You view your home the same way as the county assessor does??

Property tax in New Mexico has certainly been an interesting subject over the last few years. Prior to December 2004 there were no requirements for disclosure of actual sale price to the Bernalillo county assessors office which lead to some valuations which may not have been accurate. From January 1, 2005 forward the title companies are required to report actual sales price to the Bernalillo county assessors office which has caused a huge increase in taxes if your home had not been assessed for many years.

Contact Michael Dunn if you are curious about the actual value of your home and would like him to review the value with you to let you know if it may be worth it to contest your taxes or not. He is more than happy to do this for you FREE of charge. The process is quite simple and could save you some money on your property taxes! 1st step is to contact Michael and see if the value is correct or not

Q. What is a Notice of Valuation?
A.   Once a year, you receive a Notice of Value from the Bernalillo County Assessor informing you of the full, taxable, and net taxable values on your property for that year. It is an advance notification of what the Assessor believes your property is worth. The Notice of Value is not a tax bill, but the net taxable value on the notice will result in a tax bill from the Bernalillo County Treasurer's Office.

Q. What does my property valuation mean?
A.   The value set for your property by the Bernalillo County Assessor is an estimate of the market value for your home, land, or business property; is depreciated cost for business equipment; and is NADA value for manufactured homes. It is used to determine the amount of tax you will be paying.

Q. What is taxable value?
A.  The Taxable value is one-third of the Total Assessed Value. The Net Taxable Value is the Taxable Value minus exemptions, such as, "Head of Family", Veterans', etc. This Net Taxable Value amount is used by the Bernalillo County Treasurer to calculate the tax you will pay to Bernalillo County.

Q. How is the value of my property determined by the Assessor?
A. The Assessor must comply with the property tax code. Pursuant to 7-36-16 NMSA 1978, the Assessor values property at current and correct values, based on sales of property from the previous year