From the Las Cruces Sun-News - County Commission OKs increase in tax rate - LAS CRUCES - Don't be surprised if you have to dig a bit deeper into your pockets to pay your 2010 property tax bills later this year. Dona Ana County commissioners on Tuesday OK'd this year's property tax rates, which increased in all municipalities and unincorporated regions of the county. But whether your tax bill - mailed out in November - actually rises and by how much depends on your individual circumstances. That's because tax rates are applied to taxable value - a notice sent out in the spring - to get the tax bill. So, if your assessment was lowered in 2010, you might not see a tax increase. However, if your tax assessment was unchanged from 2009 to 2010, you'll see an increase in your bill. For instance, rates for residential properties in Las Cruces increased by 2.07 percent. So, if you own a $100,000 home - full value, not taxable value - in the city, you paid about $910 last year. That will increase by nearly $19 this year. Read more here:
Are You Kidding? No I'm Serious
Posted by
Jim Spence
on Wednesday, September 15, 2010
Labels:
New Mexico News
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