Rate Breakdown

Property taxes in Catron County are calculated by multiplying the assessed value (minus exemptions) by the total local millage rate.

How Property Tax Works in Catron County

In Catron County, property taxes are determined by a combination of the property’s assessed value and the local millage rate. The Catron County Assessor’s Office is responsible for identifying, locating, and valuing all taxable property within the county. The assessed value is generally 33.33% of the property's taxable value, as determined by market data and physical inspections.

Once the net taxable value is established, the property tax bill is calculated by applying the local millage rate (or tax rate). This rate is a composite of levies set by the state, the county, school districts, and other taxing entities. Because tax rates vary depending on your specific location within the county, your final bill reflects the unique combination of services provided in your district.

Available Exemptions

New Mexico offers several statutory exemptions that can reduce your total tax burden. It is essential to apply for these through the County Assessor’s office to ensure they are reflected on your annual statement:

• Head of Family Exemption: A $2,000 reduction in the net taxable value of your primary residence.
• Veterans’ Exemption: Qualified honorably discharged veterans or their unmarried surviving spouses may receive a reduction in taxable value.
• Disabled Veterans’ Exemption: A full exemption from property taxes on a primary residence for veterans who have been determined by the U.S. Department of Veterans Affairs to have a 100% permanent and total service-connected disability.
• Senior/Disabled Low-Income Valuation Freeze: For homeowners aged 65 or older, or those who are permanently disabled, who meet specific income requirements, this program freezes the valuation of their primary residence to protect against tax increases due to rising property values.

Payment Schedule & Deadlines

Property tax bills in Catron County are typically mailed by November 1st of each year. The payment schedule is as follows:

• First Half: Due by November 10th. If paid in full by December 10th, the first half is considered timely.
• Second Half: Due by April 10th. If paid in full by May 10th, the second half is considered timely.

Failure to pay by these dates results in the accrual of interest and penalties. Delinquent taxes become a lien against the property, and in extreme cases of non-payment, the property may be subject to a public auction through the state’s delinquent property tax process.

Appealing Your Assessment

If you believe your property’s valuation is incorrect or inequitable, you have the right to file a formal protest. You must file a written protest with the Catron County Assessor’s Office within 30 days of the date on your Notice of Value. Your appeal should include evidence supporting your valuation claim, such as comparable sales data, recent appraisals, or documentation of physical property defects. Following your submission, the Assessor’s office will review the evidence, and if a resolution is not reached, you may be scheduled for a hearing before the County Valuation Protests Board.