Appraisal Bureau 

The Appraisal Bureau (AB) provides technical assistance to New Mexico‘s counties on valuation of multifamily, commercial, special-use and personal properties. We perform appraisals as requested by Property Tax Division (PTD) and other New Mexico entities.  We also review appraisals for the State Board of Finance.

One member of each county’s Valuation Protests Board must be an employee of the Bureau. We perform annual assessor evaluations and a sales ratio study to ensure that counties assess properties at the current and correct value. Collaborating with the International Association of Assessing Officers, we also coordinate training of county assessors and assessor employees for certification.

Residential Property Disclosure Forms
Instructions for Residential Property Transfers
Residential Property Transfer Declaration Affidavit (NMAAO)
2012 Application for Limitation Increase 65 & Older or Disabled

Other Property Forms
2012 Protest Pamphlet 
PTD-51019, Affordable Housing Form
PTD-51021, Statement of Adjusted

Appraisal Information
Conservation Easement Appraisal Guidelines


Send Inquiries to:
New Mexico Taxation and Revenue Department
Property Tax Division
Appraisal Bureau - Local Assessment Section 
Email your questions or concerns to the Appraisal Bureau

Frequently Asked Questions

Q. How does land used for agriculture qualify for a special method of valuation?

Answer:
Depending on whether the county assessor agrees, there must be a bona fide primary agricultural use of the land and the capacity to produce agricultural products. The property owner must initially apply for this classification. Refer to Section7-36-20 NMSA

Q. What is the valuation basis of my commercial or non-residential assessment?

Answer:
As Section 7-36-16 NMSA 1978 requires property is valued as “current and correct.”

Q. What is the valuation basis of my residential assessment?

Answer:
If you bought your land in the prior year, or the property changed classification (from residential to non-residential use, for instance), or you made an improvement to the structure, then your assessment is limited to an increase of 1.03% or 1.061%, depending on the assessment cycle the assessor has chosen as stated in Section 7-36-21.2 NMSA 1978. If the following limits do not apply to your property, it will be valued as current and correct as required by Section 7-36-16 NMSA 1978. 

This limitation on increases in value does not apply to:

− a residential property in the first tax year that it is valued for property taxation;
− any physical improvements made to the property during the year immediately prior to the tax year, or
− valuation of a residential property in any tax year in which a change of ownership of the property occurred in the prior year, or the use or zoning of the property has changed in the prior year.

Q. What effect on valuation does the 65-and-older limitation have?

Answer:
If a qualifying applicant is 65 or older, or is disabled, the value of the property cannot increase from the prior year. The applicant must file yearly and provide the assessor with proof of age, occupancy and income for the tax year for which application is made.

Q. I do not agree with the valuation notice, denial of exemption or classification of property that I received from my county assessor. What can I do?

Answer:
The law as stated in Section 7-38-24 NMSA 1978  entitles you to file a petition of protest with your county assessor within 30 days after you receive your valuation notice. If your disagreement is not resolved, you will be scheduled for a protest hearing before the County Valuation Protests Board.  The board usually decides protests within 180 days of the date that the protest was filed unless extended by a director’s order. A written order is issued within 30 days of the hearing unless extended by agreement of the board and the taxpayer. 
 
  • Message from the Secretary It’s that time of the year again when New Mexicans are getting ready to file their 2011 tax returns. I want to encourage everyone to file tax returns online. Not only will you receive your refund check faster… Read More ​

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