PROPERTY TAX RATESare the total of a complex set of factors and calculations. Many different governmental units or subdivisions (taxing authorities) can impose property taxes. Each individual taxing authority has limitations to its authority set by State law. Taxing authorities that contribute to the total property tax rate include: the State, the County, municipalities, school districts, the Community College, water and sewer districts, and special assessment districts. Rates also differ between residential and non-residential property within each taxing authority's jurisdiction.

BECAUSE OF THE DIFFERENT TAXING AUTHORITIES, your property tax rate may be very different from your family or friends who live in a different part of Santa Fe County. The municipality in addition to the school district and any special assessment districts in which you live all play a role in the tax rate for your property.

YOUR PROPERTY TAX RATEalso includes the repayment of General Obligation bonds. A General Obligation bond is governmental debt which is repaid with property taxes. Because debt repayment comes from property taxes it impacts property tax rates. General Obligation bonds are sold to finance major infrastructure projects such as water and sewer lines, roads, fire stations, etc.

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