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Bernalillo County

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County Assessor Publishes the Annual Notice of Reporting Requirements

2:52 PM
Ashley Martinez, O (505) 222-3772 - ashleymartinez@bernco.gov

Bernalillo County - The Office of the Assessor for Bernalillo County has published the annual Notice of Reporting Requirements pursuant to Section 7-38-18 NMSA, for tax year 2020. The notice outlines certain provisions concerning reporting property to the Assessor’s Office for valuation and the claiming of available exemptions, both personal and organizational, and special methods of valuation in the Albuquerque Journal’s legal section, and will be shared once a week during the first three weeks of January. It is intended to ensure the public, who own taxable property in Bernalillo County, are aware of such statutes and the provisions of each section such as reporting deadlines. Below is a brief summary of the provisions of each section that appear in the Albuquerque Journal’s legal section.


  1. Section 7-38-8, Reporting of property for valuation:

All property is subject to valuation for property taxation purposes and needs to be reported annually, failure to report by the last day of February 2020, the property will be valued by using the best information available.

  1. Section 7-38-8(C), Improvements made to real property:

Any improvements made to real property during 2019, with a value greater than $10,000 needs to be reported by the last day of February 2020. The report must contain the property improved, the improvements made, and the cost of the improvements.

  1. Section 7-38-8.1 and 7-38-17 (for clarity), Claiming Exemptions:

All real property owned by any nongovernmental entity and claimed to be exempt from property taxation must be reported. Exemptions must be applied for no later than thirty days after the mailing of the notices of valuation. An exemption applied to a prior tax year and subsequently becomes ineligible for the exemption because of a change in the person's status or a change in the ownership of the property against which the exemption was applied must be reported by the last day of February 2020.


  1. Section 7-38-13, Filing statements of decrease in value of property:

Any property owner who believes that the value of their property has decreased in the previous tax year may file a signed statement describing the property affected, the case and nature of the decrease in value and the amount by which the owner contends the valuation of the property has decreased, no later than the last day of February 2020.

  1. Section 7-38-17, Requirements for claiming veteran, disabled veteran, head-of-family and other exemptions:

Property owners who believe their real property is entitled to a head-of-family, veteran, or disabled veteran exemptions from property taxation, must apply for exempt status no later than thirty (30) days after the mailing of the notices of valuation.

  1. Section 7-38-17.1, Requirement for declaring residential property and changes in use of property:

Property subject to valuation is presumed to be nonresidential and will be so recorded unless the property owner declares the property to be residential no later than the last day in February 2020. Also by that same date the property owner needs to declare the property that is subject to valuation for property taxation purposes that has changed in use from residential to nonresidential or residential to nonresidential.

  1. Section 7-36-21.3, Limitation on increase in value for single-family dwellings occupies by:


Property owners who are 65 years of age or older or who are disabled regardless of age and have a modified gross income of $35,000 or less are eligible for a valuation freeze, which prevents the property valuation from increasing each year on their primary residence.


  1. Section 7-36-20, Land used for agricultural purposes:


The value of land used primarily for agricultural purposes is determined on the basis of the land's ability to produce agricultural products. Applications must be made no later than 30 days after the mailing of the notices of valuation for property tax year 2020. If your land was valued in accordance with the special method of valuation in 2019, but it is no longer used primarily for agricultural purposes, you must report the change no later than the last day of February 2020.


  1. Section 7-36-21, Livestock Reporting:


Livestock present in the county on Jan. 1, 2020 must be reported no later than the last day of February 2020, livestock transported into the county after Jan.1, 2020 must be reported no later than the first day of the month following the month in which the livestock has been present in the county for twenty (20) days.


  1. Section 7-36-26, Manufactured Home Reporting:


If you own a manufactured home, you must report it no later than the last day February 2020.


The notice posted in the Albuquerque Journal is only a brief statement of the governing statue of regulations and is not intended to reflect the full content of these provisions.


Applications and forms are available at www.bernco.gov/assessor and must be submitted to the Assessor’s Office by the date and in the manner prescribed under applicable statutes. If any additional information is needed, please call the Assessor’s Office at (505) 222-3700.


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About Bernalillo County

Bernalillo County is 1,160 square miles and is New Mexico’s most populous county with more than 674,000 residents. Bernalillo County government provides a wide range of public services to residents who live in Albuquerque, Los Ranchos and Tijeras and the 111,000 residents who live outside the village and city limits in the unincorporated areas of the county. Bernalillo County employs approximately 2,500 people and has an annual operating budget and capital investments of more than $650 million. Elected officials include five county commissioners, assessor, clerk, probate judge, sheriff and treasurer.

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