News and Articles

FOR IMMEDIATE RELEASE

From The Office of the Santa Fe County Assessor

County Assessor Accepting Annual Applications For Valuation Freezes

Santa Fe, NM - February 8, 2013 - Certain Santa Fe County property owners who occupy single-family dwellings may be eligible for a freeze of 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 65 or older or for those who are considered permanently disabled, and whose total household modified gross income did not exceed $32,000 in 2012. All applicants must meet the income requirement. 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 in April.

Supporting Documentation Is Required When Attempting To Qualify By Age And Income

• A completed application
• Proof of income (a copy of the property owner’s 2012 New Mexico income tax return, and a copy of the property owner’s 2012 federal income tax return)
• 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

• A completed application
• Proof of income (a copy of the 2012 New Mexico income tax return, and a copy of the property owner’s 2012 federal income tax return)
• 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.

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