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County of Bernalillo Tanya R. GiddingsUnderstanding YourNotice of Value (NOV)Bernalillo County Assessor 501 Tiers, NW Albuquerque, NM 87102 (505) 2223700What is a Notice of Value? A Notice of Value
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Begin by carefully reading the instructions provided with the notice of value nov form. Familiarize yourself with the specific requirements and guidelines.
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Locate the relevant sections on the form where you are required to provide information. This may include personal details such as name, address, and contact information.
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Fill in the necessary details regarding the property for which the notice of value nov is being submitted. This may include the property address, ownership details, and any relevant identification numbers.
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Provide accurate information about the nature of the property, such as its type, size, and any distinguishing features that may affect its value.
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If required, include supporting documentation to substantiate the value of the property. This could be in the form of appraisals, recent sales data, or any other relevant evidence.
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Who needs notice of value nov:

01
Property owners who believe that the assessed value of their property is incorrect or needs to be adjusted may need to submit a notice of value nov.
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Individuals who have received a notice from the tax assessor's office indicating a change in the assessed value of their property may also need to respond with a notice of value nov if they disagree with the proposed change.
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Real estate appraisers or professionals involved in property valuation may encounter situations where they need to complete a notice of value nov on behalf of their clients.
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Notice of value (NOV) is a document required to report the estimated value of a property and is used by the taxing authority to assess property taxes.
Property owners or individuals responsible for property management are required to file the notice of value (NOV).
The notice of value (NOV) can typically be filled out online or submitted in person to the relevant taxing authority. It requires providing information about the property such as location, size, improvements, and estimated value.
The purpose of the notice of value (NOV) is to assist the taxing authority in determining the taxable value of a property for the assessment of property taxes.
Information such as property location, size, improvements, and estimated value must be reported on the notice of value (NOV).
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