If you haven’t bought or sold a home lately you may not grasp the magnitude of Albuquerque’s property tax burden. Nobody wants to talk about it, and the numbers aren’t easy to find. But here are five things you really should know before you vote on APS’ proposed tax increase.
The Albuquerque area already has the highest property taxes in the state.
We are number one – and number two. Residential properties in the North Valley within the Middle Rio Grande Conservancy District are taxed at nearly twice the rate of homes in Santa Fe. Homeowners pay 47.667 mills in the North Valley and 42.598 mills or more in the rest of Albuquerque. In Santa Fe homes are taxed at just 24.583 mills; in Las Cruces, 31.315 mills; in Rio Rancho, 35.38 mills and in the South Valley, 36.438 mills.
High property taxes are taking big money out of your pocket.
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