- Special Sections
- Public Notices
If you haven’t already received one, property owners in Los Alamos County can expect a letter from the county assessor’s office in their mailboxes soon.
On or before Wednesday, each property owner will receive a notice of value for his or her property. The county assessor is an elected official responsible for valuing property in the county as directed by state laws known as the New Mexico Property Tax Code.
The assessor doesn’t set the tax rates. Instead, the assessor’s primary responsibility is to establish a property’s market value. The property that is valued includes both real and personal property.
Real property is generally identified as land and all of the things attached to that land. Residential land and improvement and all types of commercial land and improvements would be an example of real property.
Personal property is generally identified as all other property. Business personal property such as fixtures, equipment and furniture, mobile homes and livestock are some examples of personal property.
According to the county assessor’s website, constant searching for information is required so that an accurate analysis of the market is done to estimate the fair market value of properties.
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