BernCo Property Taxes 2013

Posted in the Placitas Forum

“US Navy”

Since: Jan 10

Location hidden

#1 May 1, 2013
So in today's mail comes the next notice of valuation, and of course the value went up again ($1200 more), as per that assessment. A short bit ago the news alludes to this whole thing and the fact that the local housing market in Abq has dropped some 15% in values. So they asked BernCo why valuations are up and yet home values are actually down. BernCo of course used the decades old worn out BS excuse they are still playing catch-up (the old 3%/year excuse). Right! And some people actually believe that huge load of warm horse puckie. Twenty years from now they'll still be spewing that load of manure and the Sheeple will swallow it, hook, line and sinker. I gave at the office, the check's in the mail, it's only a cold sore and I'll still love you in the morning!

What's also amusing is this years NoV gives the rate I was taxed (mill levy amount/thousand$ of value) for the first time.
My valuation

Santa Fe, NM

#2 May 1, 2013
CornDogz wrote:
So in today's mail comes the next notice of valuation, and of course the value went up again ($1200 more), as per that assessment. A short bit ago the news alludes to this whole thing and the fact that the local housing market in Abq has dropped some 15% in values. So they asked BernCo why valuations are up and yet home values are actually down. BernCo of course used the decades old worn out BS excuse they are still playing catch-up (the old 3%/year excuse). Right! And some people actually believe that huge load of warm horse puckie. Twenty years from now they'll still be spewing that load of manure and the Sheeple will swallow it, hook, line and sinker. I gave at the office, the check's in the mail, it's only a cold sore and I'll still love you in the morning!
What's also amusing is this years NoV gives the rate I was taxed (mill levy amount/thousand$ of value) for the first time.
still has a long way to go to reach my purchase price from 15 years ago and is still less than half of what would be considered fair market value today and considerably less than at the peak. Maybe your county is a little more aggressive, but I don't see properties being overvalued by the assessors here.

“US Navy”

Since: Jan 10

Location hidden

#3 May 1, 2013
My valuation wrote:
<quoted text>
still has a long way to go to reach my purchase price from 15 years ago and is still less than half of what would be considered fair market value today and considerably less than at the peak. Maybe your county is a little more aggressive, but I don't see properties being overvalued by the assessors here.
It's interesting how the various counties do their valuations. In BernCo they are for the most part (not incl the tax lightning thing) capped at 3%/year. When homes can't sell for what they did 5-10-15 years ago, their value is less. However their assessed value for tax purposes isn't. Either way, even if the valuation goes down, the mill levy will increase to compensate so in the end you can expect your out of pocket taxes in $ & to increase annually.

What really baffles me is a couple years ago BernCo was "forced" to accept a mandate from the NM Legislature where they had to charge more money to taxpayers,something other than prop taxes, even though they publicly said they didn't need it. Sure pissed of the legislature w/ that admission<G>.

“Each Thought Creates A Reality”

Since: Nov 08

Location hidden

#4 May 2, 2013
Well, living in Hidden Location, NM explains why your property taxes are up. Don't own property and your problem would be solved. Or rent it out and pass the increase on to the renters. A win win.

“I ain't afraid of no ghosts.”

Since: Aug 08

Dear old mucky Drasnia

#5 May 2, 2013
Which is why in a few months, when I buy, I will not be buying in Albuquerque, or BernCo at all. I like Rio Rancho, and the fact that our taxes are half those of Albuquerque (if even that much at all) is only one of the reasons I will be buying up here.
Yeah

Santa Fe, NM

#6 May 2, 2013
Silk_the_Absent1 wrote:
Which is why in a few months, when I buy, I will not be buying in Albuquerque, or BernCo at all. I like Rio Rancho, and the fact that our taxes are half those of Albuquerque (if even that much at all) is only one of the reasons I will be buying up here.
and if your neighbor sneezes you can hand him a Kleenex just by opening the window.

“I ain't afraid of no ghosts.”

Since: Aug 08

Dear old mucky Drasnia

#7 May 2, 2013
Yeah wrote:
<quoted text>
and if your neighbor sneezes you can hand him a Kleenex just by opening the window.
I don't know where you are looking at property up here, but I currently live on a half-acre, and most of the properties up here are a quarter acre. Most properties in ABQ are smaller than that, some by a long shot.

