Subd: ANY SUBDIVISION 2 LOT: 123 S: 5 T: 19N R: 6E

Verify that your physical address and Property Legal description is correct.is correct.

Verify that the property Classification is correct.

Current Year Valuation This is the Valuation that the County Assessor has determined for your property. The Full Value should reflect Market Value. (residential property are subject to a 3% valuation limitation – see item 2 on reverse side) Taxable Value is 33.33% of Full Value. Net Taxable Value is Taxable Value minus Exemptions.

Verify that your mailing address is correct. The name and address is the information we get from the documents recorded at the County Clerk’s Office. If you wish to change the mailing address, mail in the bottom portion of the reverse side of the form to the Los Alamos County Assessor’s Office.

Head of Family Exemption If you have been a New Mexico resident as of January 1st and are the head of household furnishing more than one-half the cost of support of any related person; or a single person, you may qualify for this exemption.

Veterans Exemption If you and/or your spouse have been honorably discharged from membership in the armed forces of the United States you may qualify for this exemption.

Prior Year Valuation and Tax summary. This is the prior year valuation and tax information summary. Current Year Tax Rates will be determined by the Dept. of Finance and Administration by September and after all entities who receive revenues from property tax have submit their budgets. Tax Bills will be mailed out in November.

1234 ANY STREET, ANY CITY, ST 12345

PROPERTY CLASS UNITS FULL VALUE TAXABLE VALUE Residential Land 9,786 $30,000 $10,300 Residential Improvement $60,000 $20,600 Current Year’s Total Value $90,000 $30,900 Head of Household ($2,000) Veteran ($4,000) Current Year’s Net Taxable Value $24,900

March 31, 2019

April 30, 2019

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Previous Year’s RES Tax Rate: 24.374 Previous Year’s NON-RES Tax Rate: Previous Year’s Tax Amount: $563.77

DOE JOHN AND JANE 1234 ANY STREET ANYCITY, ST 81234 R012345

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Understanding Your Notice of Value

DOE JOHN AND JANE 1234 ANY STREET ANYCITY, ST 81234

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TAXABLE VALUE Previous Year’s Total Taxable Value $30,000 Previous Year’s Exemption Value ($6,000) Previous Year’s Net Taxable Value $24,000

Estimated RES Tax Rate: 24.374 Estimated NON-RES Tax Rate: Estimated Tax Amount: $606.91

If you are an owner of Business Personal Property, Livestock or Manufactured Home and have not reported the required information to the County Assessor’s Office, please do so as soon as possible to avoid further penalties. If you need further information or need assistance, visit our office (1000 Central Ave., Ste. 210), visit our website (www.losalamosnm.us/government/elected_officials/assessor), or contact our office (505.662.8030).

Protesting Valuation All property protests shall be filed no later than thirty days after the mailing of the Notice of Value. Protest period is stated on the upper front portion of this form.

Claiming Exemptions If you have previously declared exemptions on your property, they should be noted on the Valuation portion of this form and you need not to apply for them again. Is you haven’t done so and you are eligible, you have thirty days after the mailing of the Notice of Value to apply and submit to the County Assessor’s Office.

Valuation limitation based on income If you are 65 years or older or permanently disabled (at any age) and had a modified gross income of $32,000 or less in 2016, you may apply for the property valuation limitation for your residence. Application must be submitted along with proof of income, age & disability. Limiting the valuation increase will help minimize your property value increases.