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Important Santa Fe Property Tax Information and Deadlines

You may have noticed the ads and the news briefs regarding Santa Fe property taxes. The information has been a little confusing, which I hope to clarify with this message.

All primary homeowners qualify for the “Head of Family” exemption, which is a $2,000 deduction on the taxable value of your home. This exemption is not automatic, you must call the assessor at 505-986-6300. It may have been done at closing, but not always. Worth checking.

Property owners can also “freeze” their property taxes if they are 65 years of age or older, permanently disabled (at any age) and had a modified gross income of 32k or less in 2010.

Veteran’s Exemption – is a $4,000 reduction in the taxable value of your real estate. Any honorably discharged veteran or the veteran’s unmarried surviving spouse may apply for this benefit.

100% Disabled Veteran Exemption – any veteran who is deemed 100% disabled (or the veteran’s unmarried surviving spouse) may qualify for a complete exemption from paying property taxes.

DEADLINE: The deadline to apply for these exemptions is 30 days after the official date of the “Notice of Value” mailing. These are typically mailed around April 1. You may apply in person or by mail. Call 505-986-6300  or go to www.santafecounty.org/assessor for more information. This is also the deadline in which to file a tax protest. Please note that last year’s mailing went out March 12.

Tax Assessor Going Door-to-Door

The Santa Fe Tax Assessor has hired an outside company to perform the “Data Collection Project.” They are going to each city and county property to take measurements, draw a sketch (no doors and windows indicated)  and ask questions if the property owner is available. The city portion of the project has been completed and the County project is now underway. This information will go out in the 2014 property valuation notices.

Letters are supposed to be sent to each homeowner 1-2 weeks before they arrive in your neighborhood.

Reporting Improvements

If you have made improvements to your property at a cost of $10,000 or more, you must report this information to the Assessor’s office by the last day of February 2013. This includes all new construction such as structures, addition and any other improvements. Property that has not been reported may be subjected to the imposition of back taxes for up to 10 years.

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Eldorado and Santa Fe Events Calendar – Feb. 11-21, 2013

Here is the events calendar for Feb. 4–14, 2013. It lists cultural events for the Eldorado, NM and Santa Fe area.

Check out the link below for details from the Santa Fe Convention and Visitor’s Bureau.

 

http://santafe.org/perl/page.cgi?p=emailcalendar&t=calendar&utm_campaign=consumer-target&utm_medium=EmailWebpage&utm_source=2013-Feb-10day-Calendar&utm_content=ViewasWebpage

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Eldorado Real Estate Report – August 2012 – January 2013

Greetings All –

Here is the monthly Eldorado Real Estate report, covering homes in Eldorado available for purchase for the last six months, from August 2012 through January 2013.

Inventory continues to be low with sales remaining strong. Now is a great time to list because competition not as great as it usually is in Eldorado.

– 40 active listings in January.
– 11 properties went under contract and 6 sold in the month of January.

– $154 was the average price per square foot for January. Remember it depends on the size of the house, the larger the house, the lower the price per square foot. This has ranged from $149 – $180 over the last six months.

-258 were the average days on the market last month – an increase of 126 days over December 2012. This means some old inventory was finally sold.

– 95% is the sales price vs. listing price for January. This has ranged from 94% – 99% for the last 3 years.

– 360K was the average listing price for January.
– 314K was the average sales price for January.

– 6.7 months of inventory – which means the length of time it would take to sell all the homes listed in Eldorado at the current rate of sales. Eight months indicates a healthy real estate market, so Eldorado still remains a very popular neighborhood.

 

*** Publisher’s Note ***:
If your email program is not displaying the chart graphs properly, please click on the following link which will take you to a web page that contains the graphs:
Show charts

TrendVisionTM
Published Feb. 2013
Location : Eldorado Subdivision (area 14)
Number of Homes For Sale vs. Sold vs. Pended    (Aug. 2012 – Jan. 2013)
Price Range: $0 – No Limit
SQFT Range: 0 – No Limit
All Residential Prop Prepared for you by: Lisa Smith, Santa Fe Properties
Bedrooms: 0 – No Limit
Full Bathrooms: 0 – No Limit
Half Bathrooms: 0 – No Limit
Year Built: 0 – No Limit

 

 

All reports presented are based on data supplied by the Santa Fe MLS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

 

TrendVisionTM
Published Feb. 2013
Location : Eldorado Subdivision (area 14)
Average Home Sold Price per SQFT    (Aug. 2012 – Jan. 2013)
Price Range: $0 – No Limit
SQFT Range: 0 – No Limit
All Residential Prop Prepared for you by: Lisa Smith, Santa Fe Properties
Bedrooms: 0 – No Limit
Full Bathrooms: 0 – No Limit
Half Bathrooms: 0 – No Limit
Year Built: 0 – No Limit

 

 

All reports presented are based on data supplied by the Santa Fe MLS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

 

TrendVisionTM
Published Feb. 2013
Location : Eldorado Subdivision (area 14)
Avg DOM & SP/LP %    (Aug. 2012 – Jan. 2013)
Price Range: $0 – No Limit
SQFT Range: 0 – No Limit
All Residential Prop Prepared for you by: Lisa Smith, Santa Fe Properties
Bedrooms: 0 – No Limit
Full Bathrooms: 0 – No Limit
Half Bathrooms: 0 – No Limit
Year Built: 0 – No Limit

 

 

All reports presented are based on data supplied by the Santa Fe MLS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

 

TrendVisionTM
Published Feb. 2013
Location : Eldorado Subdivision (area 14)
Avg Price For Sale & Sold    (Aug. 2012 – Jan. 2013)
Price Range: $0 – No Limit
SQFT Range: 0 – No Limit
All Residential Prop Prepared for you by: Lisa Smith, Santa Fe Properties
Bedrooms: 0 – No Limit
Full Bathrooms: 0 – No Limit
Half Bathrooms: 0 – No Limit
Year Built: 0 – No Limit

 

 

All reports presented are based on data supplied by the Santa Fe MLS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

 

TrendVisionTM
Published Feb. 2013
Location : Eldorado Subdivision (area 14)
Months of Inventory based on Closed Sales    (Aug. 2012 – Jan. 2013)
Price Range: $0 – No Limit
SQFT Range: 0 – No Limit
All Residential Prop Prepared for you by: Lisa Smith, Santa Fe Properties
Bedrooms: 0 – No Limit
Full Bathrooms: 0 – No Limit
Half Bathrooms: 0 – No Limit
Year Built: 0 – No Limit

 

 

All reports presented are based on data supplied by the Santa Fe MLS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
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