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Santa Fe County Assessor presents 2025 valuation report; office reports 4% net taxable value growth
Summary
Assessor Isaiah Romero presented the 2025 annual report and property valuation maintenance program to the Board, reporting roughly 4% growth in net taxable value, changes to veteran exemptions, and ongoing modernization projects including a workflow system and GIS upgrades.
Santa Fe County Assessor Isaiah Romero briefed the Board of County Commissioners on May 13 about the assessor’s 2025 annual report and property valuation maintenance program, reporting a net taxable value increase of roughly 4% over the prior year and outlining office modernization work.
Key points: Romero said the county’s market value base for 2025 is about $12.014 billion for real estate, with the assessor’s office reporting a 5.97% increase in total real estate market value over 2024 and an overall net taxable value increase of about 4%. He told commissioners that new constitutional amendments increased the veterans’ exemption (noting a rise in the allowable exemption in 2025) and that an additional disabled‑veterans exemption change will take effect next year and further reduce taxable valuations for…
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