In this morning’s interview with the Santa Fe County Assessor’s Office, key insights into property tax management and legislative updates affecting homeowners were brought to light. Santa Fe County Assessor Isaiah Romero and Chief Deputy Assessor Ivan Berry outlined the critical deadline for reporting property changes, stressing that any improvements exceeding $10,000 must be declared by February 28 to ensure accurate tax assessments.The officials explained that changes in property usage can have a direct impact on tax rates. Romero cited examples—such as converting part of a property from commercial to residential—to illustrate the need for precise reporting that reflects new tax obligations. The discussion underscored the importance for homeowners to remain informed and proactive in managing their tax responsibilities.
Advancements in property assessment technology also featured prominently. Officials detailed the use of orthophotography, an aerial imaging technique that offers a comprehensive view of properties, aiding in the verification of structural changes. This method ensures that all physical modifications are captured and accurately reflected in the tax roll.
Legislative developments concerning the veterans’ community were another focal point. Proposals to raise exemptions for disabled veterans—from a $4,000 reduction to $10,000 in the coming years—were discussed, with both Romero and Berry noting their active participation in legislative advocacy. They encouraged increased public involvement to help secure these beneficial measures.
The conversation further addressed a notable imbalance in representation, highlighting how single-family homeowners often have fewer advocates compared to organized commercial and industrial groups. The officials called on the public to actively participate in legislative sessions to better represent their interests.
Additionally, Romero’s recent election as chair of the Assessor’s Affiliate was highlighted, a role in which he aims to unify assessors across New Mexico to tackle challenges such as technological implementation and consistent property valuations.
The interview concluded with practical guidance on engaging with the legislative process, including navigating the New Mexico Legislature website and participating in public comment sessions—whether in person or via webcast. This comprehensive briefing provided homeowners with the necessary 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.
