COUNTY News:
Los Alamos County has received its 2015 property tax levies from the New Mexico Department of Finance Administration (DFA).
The residential levy is 24.430 mills, an 8.17 percent increase from the 2014 levy of 22.584 mills. The non-residential levy is 27.496 mills, a 7.19 percent increase from the 2014 levy of 25.652 mills.
In dollar terms, these levies are respectively $24.43 and $27.496 per $1,000 of taxable assessed value.As an example, a house with an assessed market value of $300,000 has an assessed taxable value of $100,000 (1/3 of market). Assuming no other exemptions, the tax will be 100 x $24.43, or $2,443.
Detailed information regarding property tax rates is available at http://www.losalamosnm.us/assessor/Pages/TaxRates.aspx. The DFA calculates tax levies for each county using information it annually receives fromtaxing entities such as schools, universities, municipalities, counties, the state, and special districts, such as water or improvement districts.
The calculation also utilizes a complex yield control formula that limits changes in tax revenue caused by changes in property values. The Assessor’s Office encourages eligible property owners to utilize applicable exemptions that lower their tax bill.
Forms for some of the exemptions can be downloaded from http://www.losalamosnm.us/assessor/Pages/AssessorForms.aspx. Tax bills will be sent by the County Treasurer Nov. 1. A FAQ is available at the County Assessor’s website, http://www.losalamosnm.us/assessor/Pages/AssessorFAQs.aspx.
