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Assessor outlines revaluation plan to reduce disparity between residential and nonresidential assessments; multifamily treatment clarified
2957863 · April 11, 2025
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Summary
Bernalillo County Assessor Damian Lara told commissioners on April 10 that his office is working to reduce disparities that have built up between residential and nonresidential property values.
Lede: Bernalillo County Assessor Damian Lara told commissioners on April 10 that his office is working to reduce disparities that have built up between residential property values (which were capped and grew roughly 44% over 10 years in the assessor's earlier audit) and nonresidential values (which increased only about 4% over the same period).
Nut graf: The assessor explained that…
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