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County assessor asks for $4 million to rebuild reappraisal fund; commissioners seek clearer accounting
Summary
Assessor Gina Eugenia Montoya Ortega presented the 2025 annual report, said the assessor’s 1% reappraisal fund was commingled historically, and requested $4 million restored to the 1% fund for a 24‑month countywide reappraisal. Commissioners asked for a resolution with finance and legal and requested more detail on fund balances and staffing.
Doña Ana County Assessor Gina Eugenia Montoya Ortega told commissioners May 13 that the assessor’s office needs a two‑year reappraisal project and formally requested that $4 million be reallocated into the assessor’s 1% reappraisal fund from the county general fund to support the work.
Why it matters: New Mexico statute requires county assessors to maintain current property valuations; reappraisals affect tax equity and the annual distribution of property-tax revenue among the county and taxing entities. The assessor said historical commingling of the 1% reappraisal fund with general funds left the office unable to complete statutorily required reappraisals since 2008.
What the assessor said: Gina Eugenia Montoya Ortega presented the office’s annual property valuation and maintenance plan citing NMSA requirements and sales‑ratio metrics. Adrian Acosta, the assessor’s data analyst coordinator, told the board the office added roughly $500 million in taxable value in 2025 and that the county’s median sales…
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