State Assessed Properties Bureau
The State Assessed Properties Bureau (SAPB) values property and processes property tax returns for New Mexico‘s 500 most complex multi-county property taxpayers and determines taxable values of these properties.
We are responsible for the property taxes for several specialized industries: telecommunications, railroads, oil and gas pipelines and refineries and electrical utilities. These industries constitute about 10% of New Mexico‘s property tax base.
We also gather and certify the property tax base of all 33 counties to the Department of Finance and Administration and the Public Education Department.
For more information on reporting requirements for state-assessed property, click General and Special Reporting Instructions.