Albuquerque Property Taxes

[threecats407]

Originally Posted by rdeleon45

We just bought our home in Nov of last year. The taxes when up $500 from last year ! The value of the structure last year was $169,847, this year it's $221,200, that's over a $50k raise, how do these crooks justice that amount? Does anyone know a good real estate lawyer?

Where I am at most homes assessed valuations were reduced substantially a few years back dues to the real estate crash. This year they jumped back up again. You may have just caught that bump back up.
I just saw that taxes on my old house are at 18K a year now! It's nuts. The vast majority of it goes to schools and public pensions.

You can file an appeal but the way I have always looked at it is that if the assessed valuation of your home is realistic there probably isn't much you would gain.

[funkymonkey]

Property valuations can't go up more than 3% per year unless the property sells. When the property changes hands it is assessed at the current market value. If the assessment is a lot more than you paid for the house you could try contesting the valuation.