Rep. Peggy Mayfield, seen here on opening day of the 2023 General Assembly, says her bill would exempt about 80% of small businesses from paying business personal property tax. (IBJ photo/Eric Learned ...
So, in 2015, the General Assembly established a $20,000 minimum for personal property taxes. If a business had less than $20,000 in equipment, it would not have to file. According to the Legislative ...
Dec. 15—Bernalillo County business owners can start filing their business personal property forms, which are due Feb. 29. There's a 5% penalty for anyone who files after the last day of February.
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