Damjan Lara promotes Value Freeze program for seniors and disabled homeowners

Bernalillo County Assessor Damjan Lara announced a vital program aimed at protecting seniors from rising property taxes during a recent meeting. The Value Freeze program is designed for residents aged 65 and older, or those with disabilities, who earn less than $42,900 annually. This initiative allows eligible participants to freeze their property values, ensuring that they are not burdened by increasing taxes that could jeopardize their ability to remain in their homes.

Lara emphasized the importance of this program, noting that many older Americans fear that escalating property taxes could force them out of their long-time residences. By participating in the Value Freeze program, seniors can gain peace of mind and financial stability.

Residents are encouraged to check their eligibility for the program and learn more about how it can benefit them. The Assessor's office is available to assist those who need help navigating the application process. This initiative represents a significant step in supporting the community's senior population and ensuring they can continue to live in their homes without the fear of rising property taxes.