Bernalillo County Assessor

Bernalillo County Assessor

Government Administration

Albuquerque, New Mexico 75 followers

The priorities of the Office of the County Assessor are to maintain trust, integrity and transparency to the public.

About us

The Office of the County Assessor determines the property value of homes, businesses, and other taxable property in Bernalillo County. The office also prepares the tax roll for the county treasurer on real property (land and improvements), personal property (business equipment), livestock, and mobile homes. The priorities of the Office of the County Assessor are to maintain trust, integrity and transparency to the public; and is dedicated to updating technology and policies, as well as providing hands-on assistance to taxpayers. The assessor has the following responsibilities: Locate all taxable property in the county and identify the ownership Establish a value for all property subject to property taxation List the value of all property on the assessment roll Apply all legal exemptions The assessor does not: Compute property tax bills Collect property taxes Establish property tax laws Set rules by which property is appraised

Website
https://www.bernco.gov/assessor/
Industry
Government Administration
Company size
2-10 employees
Headquarters
Albuquerque, New Mexico

Updates

  • DO YOU KNOW WHAT YIELD CONTROL IS? Yield control is commonly referred to as the “yield control statute” because it limits revenue yields that result when property values are increased. The statue is rather complex but really deals with value and mill rates and how they off-set each other. Yield control is like the playground seesaw. Assessed property values are on one side and the mill rate is on the other. The mill is a rate each taxing entity uses and is multiplied by your property’s taxable value to get amount you owe, yearly. This is money that taxing entities use to operate. Taxing entities are county’s, municipalities, irrigation districts, school districts…well, you get the idea. In Bernalillo County alone there are 14 taxing entities associated with your yearly property tax bill. Anyway, yield control tries to keep the tax seesaw, level. So, if property values go up, the mill rates should go down, keeping taxes even. Conversely, if property values go down, the taxing entities will likely raise the mill rate so that taxes remain level and the governments still have money to operate. Of course, tax rates can still go up because municipalities and counties and school districts all need to pay for more roads or sewer lines or classrooms. But, as the city and county grow, businesses will fill those new roads and the tax base gets bigger and hopefully, the mill rates go down. Ah, we’re back on the yield control seesaw again. Not an easy concept, but necessary.  If you have questions, call the Assessor’s Office at 505-222-3700 and one of our staff members will break it down for you. Assessor Damian Lara is also teaching a class on Yield Control through New Mexico State University. Anyone may sign up at nmedge.nmsu.edu. Once here, find the enroll in or pay for classes tab. If you are an existing student log in and choose class AO 110. If you are a new student, enroll and then choose class AO 110. The class will be held online, Sept. 19 from 8:30 - 11 a.m. Assessor Damian Lara want YOU to Know Your Value.

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  • Bernalillo County Assessor and Chair of the New Mexico Assessors' Affiliate, Damian Lara, hosts the second of five public meetings and information sessions regarding Equitable Disclosure. The session, held in Las Cruces, provided information for interested stakeholders about proposed changes to legislation to New Mexico's nonresidential property disclosure laws. Future stakeholder sessions will be held in Roswell, September 11, Las Vegas, October 1, and in Santa Fe, December 4. Anyone interested in hearing the presentation and discussion is encouraged to attend.

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  • Assessor Lara Attends the NALEO Conference NALEO, the National Association for Latino Elected Officials is holding it's annual conference in Las Vegas, NV. Assessor Lara is there to meet with other Latino officials to d foster solutions around the most pressing policy issues affecting our communities today. Assessor Lara is attending the conference with Deputy Assessor Karen Montano.

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