Doing Business in Rio Rancho

Taxation

Property Tax

Business locating operations in Rio Rancho will be subject to property taxes among the lowest in the country.  Most property is appraised by the Sandoval County Assessor’s and taxes are imposed on one-third of assessed value (.33). The applicable property tax rate depends on the property type and location. Tax bills are mailed November 1 of each year. At least one-half of the total bill must be paid by December 10 to avoid delinquent charges of interest and penalties. The second-half payment becomes due on the following April 10 and must be paid by May 10 to avoid delinquent charges. Property-in-transit through the state or warehoused for delivery out-of-state is exempt. The following table provides the non-residential tax rates for Rio Rancho.

Rio Rancho Residential and Non-Residential Property Tax Rates for Tax Year 2007

 
South of Northern Blvd. R

South of Northern Blvd. NR

North of Northern Blvd.  R

North of Northern Blvd.  NR

Quail Ranch

(Bernalillo County)

R1-A  NR

Total State

1.221

1.221

1.221

1.221

1.221

Total County

5.800

6.038

5.800

6.038

11.804

Total Municipal

7.974

4.544

7.974

4.544

4.544

Total School District

10.624

9.564

10.624

9.564

11.152

Total Other

2.992

3.495

N/A N/A 6.500

Grand Total

28.611 24.862 25.619 21.367 35.221

 

To download Sandoval County's 2007 Certificate of Tax Rates, CLICK HERE.

To download Bernalillo County's 2007 Certificate of Tax Rates, CLICK HERE.

(Please remember that Quail Ranch, located in Bernalillo County, is part of the City of Rio Rancho.)