Property Tax Lawyers in Bernalillo County

Bernalillo County, New Mexico laws require that most owners of real property pay taxes on its value. "Real property" refers to building and land, and objects (like natural resources) that are permanently attached to the land.

Bernalillo County, New Mexico calculates property taxes simply by taking a percentage of the property's value. Normally, they are paid on a yearly or monthly basis.

In general, the federal government does not impose any property tax. Usually, property tax is imposed by state, county, and municipal governments.

How Property Tax is Calculated in Bernalillo County, New Mexico

Bernalillo County, New Mexico calculates its property taxes by requiring property owners to pay a set percentage of the appraised value. While the property tax rate varies greatly across different parts of the country, they fall into the 1-5% range.

In order to levy this tax, the tax authorities in Bernalillo County, New Mexico must have an uniform formula for figuring out the value of a particular piece of property.

Value is subjective in many respects. The home that you grew up in is likely worth more to you than its going market rate. Therefore, to ensure that property taxes are fair and uniform, tax collectors have to use purely objective factors when appraising property.

Thus, the people in charge of appraising the value of property in Bernalillo County, New Mexico have to consider only objective, factual criteria when calculating the value of a piece of land. These criteria include the state of the real estate market, the zoning of the land (which determines how it can be utilized), and any improvements that have been made to the land, among other things.

How A Bernalillo County, New Mexico Property Tax Attorney Can Help.

The property tax system in Bernalillo County, New Mexico can get pretty difficult. There are numerous reasons why you might run into a legal dispute regarding your property tax. For instance, you may believe that the appraised value of your property was too high, increasing your tax burden unjustly. Or, the state might accuse you of failing to pay your property tax.

If you encounter a legal issue with your Bernalillo County, New Mexico property taxes, and don't handle it properly, unnecessary inconvenience and expense can result. If you have the advice of a qualified tax attorney in Bernalillo County, New Mexico, however, the odds of encountering such a problem will be small.