News and Articles

From the Office of the Santa Fe County Assessor

County Assessor, Domingo P. Martinez, CGFM, NMCA
Chief Deputy Assessor, Gary Pérez, NMCA

County Assessor Accepting Annual Application for Valuation Freezes

Santa Fe, NM – March 7, 2012 - Certain Santa Fe County property owners who occupy single-family dwellings may be eligible to freeze their taxable value as determined by the Santa Fe County Assessor's Office. Freezing the property valuation will minimize future tax obligations for those who qualify.

The valuation freeze is available to property owners age 65 or older or those who are considered permanently disabled. All applicants must meet the income requirement. In order to meet the income requirement an applicant's total household modified gross income in 2011 could not exceed $32,000. Modified gross income is defined as all income from all sources undiminished by losses.

To qualify for the valuation freeze, you must apply annually no later than 30 days after the official date of mailing of the Santa Fe County Assessor's Official Notice of Value. This year's notices will be mailed March 12, 2012.

Supporting documentation required when attempting to qualify by age and income includes a completed application, proof of income (a copy of the property owner's 2011 New Mexico income tax return, and a copy of the property owner's 2011 federal income tax return), and proof of age (a valid New Mexico driver's license or birth certificate).

Supporting documentation required when attempting to qualify due to disability and income include a completed application, proof of income (a copy of the 2011 New Mexico income tax return, and a copy of the property owner's 2011 federal income tax return), and an award letter from either Social Security or Workers' Compensation confirming the permanent disability.

"It is important that people who may qualify for this freeze are aware of it," said County Assessor Domingo Martinez, "We encourage people to apply and take advantage of this benefit."

Applications are available at the Santa Fe County Assessor's Office at 102 Grant Ave., Santa Fe. Residents with Internet access may also download an application from www.santafecountynm.gov/assessor/downloadable_forms.

For more information contact Gary Perez, Chief Deputy Assessor at (505) 986-6332.