- Assessor site
- https://countyofmora.com/departments/county-assessor/ ↗
- Search by
- address; owner name; account/parcel number
- Reassessment cycle
- TAXABLE VALUE = ONE-THIRD (33⅓%) of market value — rates apply to the one-third figure, so protest math is diluted 3:1 (a $30k market reduction removes only $10k of taxable base). Annual valuation under the 'current and correct' standard (§7-36-16); Notices of Value mailed ~April 1; residential and non-residential taxed at different rates.
- Reassessment trigger
- Annual for commercial — NO CAP. The 3% cap (§7-36-21.2) is residential-only and RESETS on sale, improvement, or reclassification ('tax lightning' for buyers). Statewide moderator instead: YIELD CONTROL (§7-37-7.1) ratchets mill rates DOWN when a jurisdiction's reassessed base rises, so revenue grows only ~with inflation — broad value spikes do not become proportional tax spikes, but a property appreciating faster than its jurisdiction absorbs shifted burden.
- Personal & intangible property
- Business personal property rendered annually — but only TPP with FEDERAL DEPRECIATION claimed is reportable (§7-36-8B(7)): equipment, fixtures, computers. Practical result: business inventory is effectively outside the tax. Livestock and mobile homes separately valued.
- CRE forecasting note
- Forecast commercial as uncapped annual value at a one-third ratio, moderated by jurisdiction-level yield control. STRICT 30-DAY protest window from NOV mailing (~Apr 1) to the county Valuation Protests Board (or pay + district-court refund claim). Sales disclosure is asymmetric: residential affidavits required; commercial effectively NON-DISCLOSURE — thin assessor comp data cuts both ways. NM leans on gross receipts tax, softening property-tax politics.
- Residential note
- 3% annual valuation cap on residential (§7-36-21.2), resetting on sale/improvement/reclassification — buyers face 'tax lightning' vs the seller's capped value; $2,000 head-of-family exemption, veterans exemptions (recently expanded), and the 65+ low-income valuation freeze; residential sale prices must be disclosed by affidavit.
RATIO CAUTION — One-third taxable ratio dilutes protest math 3:1.
CAP RESET ON TRANSFER — Residential 3% cap resets on sale — 'tax lightning' for buyers.
APPEAL DEADLINE — STRICT 30-day protest from ~Apr 1 NOV.
REVENUE DRIVEN RATES — Yield control (§7-37-7.1) compresses mill rates as values rise.
DISCLOSURE ASYMMETRY — Residential affidavits required; commercial effectively non-disclosure.
Primary sources: NM DFA yield-control formula; NM Legislature LFC brief; §§7-35-2, 7-36-8/16/21.2/33, 7-37-7.1 NMSA; county assessor pages (as of 2026-07-04). Confirm current rules and figures with the assessing authority before any use.