Commission adopts low-income property tax rebate ordinance to begin tax year 2025, vote 4-0
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Summary
Bernalillo County commissioners adopted an ordinance authorizing a property tax rebate for low-income property taxpayers beginning tax year 2025; staff will notify the New Mexico Taxation and Revenue Department as required by statute.
The Bernalillo County Board of County Commissioners adopted an ordinance authorizing a low-income property tax rebate on Feb. 11, approving language staff said complies with the statutory requirement to notify the New Mexico Taxation and Revenue Department.
Senior fiscal analyst Audra Garcia presented the ordinance and said the county published notice on Jan. 31 and that, under statute, the county must provide a copy of the signed ordinance to the Taxation and Revenue Department no later than Sept. 1 of the first taxable year to which the ordinance applies. "This motion is to approve an ordinance authorizing a property tax rebate to benefit low income property taxpayers beginning in tax year 2025," Garcia said.
Commissioners praised finance and county attorney staff for drafting the short ordinance and for removing language that referenced tax increases. Commissioner Frank Baca said the rebate can help keep people in their homes amid rising costs; Commissioner Barbara Baca and others thanked staff for the work.
The board passed the ordinance by unanimous vote. Staff said they will furnish the signed ordinance to the Taxation and Revenue Department in compliance with the statute.
