Property tax “Notice of Value” statements for any homes, lands or other properties have been mailed out recently. Now is the time to notice!
We’ve received ours for properties we own in Sandoval and Bernalillo counties. While it might appear as though you don’t have to do anything with this other than file it away, it could well be worth your while to take a good look at it and act quickly if indicated.
This document tells you what the county is setting as the value of your property for the tax year 2012 so that late this year when the tax bills are prepared, you will be taxed on the value as shown on this document.
Another good reason to look is to see if you have claimed exemptions on the property for which you qualify.
For some, you may not have a good idea of what your property value is because values and prices have changed in the past few years.
Some folks use Zillow to see what it says for value – a big mistake in our market, as sales prices are not public record. Zillow Zestimates can be way off in guessing at the value of your property.
As Realtors, we are able to share with you comparable sales data to help you determine the fair value of your property, and if you determine that your property is overvalued, you will need the solid market data to send along to the assessor’s office along with your protest.