Albuquerque Real Estate Talk #576: The Short-Term Rental Tax Battle in Bernalillo County

In this episode of Albuquerque Real Estate Talk, Tego Venturi sits down with Carl Vidal, owner of Ivy Homes Vacation Rentals and a leader in the New Mexico Short-Term Rental Association (NMSTRA). They break down the massive economic scale of the short-term rental (STR) industry in New Mexico and the current legal battles over property tax assessments.

Key Topics Discussed:

• The $1 Billion Impact: Why STRs are a vital part of the state economy, supporting over 28,000 New Mexicans through hosting and secondary employment.

• The Tax Controversy: An in-depth look at why Bernalillo, Lincoln, Taos, and Santa Fe counties are attempting to reclassify residential STRs as commercial properties.

• "Tax Lightning" and the 3% Cap: How removing the 3% assessment cap has led to property tax increases as high as 600% for some homeowners.

• The Assessor vs. Treasurer Dispute: The conflicting interpretations of state law between Bernalillo County Assessor Damien Lara and Treasurer Tim Eichenberg.

• Legislative Outlook: Why the industry is looking toward the 2027 legislative session for a permanent statewide resolution.

• Hosting Best Practices: Implementing "Good Neighbor" policies, managing luxury properties, and navigating City of Albuquerque occupancy laws.

Guest Information: Carl Vidal Ivy Homes Vacation Rentals | R1 Property Management [phone] TheIrvieHomes.com

Market Data Resource: Explore Albuquerque real estate charts, monthly metrics, and median sale price data at REabq.com

Contact Venturi Realty Group: [phone] Real Broker LLC