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Assessor's office urges first-time buyers to confirm valuation, apply exemptions
Summary
At a Bernalillo County Q&A, staff said first-time homeowners should ensure their property's valuation is correct, apply qualifying tax exemptions such as the head-of-family exemption, and work with escrow or realtors so taxes collected at closing reflect current valuation.
A Bernalillo County Assessor's Office representative told a first-time homebuyer at a community Q&A that the office aims to support new homeowners by ensuring correct property valuations and applying any tax-savings programs available. "We really wanna help 1st time homeowners. 1st and foremost, we wanna make sure that we've got the correct valuation for your property," the representative said.
The representative listed three core steps: confirm that the county's valuation matches the property's current condition and purchase price, check eligibility for local property-tax programs such as the head-of-family exemption, and coordinate with escrow companies or realtors so the correct tax amounts are being collected at closing rather than relying on a prior owner's capped assessment. The office presented these steps as practical ways to avoid overpayment or incorrect tax withholding at sale.
Residents were told to contact the Bernalillo County Assessor's Office for case-specific eligibility questions.
