Lower property taxes for Sierra Countians, Villagers and Elephant Butteans—sorry TorCeans

Property values went up, so taxes went down slightly. That sounds antithetical, doesn’t it? And how often do you see taxes go down?

Taxes are reckoned “per thousand” or by mills. There are more per thousands being collected, so in order to collect the same amount of revenue, taxes were adjusted lower.

The only local government that sought more revenue was Truth or Consequences, which imposed a new $4.535 per thousand tax for “municipal debt,” which was approved by voters a couple of years ago to pay off $3 million in general obligation bonds for water, sewer and road repairs.

Sierra County, residential, 2023: $30.684 per $1,000 assessed property value

Residential, 2024: $29.896

                                             Minus:  $00.788

 

Truth or Consequences, residential, 2023: $26.221 per $1,000 assessed property value

Residential, 2024: $30.329

 Plus:  $4.108

 

Elephant Butte, residential, 2023: $28.891 per $1,000 assessed property value

Residential, 2024: $28.509

Minus:  $00.382

 

Village of Williamsburg, residential, 2023: $26.371 per $1,000 assessed property value

Residential, 2024: $25.95

                                                               Minus:  $00.421    

Let us say that you own a home worth $300,000, which would be taxed on one-third its market value, which would be $100,000. If that home is in the county, you would pay $78.80 less this year than last year. If that home is in T or C, you would pay $410.08 more this year than last year. If that home is in Elephant Butte, you would pay $38.20 less this year than last year. If that home is in the Village of Williamsburg, you would pay $42.10 less than last year.

 

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Kathleen Sloan
Kathleen Sloan

Kathleen Sloan has been a local-government reporter for 17 years, covering counties and cities in three states—New Mexico, Iowa and Florida. She has also covered the arts for various publications in Virginia, New Mexico and Iowa. Sloan worked for the Truth or Consequences Herald newspaper from 2006 to 2013; it closed December 2019. She returned to T or C in 2019 and founded the online newspaper, the Sierra County Sun, with Diana Tittle taking the helm as editor during the last year and a half of operation. The Sun closed December 2021, concurrent with Sloan retiring. SierraCountySun.org is still an open website, with hundreds of past articles still available. Sloan is now a board member of the not-for-profit organization, the Sierra County Public-Interest Journalism Project, which supported the Sun and is currently sponsoring the Sierra County Citizen, another free and open website. Sloan is volunteering as a citizen journalist, covering the T or C beat. She can be reached at kathleen.sloan@gmail.com or 575-297-4146.

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