Albuquerque Journal (Albuquerque, NM)

Sticker Shock In Rio Arriba.(Journal North)(Editorial)


'Tax lightning" has struck Rio Arriba County. The term is taxpayer-revolt shorthand for what happens when property values skyrocket -- and, with them, your property tax bill.

In Rio Arriba and seven other mostly rural counties around the state this year, "tax lightning" is mainly assessor-induced. Years of inaction by some county assessors has kept property valuations -- the basis for calculating taxes -- well below real estate market values. Assessors are now scrambling to meet a state-imposed, end-of-the-year deadline to update valuations to within 85 percent of market value.

Taxpayers in Rio Arriba, and probably in Taos, Mora and Colfax counties, as well, can expect sticker shock in November when tax bills arrive. …

Log in to your account to read this article – and millions more.