Q: When are property taxes due in Taos County for the current fiscal year?
A: For FY 2025-2026, property taxes are due December 10th. You can pay in full by this date or make two installments with the first due November 10th and the second due December 10th.
Q: What tax credits are available and do they require applications?
A: New Mexico offers various tax credits including veteran disability credits, low-income/elderly credits, and agricultural use credits. ALL tax credits require separate applications filed with the County Assessor's office and are NOT automatically applied to your bill.
Q: How does the homestead credit work in New Mexico?
A: New Mexico's homestead exemption is limited compared to other states. It provides some protection but requires application with the County Assessor. This is not an automatic benefit and must be applied for annually in some cases.
Q: How often are properties reassessed in Taos County?
A: New Mexico requires annual assessment updates, but significant revaluations typically occur every few years. Property values are adjusted based on market conditions and sales data.
Q: What are the penalties for late property tax payments?
A: Penalty and interest apply to late payments after the December 10th due date. Contact the Taos County Treasurer's office for current penalty rates and interest calculations.
Q: Can I pay my property taxes online?
A: Yes, Taos County offers online payment options. Check the Taos County Treasurer's website for available payment methods and any associated convenience fees.
Q: Why do special district taxes vary within the county?
A: Properties may be located within different combinations of school districts, fire districts, hospital districts, or municipal boundaries, each with separate tax levies that are added to your total bill.
Q: How do I appeal my property assessment?
A: Assessment appeals must be filed with the County Assessor's office by specific deadlines, typically in early spring. Contact the Taos County Assessor for current appeal procedures and deadlines.
Q: What triggers a supplemental tax bill?
A: Property ownership changes, new construction, major improvements, or other events that increase assessed value during the tax year will generate a supplemental tax bill for the increased amount.
Q: Where can I find my exact tax rate?
A: Your property tax bill shows the specific rate for your location. You can also contact the Taos County Assessor's office with your property address to determine which taxing districts apply to your property.
