Property taxes expected to go down

The chart above figures theoretical tax bills for 2015 and 2016 in different areas of the county, based on county school districts.    The tax bills are based on property whose taxable value is $100,000.  The assessed value, a third of the taxable value, would be $33,333 and mill levies are applied to this value without deductions.

The chart above figures theoretical tax bills for 2015 and 2016 in different areas of the county, based on county school districts.
The tax bills are based on property whose taxable value is $100,000. The assessed value, a third of the taxable value, would be $33,333 and mill levies are applied to this value without deductions.

By Steve Hansen

Correspondent

Most Quay County property taxpayers will see their tax bills go down by a few dollars next year, according to county officials.

Exceptions include Logan non-residential taxpayers and horse owners, who will see slight increases in their 2016 taxes.

Janie Hoffman, deputy assessor, said the small decreases are due to increases in taxable value of county property paired with no change in the budgets used to configure the taxes.

The Quay County Commission approved the new tax schedule on Sept. 12.

In 2016, the net taxable value of county property totaled $201,158,062, according to a published tax schedule. In 2015, a comparable schedule lists total county property value at $194,009,707.

The New Mexico Department of Finance and Administration calculates the tax rates in mills, or dollars of tax per $1,000 in assessed value, Hoffman said.

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