trends
In Taos County, New Mexico, the median home value has surged from $216,200 in 2015 to $313,400 in 2022, outpacing both state and national trends. Residential energy tax credits have fluctuated, peaking at $2,394.74 in 2019, highlighting growing investments in energy efficiency. Real estate taxes have also escalated from $2,017.98 in 2012 to $3,470.77 in 2021, likely reflecting higher property... Read more
Median Value of Occupied Housing Units in Taos County, New Mexico Over the Last 8 Years
In Taos County, New Mexico, the median home value has seen a substantial increase over the past 8 years, rising from $216,200 in 2015 to $313,400 in 2022. This local growth has outpaced both state and national trends, with New Mexico seeing more modest appreciation from $160,300 to $216,000 and the United States going from $125,500 to $179,400 in the same period. For those considering investing, moving, or building property in Taos County, the faster-than-average rise in home values could suggest a thriving market with potentially strong future returns.
Residential Energy Tax Credit Per Tax Return in Taos County, NM Over the Last 9 Years
Over the past nine years, average residential energy tax credits per tax return in Taos County, New Mexico have seen significant fluctuations, with a notable peak at $2,394.74 in 2019. A consistent upward trend from 2013's $890.63 to 2018's high of $2,300 suggests increasing investments in energy-efficient home improvements. However, the drop in 2020 to $1,061.90 indicates some variability or potential policy impact. For investors, homeowners, and real estate professionals, this trend may reflect growing awareness and incentives for sustainable living, potentially affecting property valuations and energy-related upgrades.
Average Real Estate Taxes Per Tax Return in Taos County, NM Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Taos County, New Mexico have roughly increased from $2,017.98 in 2012 to $3,470.77 in 2021. This upward trend may reflect rising property values and possibly increasing local government expenditures. For investors and homeowners, this means preparation for gradually higher expenses. Real estate agents and appraisers could find these figures illustrative of the market's evolving dynamics, while insurance agents should consider these trends when assessing overall housing costs.
Percentage of Farm Returns in Taos County, NM Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Taos County, New Mexico has shown a slight but noticeable decline. In 2012, around 2.20% of tax returns were farm-related, gradually dropping to about 1.97% by 2021. This downward trend may suggest changes in local agricultural activities or shifts in economic focus. For investors or property developers, understanding these trends can provide insights into economic opportunities or the need for diversification in land use and business strategies. In context, farm tax returns represent the percentage of tax filings that report farm income, reflecting the economic footprint of farming in the area.
Number of Mortgages by Occupancy Type in Taos County, NM Over the Last 5 Years in Taos County
Taos County, New Mexico has seen a notable increase in the number of mortgages across all occupancy types over the last five years, with a particularly significant rise in principal residence mortgages from 801 in 2018 to 1442 in 2021. Investment properties have grown relatively modestly, while second residences showed a marked spike in 2021 with 367 mortgages compared to 175 in 2019. These shifts in occupancy types can matter greatly; for investors, a growing demand for principal and second residences might indicate a robust market and potential for property value appreciation. Conversely, homebuyers and movers might be interested in these trends to gauge competition and housing availability. Real estate agents, appraisers, and insurance agents could also find these changes critical for pricing strategies, property assessments, and risk evaluations.
Economic Outlook
Taos County, New Mexico has seen an upward trend in average taxable income per tax return from $39,163.22 in 2013 to $57,242.26 in 2021. Correspondingly, the average state and local income taxes per tax return have increased from $4,408.18 in 2012 to $8,708.20 in 2021, with a notable jump between 2017 and 2018. This has led to an overall rising trend in average total tax liability per tax return, peaking at $9,037.69 in 2021. These trends suggest improved economic conditions, higher earning... Read more
Average Taxable Income per Tax Return in Taos County, NM over the last 9 years
Over the past nine years, Taos County, New Mexico has seen a general upward trend in average taxable income per tax return, starting from $39,163.22 in 2013 and reaching a peak of $57,242.26 in 2021. Notably, there was a sharper increase in the most recent years, with a significant jump between 2020 and 2021. These rising income levels could indicate improved economic conditions and increased earning potential in the area, making it an attractive spot for investors, property developers, and real estate agents. This trend may also reflect on property valuations and the overall cost of living in Taos County, hinting at potential growth and development opportunities.
Average State and Local Income Taxes Per Tax Return in Taos County, NM Over the Last 10 Years
Taos County, New Mexico has seen a notable increase in average state and local income taxes per tax return over the past decade. Starting from $4,408.18 in 2012, these taxes have climbed to $8,708.20 by 2021, with a significant jump observed between 2017 and 2018, reaching $7,402.86. This trend suggests a growing tax burden which could influence decisions for potential investors, homebuyers, and current residents evaluating the financial landscape in the area. The steady rise might reflect economic changes, demographic shifts, or increased public spending, making it critical for stakeholders to consider the financial implications when engaging with Taos County's market.
