Press Release: Santa Fe County Assessor is Accepting Annual Property Valuation Freeze Applications
Santa Fe – April 26, 2011- Santa Fe County Assessor Domingo P. Martinez would like to remind residents that the Assessor’s Office is now accepting the annual valuation freeze application for property owners who qualify. Certain Santa Fe County property owners who occupy single-family dwellings may be eligible for a freeze on their taxable value as determined by the Santa Fe County Assessor’s Office. Freezing the property valuation will minimize future tax obligations for those who qualify.
The valuation freeze is available to property owners age 65 and older, those who are considered permanently disabled and whose total household modified gross income did not exceed $32,000 in 2010. All applicants must meet the income requirement. To qualify for the valuation freeze, you must apply annually no later than 30 days after the official date of mailing of the Santa Fe County Assessor’s Official Notice of Value. This year the deadline is May 16, 2011.
- Required supporting documentation when applying to qualify for the valuation freeze by age and income includes a completed application, proof of income (a copy of the property owner’s 2010 New Mexico income tax return and 2010 federal income tax return) and proof of age (a valid New Mexico driver’s license or birth certificate).
- Required supporting documentation when applying to qualify due to disability and income include a completed application, proof of income (a copy of the property owner’s 2010 New Mexico income tax return and 2010 federal income tax return) and an award letter from either Social Security or Workers’ Compensation confirming the permanent disability.
“It is important that people who may qualify for this freeze are aware of it,” said County Assessor Domingo Martinez, “We encourage people to apply and take advantage of this benefit, especially in these tough economic times.”
Property Valuation Freeze applications and other exemption forms are available at the Santa Fe County Assessor’s Office at 102 Grant Ave., Santa Fe, NM 87501 or www.santafecounty.org/assessor/downloadable_forms.
For more information contact the Assessor’s Office, (505) 986-6300 or visit www.santafecounty.org/assessor.