HM44
Type: M Origin: House New Mexico Comments: 0

Property Assessment Disparity Correction

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The "Property Assessment Disparity Correction" bill aims to address disparities in property assessments by implementing measures to ensure fair and accurate property valuations. Key provisions include establishing guidelines for assessing properties, promoting transparency in the assessment process, and providing mechanisms for property owners to appeal assessments. This bill seeks to reduce inequities in property tax burdens and improve overall fairness in property valuation practices. If enacted, it could lead to more consistent and equitable property assessments across different regions or jurisdictions.

Bill Activity

  • 2024-02-01: Sent to HCEDC - Referrals: HCEDC

  • 2024-02-06: HCEDC: Reported by committee with Do Pass recommendation

  • 2024-02-06: Action Postponed Indefinitely

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