The County Tax Assessor’s office plans to reclassify short-term rentals – both in the City and the County – from residential to nonresidential, or commercial, for property tax determination. This will impact everyone’s property tax rate because it will trigger a current market assessment (most likely resulting in a significant property tax increase) and remove the residential 3% tax increase cap.
On Nov. 1, Santa Fe County STR owners will receive a questionnaire from the County inquiring about how they are using their property. If a property is found to be used mostly for short-term renting, the County will consider changing the property’s tax status. The STR Fellowship of Santa Fe County recommends holding off on responding as their legal team looks into this.
See the Fellowship’s latest email here >>
Consider donating to the STR County Fellowship >>
What this means for STRs:
- STRs will no longer have the protection of the residential 3% annual increase cap.
- Property’s assessed value increase to FULL market value.
- STR property values will be subject to the higher tax rate (a 30% increase over residential rates).
What can you do to stop this?
- Show up to the Santa Fe Board of Commisioner’s Meeting on 10/31 at 2 p.m. and provide public comment. Public comment is limited to three minutes.
- Contact your representatives – reach out to your City Councilmember/County Commissioner and the Santa Fe County Assessor, Isaiah Romero, at 505-986-6300.
- Donate to the STR Fellowship of Santa Fe County
- Vote on Nov. 7 – do your research and make sure the officials you know where the candidates you are voting for stand on STRs
BCC Meeting on STRs
Tuesday, Oct. 31 | 2 p.m.
Come and speak at the BCC meeting and let the commissioners know how you feel about the plan to change the property tax determination for STRs. Matters of Public Concern will take place right after the County’s presentation on the STR Permitting process, and there is a three-minute limit to share your concerns. Please check the County website to register to speak during Matters of Public Concern. Registration was not yet available at the time of publication of this newsletter.
Attend in-person:
Santa Fe County Commission Chambers, 102 Grant Ave.
Virtually:
Join by phone:
Phone: 1-408-418-9388
Access Code: 2660 824 7389
Please note: The meeting will begin at 2 p.m., but Matters of Public Concern will take place around 4:30 or 5 p.m.
Find the meeting agenda here >
You’re Invited!
SFSTRA Holiday Member Party | Nov. 30, 5:30-7:30 p.m.
Join the Santa Fe STRA as we celebrate the holidays and our official membership launch! Come and network with other Santa Fe hosts and managers and meet the board of the Santa Fe STRA.
📆Thursday, Nov. 30
🕒5:30 p.m.-7:30 p.m.
📍633 Garcia St, Santa Fe, NM
During this event, we’ll also provide the following:
- What you can expect as a member and an overview of benefits
- How you can get more involved with the alliance
- What the Santa Fe STRA plans to focus on in 2024
This free event is for members and those thinking about joining the alliance who want to stay updated on the latest STR updates in Santa Fe. We’ll also provide light refreshments.