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Property Tax Bill: Only $334 on $925K Home (Cerrillos)


Date: 2009-10-28, 8:04AM MDT
Reply to: comm-wzkp4-1441133490@craigslist.org [Errors when replying to ads?]


NM tax lightning tax bills have made many upset. This should add fuel to the fire. In this morning's Albuquerque Journal, on the front page, is an article about a Cerrillos home on the market for $925,000 showing current taxes as $334, YES, $334. Properly assessed, the bill would be about $5600. According to the article, the home is valued at only $64,000 for tax purposes. What is most disturbing is the comments by the County Assessor who says he has properties that aren't even on the tax rolls or haven't been reappraised in years.

Tax lightning needs to end and ALL homes need to be brought to current market prices for tax purposes. I wonder how many homes have been "purposely" left off the rolls or not reappraised. Is NM a banana republic or what?

PostingID: 1441133490