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Bernalillo County— Assessor Tanya R. Giddings would like to remind all property owners in Bernalillo County of deadlines that are applicable to the 2022 Notices of Values that will be mailed to property owners in the Spring. Below is a summary of provisions concerning reporting property to the Office of the Assessor for valuation and the claiming of available personal and organizational exemptions, and special methods of valuation and the associated deadline.
Section 7-38-8, Reporting of property for valuation:
All property is subject to valuation for property taxation purposes and needs to be reported annually, failure to report by the last day of February 2022 will result in the property will be valued by using the best information available.
Section 7-38-8(C), Improvements made to real property:
Any improvements made to real property during 2021, with a value greater than $10,000 needs to be reported by the last day of February 2022. The report must contain the property improved, the improvements made, and the cost of the improvements.
Section 7-38-8.1 and 7-38-17 (for clarity), Claiming Exemptions:
All real property owned by any nongovernmental entity and claimed to be exempt from property taxation must be reported. Exemptions must be applied for no later than 30 days after the mailing of the notices of valuation. An exemption applied to a prior tax year and, subsequently becomes ineligible for the exemption because of a change in the person’s status or a change in the ownership of the property against which the exemption was applied, must be reported by the last day of February 2022.
Section 7-38-13, Filing statements of decrease in value of property:
Any property owner who believes that the value of their property has decreased in the previous tax year may file a signed statement describing the property affected, the case and nature of the decrease in value and the amount by which the owner contends the valuation of the property has decreased, no later than the last day of February 2022.
Section 7-38-17.1, Requirement for declaring residential property and changes in use of property:
Property subject to valuation is presumed to be nonresidential and will be so recorded unless the property owner declares the property to be residential no later than the last day in February 2022. Also, by that same date, the property owner needs to declare the property that is subject to valuation for property taxation purposes that has changed in use from residential to nonresidential or nonresidential to residential.
Section 7-36-20, Land used for agricultural purposes:
The value of land used primarily for agricultural purposes is determined, on the basis of the land’s ability to produce agricultural products. Applications must be made no later than 30 days after the mailing of the notices of valuation for property tax year 2022. If your land was valued in accordance with the special method of valuation in 2021, but it is no longer used primarily for agricultural purposes, you must report the change no later than the last day of February 2022.
Section 7-36-21, Livestock Reporting:
Livestock present in the county on Jan. 1, 2022 must be reported no later than the last day of February 2022; livestock transported into the county after Jan. 1, 2022 must be reported no later than the first day of the month following the month in which the livestock has been present in the county for more than 20 days.
Section 7-36-26, Manufactured Home Reporting:
Manufactured home ownership must be reported no later than the last day February 2022.
This summary is only a brief statement of the governing statutes and regulations and is not intended to reflect the full content of these provisions.
Applications and forms are available at bernco.gov/assessor and must be submitted to the Office of the Assessor. If any additional information is needed, please email assessor@bernco.gov or call 505-222-3700.
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