How Property Taxes are Calculated: A Video
(best viewed using Internet Explorer)
The Sandoval County Assessor's office is committed to serving the citizens of Sandoval County by providing fair and uniform assessments through equitable administration and competent interpretation of the New Mexico State Property Tax Code.
About the Assessor's Office
The Sandoval County Assessor's Office determines the property value of homes, businesses and other taxable properties within the county for ad valorem tax purposes. The office also prepares the tax rolls for the County Treasurer for real property (land and improvements), personal property (business equipment), livestock and mobile homes.
The Assessor's office lists and maintains the records of all real and business personal property located in Sandoval County. The office mails notices of property valuation, assists taxpayers in claiming exemption and maintains correct property ownership based on documents filed with the County Clerk's office.
Notices of property valuation: it is the Assessor's intent to mail a Notice of Value by March 1st of each tax year; however the property tax code requires mailing by April 1st of each year. It is important that property owners review the valuation figures on the Notice of Value, because this is the last step in the review process. The value on the notice is what will be used to calculate the taxes you will pay after your local government agencies and school districts set their budgets and the tax rates are adopted.
County appraisers review the real estate data and add new property to continue updating the values of existing land and buildings. Taxable value on real and property is one third of the total appraised value, minus any allowable exemptions, such as head-of-household or veteran's exemptions. The net taxable value is then multiplied by the tax rate to determine the actual taxes property owners are billed. Property in New Mexico is classified as residential or non-residential and is taxed at different rates.
The Assessor's Mapping Department works closely with property owners, title companies, the County Clerk's Office and other agencies to compile and maintain updated information on properties in the County. Information is available on legal descriptions, acreage and boundary lines on survey plats and other recorded documents. The primary responsibility of the mapping department is to maintain the county’s property inventory by using the latest in technology.
Should you have any questions or need any assistance with any other property tax issues, I encourage you to call us or visit with staff or myself in person. Our address and phone number are listed above.