Q: When are property taxes due for the current fiscal year?
A: For FY 2025-2026, the first installment is due November 10, 2025, and the second installment is due April 10, 2026.
Q: What tax credits are available and how do I apply?
A: The primary credit is the Homestead Tax Credit, which can reduce your taxable assessed value by up to $2,000 annually. Additional credits may be available for veterans, seniors, and disabled persons. All credits require annual application through the Rio Arriba County Assessor's Office, typically due by March 1st.
Q: How does the Homestead Tax Credit work?
A: The Homestead Credit limits annual assessment increases to 10% and provides up to $2,000 in assessed value reduction. It does NOT reduce your home's market value but caps how much your assessed value can increase year-over-year. You must file an application annually to maintain this benefit.
Q: When are properties reassessed and how can I appeal?
A: Properties are revalued annually with new assessments typically mailed in April. You have 30 days from the postmark date to file an appeal with the County Assessor's Office if you disagree with your assessed value.
Q: What are the penalties for late payment?
A: A 1% penalty is added on the day after the due date, followed by an additional 1% penalty each month thereafter. Interest accrues at 1% per month on the unpaid balance.
Q: Can I pay my property taxes online?
A: Yes, Rio Arriba County offers online payment options through their official website. You can pay by electronic check or credit card, though credit card payments may include processing fees.
Q: Why is my tax rate different from my neighbor's?
A: Tax rates vary based on the special taxing districts that serve your specific property location. Different areas may have different school districts, fire districts, or other special assessments that affect the total rate.
Q: What happens if I receive a supplemental tax bill?
A: Supplemental bills are due 30 days from the issue date and cannot be paid through your mortgage escrow account. You must pay these directly to the county treasurer to avoid penalties and potential tax lien placement.
