Home > New Mexico > Valencia

Valencia County, New Mexico

444 Luna Avenue
P.O. Box 1119
Los Lunas, New Mexico 87031

Tel: 505-866-2001
Fax: 505-866-2025

County Website: Valencia county
Assessor Website: Valencia county assessor

Valencia County Property Assessment Adjustment Instructions

Contact the Valencia County Assessor's office and request an application for appealing your property taxes. (https://www.valencia.nm.us/departments/assessor/)
Fill out the application and provide any relevant evidence that supports your claim that your property is over assessed, such as recent appraisals or comparisons to similar properties in the area.
Submit the completed application and supporting documents before the deadline.
Attend a hearing in front of the Valencia County Board of Equalization, where you can present your case and answer any questions.
If the board agrees with you, your property taxes will be lowered.
If not, you can appeal the decision to the New Mexico State Board of Tax Appeals. (https://www.tax.newmexico.gov/property-tax-appeals)
You also can visit the Valencia County Assessor's Office website, where you can find more information about the appeals process, deadlines, and required forms. (https://www.valencia.nm.us/departments/assessor/)

URLs

Here's how to lower your property taxes in Valencia county

Contact the county assessor

Contact the Valencia county tax assessor's office and ask for a review of the property's value. Visit the Valencia county assessor's website to find the phone number to call. If the assessor determines that your property is worth less than the value on which your taxes are based, your property taxes may be lowered.

Tax exemptions

Start by finding what your tax bill is. Typically you will find your tax bill information on your mortgage statement. Look for tax exemptions or credits that you may be eligible for. Many states and localities offer exemptions or credits for homeowners who meet certain criteria, information such as being over a certain age or having a low income. Valencia county may have these types of exemptions available for homeowners. These exemptions and credits can lower the property tax you owe.

Appeal tax assessment

Appeal the property tax assessment. If you believe that your property's value has been overestimated, you can typically appeal the assessment to your Valencia county tax assessor's office. This is part of the services that your assessor's office provides. You will need to provide evidence to support your claim, such as a recent appraisal or sales data for comparable properties and homes in your area. Usually, you will meet with the Board of Equalization. If your appeal is successful, your property taxes may be lowered.

Challenge the tax rate

Consider challenging the tax rate. In some cases, the amount of property taxes you owe is not based on the value of your property, but on the tax rate set by your local government. If you believe that the tax rate is too high, you can contact your Valencia county government and ask them to consider reducing it.

Property Tax Rules

Stay up-to-date on your property's value and property tax rules. For the purpose of lowering your Valencia county property tax, property value is the assessed property value and not the market property value. Assessed property value is used for taxation purposes while market property value is what a buyer and seller would likely agree on. Typically the assessed value is lower than the market value. Your property's value can change over time due to a variety of factors, such as changes in the local real estate market or improvements you make to your property. To ensure that your property taxes are accurate and fair, it is important to stay informed about your property's value and contact Valencia county local tax assessor's office if you believe there has been a significant change.

Keep in mind that property tax laws and regulations can vary, so it is important to consult with your Valencia county New Mexico tax assessor's office for specific information about how to reduce your property taxes.

About Valencia County

Homes in Valencia county have a median home value of $147,721.

Valencia county home values are ranked 11 out of 33 counties in the state of New Mexico for median home price. The average median home value in New Mexico is $124,673. Quay county has the lowest median price at $69,479. Los Alamos county has the highest median price at $325,151.

Compared to the rest of the United States, Valencia county homes have a median home value that is above the national median value of $130,626 by ~13%.

New Mexico Median Home Values by County

The median household income in Valencia county is $50,801.

Compared to the state of New Mexico and the United States, Valencia county's median household income is higher than the state of New Mexico's average median household income of $45,107 and lower than the United States average median household income of $54,172.

income

Valencia county's population has grown from 45,235 in 1990 to 76,205 in 2020, an increase of 68% over that time frame.

For comparison, the state of New Mexico's population has grown from 1,515,069 in 1990 to 2,117,522 in 2020, an increase of 40% over that time frame.

In the United States, the population has grown from 248,790,925 in 1990 to 331,449,281 in 2020, an increase of 33% over that time frame.

Valencia county's population change from 1990 to 2020 is greater than the population change for New Mexico and the United States.

population

Valencia County New Mexico Cities

Bosque Farms, Boys Ranch, Jarales, Los Lunas, Peralta, Tome

Valencia County New Mexico Zipcodes

87002 / 87023 / 87031 / 87042 / 87060 / 87068 /

New Mexico Counties

Bernalillo / Catron / Chaves / Cibola / Colfax / Curry / De Baca / Doña Ana / Eddy / Grant / Guadalupe / Harding / Hidalgo / Lea / Lincoln / Los Alamos / Luna / McKinley / Mora / Otero / Quay / Rio Arriba / Roosevelt / San Juan / San Miguel / Sandoval / Santa Fe / Sierra / Socorro / Taos / Torrance / Union / Valencia

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