“US Navy”

Since: Jan 10

Location hidden

#8 May 2, 2013
Willothewisp wrote:
Well, living in Hidden Location, NM explains why your property taxes are up. Don't own property and your problem would be solved. Or rent it out and pass the increase on to the renters. A win win.
Not so, taxes are figured into the rent anyone pays, be it a home or an apartment.

“US Navy”

Since: Jan 10

Location hidden

#9 May 2, 2013
Silk_the_Absent1 wrote:
Which is why in a few months, when I buy, I will not be buying in Albuquerque, or BernCo at all. I like Rio Rancho, and the fact that our taxes are half those of Albuquerque (if even that much at all) is only one of the reasons I will be buying up here.
As long as you can live in a dust bowl & can accept higher cost for utilities etc, that's cool. It has some benefits but not as many as you might think. Just saying...

“I ain't afraid of no ghosts.”

Since: Aug 08

Dear old mucky Drasnia

#10 May 2, 2013
CornDogz wrote:
<quoted text>
As long as you can live in a dust bowl & can accept higher cost for utilities etc, that's cool. It has some benefits but not as many as you might think. Just saying...
I've weighed the options, but it boils down to this. No mandatory emissions testing, no overzealous animal control laws telling me I can only have 3 dogs or cats (yep, Albuquerque wants to pass that one BADLY), significantly lower taxes, no dealing with ABQ Solid Waste, and higher resale value are worth it to me.

“I ain't afraid of no ghosts.”

Since: Aug 08

Dear old mucky Drasnia

#11 May 2, 2013
Ugh. That came out more flippant than intended. I actually have weighed the options, but found that the benefits far outweighed the costs for me.

The reality is that I gradate next week. I'm going into grad school for my Masters in Counseling, and then on to my PsyD. My fiancee is a pre-med student and will be going into trauma medicine. For both of us, our goal is SoCal, and so our house that I buy here will really only be lived in by us for a few years, though I will keep it, and rent it out when we do move.

“US Navy”

Since: Jan 10

Location hidden

#13 May 2, 2013
Silk_the_Absent1 wrote:
<quoted text>
I've weighed the options, but it boils down to this. No mandatory emissions testing, no overzealous animal control laws telling me I can only have 3 dogs or cats (yep, Albuquerque wants to pass that one BADLY), significantly lower taxes, no dealing with ABQ Solid Waste, and higher resale value are worth it to me.
In the end you trade one set of problems/benefits for another. Hope it works for you. Many like it there. I don't want anything to do w/ Rio Rathole myself but... Their Mayor doesn't impress me int he least, nor their council. Seems the utility costs are a lot higher than here (and rising), and much less predictable from what I gather.

“US Navy”

Since: Jan 10

Location hidden

#14 May 2, 2013
Silk_the_Absent1 wrote:
Ugh. That came out more flippant than intended. I actually have weighed the options, but found that the benefits far outweighed the costs for me.
The reality is that I gradate next week. I'm going into grad school for my Masters in Counseling, and then on to my PsyD. My fiancee is a pre-med student and will be going into trauma medicine. For both of us, our goal is SoCal, and so our house that I buy here will really only be lived in by us for a few years, though I will keep it, and rent it out when we do move.
I'm sure you've looked at it from all possible angles and suspect you'll be happy in the end. Good luck! There are worse things than owning a home<VBG>.

“US Navy”

Since: Jan 10

Location hidden

#15 May 2, 2013
Silk_the_Absent1 wrote:
Ugh. That came out more flippant than intended. I actually have weighed the options, but found that the benefits far outweighed the costs for me.
As I think of it, don't they still have only one post office, for the 3rd largest city in NM? Seems it was just a year ago. Lot of voting problems too IIRC.

“Each Thought Creates A Reality”

Since: Nov 08

Location hidden

#16 May 2, 2013
CornDogz wrote:
<quoted text>
from all possible angles and suspect you'll be happy in the end. <VBG>.
that was the best...couldn't make that up. you are screwed. you said it so well...

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