Average Total Tax Liability Per Tax Return in Taos County, NM Over the Last 10 Years
Over the last decade, Taos County, New Mexico has seen a varied yet overall rising trend in average total tax liability per tax return, peaking dramatically at $9,037.69 in 2021. This trend suggests an increasing economic burden on taxpayers, potentially reflecting higher incomes or increased taxation rates. For potential investors and real estate agents, this could indicate a growing economic profile for the area, while for appraisers and insurance agents, it may signify an upward adjustment in property values and associated costs. The increase, especially the notable jump in 2021, could also be of interest to those planning to move to the area, highlighting the importance of evaluating the financial landscape carefully.
Cost of Living in Taos County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,182 | $1,657 | $2,438 | $1,506 | $1,514 |
| 1 adult 4 children | $1,182 | $1,353 | $1,886 | $1,506 | $1,567 |
| 2 adults 3 children | $1,182 | $1,354 | $2,104 | $1,506 | $1,215 |
| 1 adult 3 children | $1,182 | $1,105 | $1,553 | $1,506 | $1,278 |
| 2 adults 2 children | $937 | $1,108 | $1,770 | $1,321 | $989 |
| 1 adult 2 children | $937 | $828 | $1,219 | $1,321 | $950 |
| 2 adults 1 child | $937 | $876 | $1,436 | $723 | $876 |
| 1 adult 1 child | $937 | $566 | $885 | $723 | $717 |
| 2 adults | $809 | $703 | $1,103 | $0 | $680 |
| 1 adult | $769 | $384 | $551 | $0 | $594 |
Safety trends & Data
Over the last five years, property crimes in Taos County, New Mexico, have shown mixed trends. Burglary fluctuated, peaking at 13 cases in 2022, while larceny-theft declined from 104 in 2018 to 32 in 2019, and then stabilized between 48-54. Motor vehicle theft remained relatively low, not exceeding 5 cases annually. Vandalism incidents spiked to 17 in 2021 but usually remained in single digits. These crime trends could significantly impact investment decisions, property development, and real... Read more
Property Crime Trends in Taos County, NM Over the Last 5 Years
Over the last five years, Taos County, New Mexico, has seen fluctuating trends in property crimes. Remarkably, burglary cases fluctuated, peaking at 13 in 2022, while incidents of larceny-theft saw a significant dip from 104 in 2018 to 32 in 2019 before stabilizing around 48-54. Motor vehicle theft remained relatively low, never exceeding 5 cases annually. Vandalism incidents notably spiked to 17 in 2021 but generally hovered around single-digit values. These trends may influence decisions on investments, property development, and real estate transactions, making awareness crucial for stakeholders.
Demographics
In Taos County, New Mexico, demographic trends reveal a balanced gender distribution, with females slightly outnumbering males. The age distribution skews toward older adults, which may influence local services and housing needs. Educational attainment reflects a substantial proportion of high school graduates, but a notable segment has pursued higher education, potentially impacting workforce qualifications. Racially, the population is predominantly White, with a significant presence of... Read more
Race Distribution in Taos County, New Mexico (2022)
Educational Attainment in Taos County, New Mexico (2022)
Age Distribution in Taos County, New Mexico
Citizen Population in Taos County, New Mexico (2022)
Political Trends & Data
In Taos County, New Mexico, the 2020 U.S. Presidential Election saw Democrats claiming nearly 76.4% of the vote, indicating a strong Democratic presence. Republicans captured just 21.6%, while minor parties like the Libertarian and Green Parties secured around 0.9% and 0.8%, respectively. This political landscape could shape local and state dynamics, influencing policy and development trends in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Taos County, New Mexico, the 2020 U.S. Presidential Election results leaned heavily towards the Democratic Party, with nearly 76.4% of the vote. Republicans trailed significantly behind at around 21.6%. Minor parties such as the Libertarian and Green Parties garnered approximately 0.9% and 0.8%, respectively, with other candidates making up marginally more than 0.2%. This data could suggest a strong Democratic presence in the county, potentially influencing local and state political dynamics.
21.62% of voters voted for the Republican party in the 2020 Presidential Election
76.37% of voters voted for the Democrat party in the 2020 Presidential Election
0.88% of voters voted for the Livertarian party in the 2020 Presidential Election
0.85% of voters voted for the Green party in the 2020 Presidential Election
0.27% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, Taos County, New Mexico, has seen its student-to-teacher ratio fluctuate significantly, with a peak of 23 in 2017 before settling back near the national average of 14. While typically below the national average, suggesting smaller class sizes, the spikes in certain years might indicate staffing issues or changes in student enrollment. These trends are essential for prospective residents, investors, real estate agents, and insurance agents as they reflect the county's... Read more
Student-to-teacher ratio in Taos County, New Mexico over the last 10 years
Over the past decade, Taos County, New Mexico, has seen significant fluctuations in student-to-teacher ratios, spiking considerably in 2017 to 23 before dipping back down to numbers closer to the national average of 14. Most years, the ratio has remained below the national average, suggesting potentially smaller class sizes which may appeal to those prioritizing more personalized education. However, the notable hikes in certain years could indicate staffing challenges or shifting student enrollment. These variations in class size are crucial for prospective residents, investors, real estate agents, and insurance agents to understand the county's educational environment and its potential impact on local real estate markets and community growth.
