PROTESTING VALUATION: (NMSA 7-38-24) A property owner may protest the value or classification determined by the County Assessor for his property for property taxation purposes, the Assessor’s allocation of value of his property to a particular governmental unit, denial of a claim for an exemption, or for a limitation on increase in value by filing a petition with the Assessor. Petitions of protest to the County Assessor are required to be filed with the County Assessor no later than thirty (30) days after the mailing by the Assessor of the Notice of Valuation. Click here for the 2024 Protest Form.
LIMITATION ON INCREASE IN VALUE FOR SINGLE-FAMILY DWELLINGS OCCUPIED BY LOW-INCOME OWNERS SIXTY-FIVE YEARS OF AGE OR OLDER OR DISABLED: (NMSA 7-36-21.3) Applications for valuation limitations may be picked up from the Assessor’s Office. The application is for the current year only and is based on the previous year’s income. The previous year’s modified gross household income must be $40,400 per year or less and the applicant must be disabled or 65 years of age in the year in which the application is made. An owner who applies for the limitation of value specified in this section and files proof of income eligibility for the three consecutive years immediately prior to the tax year for which the application is made need not claim the limitation for subsequent tax years if there is no change in eligibility. Click here for the 2024 Valuation Freeze Application.
EXEMPTION CLAIMING: (NMSA 7-38-17) If you wish to declare an exemption, which is not currently applied, please print and sign the Head of Household and Veteran's Exemption Form and mail it to our office. Exemption must be applied for no later than thirty (30) days after the mailing of the County Assessor’s notice of valuation, pursuant to Section 7-38-20 NMSA 1978, in order for it to be allowed for that tax year.
HEAD-OF-FAMILY: (NMSA 7-37-4) This exemption may be claimed by any New Mexico Resident for his or her residence, but only one exemption may be claimed for any tax year per household.
VETERAN AND TOTALLY DISABLED VETERAN EXEMPTION: (NMSA 7-37-5 & 7-37-5.1) Eligibility is determined by the NEW MEXICO VETERANS’ SERVICE COMMISSION. To claim, present Certificate of Eligibility to Assessor’s Office for confirmation of exemption declaration. If the exemption was previously claimed and allowed, it shall apply to subsequent years as long as there is no change in eligibility or ownership status. If you have claimed the exemption with the Motor Vehicle Department, you need to come into the Assessor’s Office and report it, as only the remaining portion of the exemption will be allowed TO ALL VETERANS AND UNMARRIED SURVIVING SPOUSE OF VETERANS: The state constitution was amended in November 2004 to expand the class of veterans who may be eligible for the veteran exemption. Call the Department of Veterans Services: Toll Free (866) 433-8387 with questions about the status of the new legislation implementing the constitutional change. You can also contact our office at 575-763-5731 for more information.
CHARITABLE/EDUCATIONAL: NMSA 7-36-7 (3.6.5.15K) To qualify for these exemptions, the substantial and primary use of the property must be for charitable/educational purposes.
PERSONAL PROPERTY: (NMSA 7-36-33) Business personal property, not subject to a special method of valuation, is subject to property taxation in the state of New Mexico unless it is specifically exempted by statute. BUSINESS PERSONAL PROPERTY THAT WAS LOCATED IN THE COUNTY ON JANUARY 1ST MUST BE REPORTED TO THE COUNTY ASSESSOR’S OFFICE NO LATER THAN THE LAST DAY OF FEBRUARY OF EACH YEAR (7-36-8 NMSA 1978: AMENDED 1993). The business personal property that must be reported to the Assessor are those assets which were depreciated and reported to the IRS for the previous year, excluding inventory held for sale, resale, and supplies. Personal property to be reported consists of movable items not permanently affixed to or part of the real estate. It includes, but is not limited to: fixtures, equipment, furniture, as well as industrial, business, manufacturing, construction, and commercial machinery. Click here for the NM 2024 Business Personal Property Report Form.
MANUFACTURED HOMES: (NMSA 7-36-26) The owner of a manufactured home subject to valuation for property taxation purposes shall report the manufactured home annually for valuation to the County Assessor of the county in which the manufactured home is located on January 1. The report shall be in a form and contain the information required by department regulation and shall be made no later than the last day of February of the tax year in which the property is subject to valuation. Click here for the NM Manufactured Home Report.
AGRICULTURAL USE CLAIM: (NMSA 7-36-20) Applications for agricultural lands must be submitted no later than thirty (30) days after the mailing of the County Assessor’s Notice of Values. If you were granted the special method of valuation the preceding year, you are not required to reapply as long as status and use does not change. When the owner of the land has not reported that the use of the land is no longer primarily for agricultural purposes, but the County Assessor has evidence sufficient to rebut the presumptions in Subsection A of Section 7-36-20, the County Assessor must change the classification of the land. In such a case, the County Assessor must also consider whether the penalty proved by Subsection H should be applied. The owner may protest the change in classification. Click here for the Agricultural Declaration Form.
