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Owners of real property, tangible moveable business property and/or manufactured homes, are required by New Mexico Statutes Annotated (NMSA) 1978, ch.7-38-8, to declare each year the value of change(s) in value their property has undergone within the past year. Valuation date is January 1st.
A. The County Assessor's Office will accept mailing address changes in person, through the mail, by fax, or by email the Assessor . There is a change of address coupon provided on page two of your Notice of Value. Also, go to Assessor's Forms on this web site.
A. January 1: Property is assessed to the owner of record and in accordance with its condition as of that date. For example: if the property is vacant on January 1, it will be assessed as vacant land even if a building is constructed on that property some time during the tax year after January 1.
Last day in February:
June 15: The County Assessor certifies the full valuation of property in Bernalillo County to the State Property Tax Division.
September: The New Mexico Department of Finance and Administration sets the tax rates for the year's property taxes, county by county.
A. The Assessor must comply with the property tax code. Pursuant to 7-36-16 NMSA 1978, the Assessor values property at current and correct values, based on sales of property from the previous year
According to NM State law, a manufactured home is defined as a structure, or vehicle, larger than 8 x 40 feet and requires registration through the state Motor Vehicle Division. Forms and regulations for converting a "manufactured home" to real property
A. As defined in Chapter 7-36-20, "wet or irrigated" land is "all agricultural land receiving supplemental water to that provided by natural rainfall." Dry land is defined as "all agricultural land without a supplemental water supply."
A. Yes. Chapter 7-36-20, NMSA 1978, the application form may contain a request for providing information as the owner's farm income and farm expenses reported to the U.S. Internal Revenue Service on Schedule F.
Business Personal Property is defined, as tangible movable items not permanently affixed to, or part of, real estate.
The Assessor is required by law to assess business equipment. Tangible personal property " that is used, produced, manufactured, held for sale, leased or maintained by a person for purposes of the person's profession, business or occupation; and for which the owner has claimed a deduction for depreciation for federal income tax purposes during any federal income taxable year occurring in whole or in part during the twelve months immediately preceding the first day of the property tax year." (7-36-8)
Businesses are required to inform the Assessor's Office of the current status of the business and of its equipment by the last day of February, each year.
A. Following is a partial list of items that should be reported:
Under New Mexico property tax law, NMSA 1978, Chapter 7, there are two categories of individual property taxation exemptions and several categories of institutional and governmental exemptions. Individual exemptions are available for heads of families and qualifying veterans. Institutional exemptions are available for governmental agencies, schools, churches and special status exemptions.
A. The state statute reads: "As used in this section, Head of Family means an individual New Mexico resident who is either (1) married; (2) widow or widower; (3) head of household furnishing more than one-half the cost of support of any related person; or (4) a single person."
Those eligible for this exemption must apply for it only once to receive it in subsequent years. Only one Head of Family exemption per household is permitted, and it can only be applied to one property in the State of New Mexico.
The Head of Family exemption is $2,000, beginning 1993 and thereafter.
A. The New Mexico Veterans' Service Commission determines all eligibility and issues Certificates of Eligibility to all qualifying veterans. For more information, call the Veterans' Service Commission for details on expanded eligibility by the legislature for veterans (505-346-3986).
The Certificate of Eligibility (original only) may be used to claim the New Mexico Property Tax Exemption which is now $4,000 per year. Once the exemption is claimed, it is retained on property tax records for subsequent years without reapplication.
A veteran, with a green-colored "New Mexico Veterans' Service Commission Tax Exemption Certificate of Eligibility", should apply with the Assessor's Office between January 1 and the last day of February for the exemption.
A. The New Mexico Veterans' Service Commission determines all eligibility and issues Certificates of Eligibility to all qualifying veterans. For more information, call the Veterans' Service Commission for details of eligibility by the legislature for veterans (505-346-3986).
The Certificate of Eligibility (original only) may be used to claim the New Mexico Property Tax Exemption which is a 100% exemption of property taxation. Once the exemption is claimed, it is retained on property tax records for subsequent years without reapplication.
A veteran, with a tan-colored "New Mexico Veterans' Service Commission Disabled Veteran Property Tax Waiver Certificate of Eligibility", should apply with the Assessor's Office between January 1 and the last day of February for the exemption.
A. If exemptions are claimed for real property and manufactured homes, they may be claimed during the 30-day period immediately following the mailing date of the Notice of Value, if not earlier.
A. To start the appeal/protest process in Bernalillo County, you should:
1) Completely fill out the Protest Form that is available at the County Assessor's Office or on the Assessor's Web page at www.bernco.gov/assessor-office.
2) The completed form must be returned to the Assessor's Office within 30-days of the initial mailing date of the Notice of Value. See the Assessor's Office Web page: www.bernco.gov.
3) An informal meeting will be made with a field appraiser.
4) A formal hearing with the Protest Valuation Review Board will be scheduled if the valuation is not resolved at the informal meeting.
5) If it is not resolved satisfactorily at the Board Hearing before the Protest Valuation Review Board, you may make an official appeal to District Court.
A. Yes. Property records are confidential information. You may only review your own file.
A. Pursuant to 7-38-39 NMSA 1978 Protesting Values-Claim for refund, after receiving your property tax bill and after making payment prior to the delinquency date of all property taxes you may file a claim for refund in District Court.