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 Section 7-36-20 NMSA 1978
As Section 7-36-16 NMSA 1978 requires, property is valued as “current and correct.”
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...
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.
The law, specifically, 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...
You may request an informal conference according to Section 7-38-24.D NMSA 1978 and 3.6.7.33.B.1,2,3 before the scheduled hearing date. At the informal conference you and the county exchange information each of you has to support value, classification or exemption....
Yes, by law you have the right to appeal. File your appeal in District Court. The appellee (the assessor or commission of your county) must be named. File the appeal under the provisions of Section 12-8A-1 NMSA 1978 no later than 30 days from the date of decision.
Regulation 3.6.5.33.D.1,2,3 Manufactured Homes – When Valued as Real Property addresses the property owner's request for the county assessor to value the unit as real property. To qualify, the owner must also own the land where the home is situated. Certain...
The owner of the mobile home is responsible for property taxes on the mobile home. The owner of the real property where the mobile home is situated is responsible for property taxes on the land. Payment of the property taxes on the land is ultimately the...
A manufactured home may be classified as a permanent structure by the assessor when: The owner of a manufactured home has requested the mobile home to be taxed as real property The tongue and axle have been removed from the manufactured home, and the manufactured home...