COUNTY ASSESSOR’S OFFICE DUTIES RELATED TO PROPERTY VALUATIONS EXPLAINED

COUNTY ASSESSOR’S OFFICE DUTIES RELATED TO PROPERTY VALUATIONS EXPLAINED

The Doña Ana County Assessor’s Office is responsible for valuing all real and personal property for taxing authorities in the county. Taxing authorities include school districts, hospitals, municipalities, conservancy districts and flood control authorities. The assessor also grants certain exemptions allowable by state law.
The Assessor’s Office discovers, lists and values residential, commercial, vacant and business personal property for tax purposes. The office also notifies property owners of their assessed property values and prepares the property tax roll for the county treasurer. The tax roll includes real property (land and improvements) and personal property (livestock, manufactures homes and business equipment).
New Mexico law requires owners of real property, tangible movable business property, and/or mobile homes to declare any change in value their property has undergone within the past year.
Each property owner is responsible for recording property transfer documents with the county clerk and for notifying the Assessor’s Office of purchases and transfers of ownership. Contacting the Assessor’s Office will ensure that you are correctly assessed as the current owner with a valid address where you can receive valuation notices and tax bills. If you have moved recently, you must contact the Assessor's Office with your new address.
Taxes are based on the current and correct market value of your residence and land, vacant land, commercial property or other taxable property. The net taxable value is one third of the total assessed value of your property minus valid exemptions such as head-of-family or veterans’ exemptions ($2,000 each).
The valuation set for property by the Assessor’s Office is an estimate of the market value of your property. The Assessor’s Office is required by state law to value property at 100 percent of current market value (as determined by sales of comparable properties).
Once a year, you receive a notice of value from the Assessor’s Office informing you of the assessed value of your property for that year. It is an advance notice of what the Assessor’s Office has determined your property was worth two years earlier. The notice of value is not a tax bill. The county treasurer issues the tax bills each Nov. 1. The Assessor’s Office is required to mail one notice of value for each assessed property by April 1 of each year.
Other important dates having to do with property taxation are as follows:
* Jan. 1: Property is assessed to the owner of record according to its condition as of that date. For example, if property is vacant on Jan. 1, it will be assessed as vacant land even if a building is constructed on that property sometime during the tax year after Jan. 1.
* Last day in February: The application deadline for agricultural valuation; church, charitable, educational and personal property exemptions, head of family and veterans’ exemptions; reports of mobile homes and livestock. This date also applies to loss of status for eligibility for exemptions, reporting improvements costing more than $10,000 and/or statements of decrease in value.
* June 15: The Assessor’s Office certifies the full valuation of the county to the State Property Tax Division.
* Early September: The New Mexico Department of Finance and Administration sets the tax rates for the current year's property taxes for each of the 33 counties. The County Commission must approve mil rates before they take effect.
*Oct. 1: Deadline for Assessor’s Office to deliver tax schedule and abstract of tax schedule to the county treasurer. After Oct. 1, the assessor has only limited authority to request changes to the tax schedule.
For more information about the Doña Ana County Assessor’s Office, call (505) 647-7400, or visit the county’s Internet site at www.co.dona-ana.nm.us.