Q: When are Valencia County property taxes due for the current fiscal year?
A: For FY 2025-2026, the first half payment is due December 10, 2025, and the second half is due May 10, 2026. Payments are considered delinquent if not received by these dates.
Q: What tax credits are available and do they require application?
A: Valencia County offers several tax credits that reduce your tax bill, including the Homestead Credit for primary residences, Veterans Exemption for qualifying veterans, and Low-Income Elderly Credit. All credits require annual application through the County Assessor's office and are not automatically applied.
Q: How does the Homestead Credit work?
A: The Homestead Credit limits annual increases in your home's assessed value to protect against rapid appreciation. It caps assessment growth rather than reducing market value, and you must file an application with the County Assessor to qualify. This is not automatic and must be renewed annually.
Q: How often are properties reassessed in Valencia County?
A: New Mexico law requires annual reassessment of all property. The County Assessor determines market value as of January 1st each year, though not all properties may see significant changes annually.
Q: What are the penalties for late property tax payments?
A: Late payments incur interest and penalties. After the due date, interest accrues monthly, and additional penalties may apply. Properties with delinquent taxes may eventually be subject to tax lien sales.
Q: Can I pay my property taxes online?
A: Yes, Valencia County offers online payment options through the County Treasurer's website. You can pay by electronic check or credit card, though credit card payments may include processing fees.
Q: Why do properties in different parts of Valencia County have different tax rates?
A: Tax rates vary based on the special taxing districts that serve each property, such as school districts, fire departments, water authorities, and municipal boundaries. Each district sets its own levy rate for services provided.
Q: How do I appeal my property assessment?
A: Property owners can protest their valuation with the County Assessor's office, typically by March 1st following the assessment. If unsatisfied with the result, you can appeal to the County Valuation Protest Board and subsequently to the state courts if necessary.
Q: What triggers a supplemental tax assessment?
A: Supplemental assessments occur when property changes ownership, new construction is completed, or there are significant improvements made during the tax year that increase the property's value.
Q: Are there special considerations for senior citizens or disabled property owners?
A: Yes, Valencia County offers specific tax credits for low-income elderly residents and disabled veterans. These require separate applications with income and eligibility verification through the County Assessor's office.
