Angel Fire Real Estate values and sales trends (Albuquerque, Santa Fe: for sale, foreclosures) - City-Data Forum

Lil-Tex · 09-02-2012, 03:55 PM

About to visit AF to look at a house in the resort area. I've studied the MLS listings and a bit surprised to see some homes with what looks like a high listing price. It also looks like many homes have been just lingering on the market for quite a while, many over a year. So I guess my question would be the is the demand for homes still pretty good and can the sellers get what they want? It's hard to judge what is seller want and what is market value on some of these homes. And where can I find information on sales for the AF area? I've searched the 'net for sales trends and find very little info. I see some homes that are reduced and others that seem to be demanding a high sales price for what you get. Seems sorta crazy and mixed up to me.

Also besides property taxes, are there school taxes based on your property value?

joqua · 09-02-2012, 05:21 PM

Note: fluctuations in the above graph are for the month of August, 2012.
Trulia and Zillow both have a ton of listings for the Angel Fire area and prices run the gamut, but it's hard to find anything for under $200 per sq ft, although there are some cheaper single family homes. No shortage of condo/town house listings, which tend to be the lowest priced properties.

brightdoglover · 09-03-2012, 01:34 AM

Wow. I remember when I lived in Santa Fe in 1978 and took carpentry jobs wherever I could, I was working on the *first* condos in Angel Fire. Gorgeous area.
I have a bad right hand. Broke a major window and got fired.

jiminnm · 09-03-2012, 08:52 AM

Lil-Tex, we've had a house in Angel Fire for 6 years. There is, unfortunately, no good way to track prices on the web. Angel Fire is part of the Taos MLS and, while it's better than previously, not all listings go on the MLS.

A rash of foreclosures hit the market there 1-3 years ago and are still working their way through the system, so you're going to see a wide range of prices.

I'm sending you a PM with more info.

Johnhw2 · 09-03-2012, 12:32 PM

An alternative to Angel Fire is Valle Escondido. Home prices are much less but of course you arent rght next to skiiing or other amenities. But it is a pretty area and about 20 minutes to Angel Fire and Taos. Good luck

Lil-Tex · 09-03-2012, 04:18 PM

Thanks everyone. We have searched the MLS listings so much I feel I could sell those homes blind folded! I do have a question I can't seem to find an answer for. I know that there are "Resort Fees" for homeowners in Angel Fire. But is there a boundary line? If you are close to Monte Verde lake is that considered in the Village or Resort area? We don't mind paying the fee, just curious about what is considered the "resort".

jiminnm · 09-04-2012, 05:07 PM

The resort boundaries pretty much track the village boundaries. The southern boundary is 1/4-1/2 mile south of the lake and the northern boundary is the road with the community center (name escapes me). East-West are 75-80% up the mountain sides in the valley. The area around the lake is in the resort. If you have a street in mind let me know.

If you're in the resort/village, the roads are pretty well maintained and always plowed in the winter, and you would most likely have water from the village. We live near Albuquerque and go up at least once a month year round. Getting through the pass and up the mountain to our place is never an issue, Getting in and out of our own driveway is usually much more of an issue. Outside the resort, you (or your HOA) would have to plow (and probably maintain) the roads. The county initially rejected acceptance of the roads in the Taos Pines subdivision because of their condition. Not sure what the current status is. Outside the village, you'll likely have a well for water. There is a small sewer system in the village, but most homes have septic tanks. The village is connecting more homes to the sewers and water via a special PID assessment. If you're interested in a house on one of these lots -
Angel Fire PID Maps - find out what your extra property taxes will be.

NM assesses homes at 1/3 of market value for property taxes and the Colfax county and Angel Fire rates total $19-20 per $1K of assessed value. Colfax county has undertaken a on-site review of every taxed property in the county and has said they will adjust the assessments accordingly.

Lil-Tex · 09-05-2012, 08:15 AM

Great information. I have not come across that PID map in my research - good to know about. Is the village finished connecting all homes to water and sewer?

So, NM has a state property tax? Then Colfax County? And Angel Fire as well? Sorry it's confusing to this Texan who pays local school district taxes on top of county property taxes, both are exorbitant!

I think we will be well within the boundaries of AF. In fact, we don't want to be outside and not have snow plow service. That driveway issue is one I have read about. Another matter to consider !!

jiminnm · 09-05-2012, 01:06 PM

NM taxes property pretty much like any other state. The state establishes the methodology taxing authorities will use (such as how to calculate a property's basis for assessment) and municipalities, counties, etc. collect the money. The amount I quoted is the total property tax for Angel Fire, for all purposes (except the PID).

Somewhere in the PID link is listed the extra assessment by lot being assessed.

Poncho_NM · 09-05-2012, 06:55 PM

Quote:

Originally Posted by Lil-Tex

So, NM has a state property tax? Then Colfax County? And Angel Fire as well? Sorry it's confusing to this Texan who pays local school district taxes on top of county property taxes, both are exorbitant!

It is not really if you pay a property tax, it is how much is it going to be? In the U.S. the property tax on real estate is usually levied by local government, at the municipal or county level. Rates vary across the states, between about 0.2% and 4% of the home value. The assessment is generally made up of two components, the improvement or building value, and the land or site value. The property tax is the main tax supporting local education, police/fire protection, local governments, some free medical services, and most of other local infrastructure. Some U.S. state and local jurisdictions impose personal property taxes, such as on your car, airplane etc...

A lot of tax info in this site: Tax Foundation

Quote:

New Mexico Property Taxes: Among the Nation's Lowest New Mexico is one of the 37 states that collect property taxes at both the state and local levels. As in most states, local governments collect far more. New Mexico's localities collected $574 per capita in property taxes in fiscal year 2009, which is the latest year the Census Bureau published state-by-state property tax collections. At the state level, New Mexico collected $32 per capita in property taxes during FY 2009, making its combined state/local property taxes $606 per capita, ranking 47th highest nationally.
New Mexico | Tax Foundation

Quote:

Texas Property Taxes
Texas's local governments collected $1,475 per capita in property taxes during fiscal year 2009, which is the latest year the Census Bureau published state-by-state property tax collections. Texas is one of the 13 states that collect no state-level property taxes. Its per capita property tax collections in FY2009 rank 14th highest nationally.
Texas | Tax Foundation