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Reporting property changes & legislative issues

The latest episode of our podcast brought essential insights into property tax management and legislative developments affecting homeowners. Isaiah Romero and Ivan Berry, from the county assessor’s office, joined us to discuss critical deadlines for reporting property changes. With February 28th as the pivotal date, they emphasized the requirement for property owners to declare any improvements exceeding $10,000 to ensure accurate tax assessments.Listeners were guided on the procedural aspects of changing property usage, which could impact tax rates. Isaiah provided practical examples, like converting a property part from commercial to residential, highlighting the need for accurate reporting to reflect the associated tax rate changes. This conversation underscored the need for property owners to stay informed and proactive in managing their tax obligations.

A fascinating part of the discussion focused on the latest technological tools used in property assessment. The speakers elaborated on orthophotography, a technique offering a bird’s-eye view of properties, which assists the office in verifying structural changes. This innovative approach ensures that all physical alterations are captured comprehensively, maintaining the tax roll’s integrity.

The hosts shifted their focus to legislative changes impacting the veterans’ community. With promising updates on exemptions for disabled veterans, an increase from $4,000 to $10,000 in reductions for the upcoming years was discussed. Isaiah and Ivan detailed their engagement in legislative advocacy to advance these beneficial measures, encouraging public participation to influence positive legislative outcomes.

Our guests stressed the importance of public involvement in legislative sessions, making a compelling case for increased civic engagement. They highlighted the discrepancy in representation for single-family homeowners compared to organized groups for commercial and industrial interests. The episode served as a clarion call for individuals to advocate for their interests in legislative settings.

Isaiah’s recent election as chair of the Assessor’s Affiliate was also covered, demonstrating his commitment to improving property assessment practices statewide. The role involves uniting assessors across New Mexico to tackle challenges such as technological implementation and achieving consistency in valuations.

Finally, listeners were equipped with practical steps to engage with the legislative process, including navigating the New Mexico Legislature website and participating in public comment opportunities, either in person or via webcast. This comprehensive discussion provided listeners with the tools and knowledge to safeguard their property interests while contributing to community welfare.

 

Today, we're talking about a February 28, 2025 deadline and the steps to follow when reporting property changes to the county assessor's office. Isaiah Romero, the County Assessor, and Ivan Berry, the Deputy County Assessor, join us to break down everything from property investments and changes in usage to how these shifts can impact your taxes. If you're thinking about converting your property or have made improvements over $10,000, this conversation is a must-listen.

 

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