When is property valued?

All real property is valued on January 1st of each tax year. Improvements are valued on January 1st of each tax year, for improvements under construction at the time the valuation is adjusted depending on the percent completed. Personal property is also valued on January 1st of each tax year, but only that personal property used in the conduct of a business is taxed. Livestock is also valued on January 1st of each tax year, or as of the date they enter the County of Otero.

Show All Answers

1. When is property valued?
2. How are property values determined?
3. What if I don't agree with the value placed on my property?
4. Are any exemptions from ad valorem taxes available?