Politics

Albuquerque Property Tax Assessments Change Under New State Bill

Albuquerque residents in Bernalillo County will see property tax assessments updated through a new state bill tracker that standardises valuation methods across 312,000 parcels starting next year.

By Albuquerque Policy Desk · Published July 8, 2026

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Albuquerque Property Tax Assessments Change Under New State Bill — Photo by kateausburn / flickr (by)

New Mexico House Bill 312, now listed on the state legislature bill tracker, requires county assessors to adopt uniform software for residential property valuations. The change directly covers Albuquerque homeowners whose properties fall under Bernalillo County jurisdiction.

The 2026 legislative session closed on 28 March, and the bill tracker was updated on 2 July to include implementation timelines. State budget documents show the measure responds to a 2025 audit that found valuation inconsistencies in 14 counties, including Bernalillo.

Albuquerque households with homes valued above $250,000 will receive new assessment notices by mail in November 2026. The tracker indicates the software will recalculate taxable values using 2025 sales data from the Albuquerque metro area, which recorded 8,400 residential transactions last year.

Local service funding links

Policy analysts at the University of New Mexico Bureau of Business and Economic Research note that property tax revenue supports Albuquerque Public Schools and city fire services. The legislation states that any net revenue increase must be reported quarterly to the state Department of Finance and Administration.

State records list a $4.7 million allocation for assessor training and software licences, with Bernalillo County scheduled to receive $1.1 million of that total. Community advocates in the International District have requested public briefings on how the new system will handle older homes built before 1980.

Next steps for residents

The government says the policy will produce final assessment rolls by 15 December 2026. County offices in Albuquerque will open a 30-day appeal window beginning 1 January 2027 for property owners who disagree with the revised figures.

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