Bernalillo County Assessor

💭 Did You Know?

The 3% annual increase many homeowners hear about is actually a state law cap on property value increases for certain residential properties it is not an automatic increase every year.

Some properties may:
✅ Increase by less than 3%
✅ Stay the same
✅ Even decrease in value

A change from a 3% cap to a 2% cap would require action by the New Mexico Legislature, as the Assessor’s Office does not have the authority to change state law.

It’s also important to remember: Property values and property taxes are not the same thing. The Bernalillo County Assessor’s Office determines property values, while tax rates are set by other taxing entities.

Questions about your property value? We’re here to help!