How can I appeal a property tax assessment?

In New Mexico, property tax assessments can be appealed if the taxpayer believes that the assessed value of their property is incorrect. The appeal must be filed within 30 days of the date that the taxpayer received the tax bill. The appeal is filed with the local Board of Tax Appeals. The taxpayer must provide evidence in support of their claim. This can include proof of the property’s sale price, comparable sales data, and appraisals. The Board of Tax Appeals will review the evidence and may make revisions to the assessment if the evidence shows that the assessment is incorrect. The taxpayer can also appeal the Board of Tax Appeals’ decision at the district court level. The taxpayer must file this appeal within 15 days of receiving the Board of Tax Appeals’ decision. At the district court level the taxpayer must provide additional argument and evidence to support their claim. It is important to understand that even if the taxpayer’s appeal is successful, the court can only lower the assessment, and any taxes that have been overpaid due to the incorrect assessment will not be refunded. Therefore, taxpayers should take care to review their assessments carefully and file an appeal if they disagree with it.

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