New Mexico

Bernalillo County reassessing vacant properties

Published

2 years ago

August 15, 2024

Press Room

Bernalillo County reassessing vacant properties

From boarded up doors to broken windows, we’ve all seen vacant lots around town.

ALBUQUERQUE, N.M. – From boarded up doors to broken windows, we’ve all seen vacant lots around town.

The county assessor has a list of all of nuisance properties and has a plan to clean things up.

“I quickly found out that many of the buildings that have been boarded up and sitting vacant now are actually owned by out-of-state corporations, holding companies or investment companies that are essentially using New Mexico as a write-off state to offset their real estate profits in other parts of the country,” said Damian Lara, a Bernalillo County assessor.

In the middle of a housing crisis, Lara says vacant buildings are the last thing we need. For the last year, he has been reassessing properties on the nuisance list.

“We are assessing it as it was the highest and best use. That could be a restaurant, affordable hosing, a rental property, it could be retail stores, warehouses. We are assessing it at what it should be, not what it currently is,” said Lara.

So, what does this mean for these out-of-state property owners?

“Normally, a higher evaluation for these specific properties will result in a higher tax bill,” Lara said.

Lara says that isn’t always a bad thing when trying to turn vacant buildings into something.

“Reassessing vacant properties encourages and incentivizes these property owners to invest in their properties or to sell it to someone who will,” said Lara.

There have also been some success stories, like the old Ramada Inn.

“The property owners are coming in, working with us and saying’ you know ‘We have known that this property has been boarded up and neglected for many years, and now we are renovating it, here is the cost to cure it, will you give us credit for that,’ Absolutely,” said Lara.

Lara says some business owners have protested their higher evaluations. But, for the most part, the program has been successful and there hasn’t been a lot of push back.

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New Mexico

New Mexico spoils Nevada’s Senior Day as Lobos leave Reno with 63-56 win

Published

2 hours ago

March 1, 2026

Press Room

New Mexico spoils Nevada’s Senior Day as Lobos leave Reno with 63-56 win

The Nevada women’s basketball team dropped its final home contest of the 2025-26 season on Saturday with New Mexico spoiling Senior Day and pushing past the Wolf Pack for a 63-56 win.

The Wolf Pack led 36-34 at halftime behind a hot-shooting start. Skylar Durley, Imbie Jones and Ahrray Young each had six points as Nevada shot 14-of-25 from the field (56%). But things cooled off in the second half, with the Lobos outscoring the Wolf Pack 19-13 in the third quarter to take a four-point lead into the fourth. Nevada’s shooting woes only worsened in the final period when it made just three field goals, including none in the final four minutes.

Durley led Nevada with 16 points and six rebounds. Young finished with 10 points, three rebounds and three assists. The Wolf Pack made just one three-pointer out of its nine attempts.

The loss drops Nevada to 9-20 overall, 5-14 within the Mountain West Conference. The Wolf Pack now heads to Utah State for Tuesday’s regular-season finale before opening the Mountain West Tournament play next Saturday in Las Vegas.

Watch our coverage of the game below.

Highlights and reaction from Nevada’s loss to New Mexico.

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New Mexico

San Diego State vs New Mexico Prediction, Picks & Odds for Today’s College Basketball Game

Published

14 hours ago

February 28, 2026

Press Room

San Diego State vs New Mexico Prediction, Picks & Odds for Today’s College Basketball Game

Expect the offenses to shine when SDSU visits New Mexico in The Pit today, per our college basketball betting picks.

Feb 28, 2026 • 10:23 ET

• 4 min read

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New Mexico

Public Service Company of New Mexico Declares Preferred Dividend

Published

1 day ago

February 28, 2026

Press Room

ALBUQUERQUE, N.M., Feb. 27, 2026 /PRNewswire/ — The Board of Directors of Public Service Company of New Mexico, a subsidiary of TXNM Energy (NYSE: TXNM), declared the regular quarterly dividend of $1.145 per share on the 4.58 percent series of cumulative preferred stock. The preferred stock dividend is payable April 15, 2026, to shareholders of record at the close of business March 31, 2026.

Background:
TXNM Energy (NYSE: TXNM), an energy holding company based in Albuquerque, New Mexico, delivers energy to more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM. For more information, visit the company’s website at www.TXNMEnergy.com.

CONTACTS:
Analysts
Lisa Goodman
(505) 241-2160

Media
Corporate Communications
(505) 241-2743

SOURCE TXNM Energy, Inc.

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