A short-term rental in downtown Albuquerque owned by Irvie Homes pictured Dec. 9, 2025. A new report on New Mexico’s short-term rental market found that of the nearly 14,000 STRs statewide, 85% are seasonal or partially owner-occupied and that the state Legislature should ensure they have residential versus commercial classifications for property tax purposes. (Patrick Lohmann/Source NM)
County tax assessors classify New Mexico’s roughly 14,000 short-term rental properties differently across the state, according to a legislative study released this week. The “assessment confusion is harming homeowners,” the report says, and should be made uniform.
The report comes via House Memorial 52 — sponsored by two Republican lawmakers during the regular legislative session earlier this year — which convened a group of realtors, state agency officials and others to study the economic impacts of short-term rental properties, as well as how local agencies tax and regulate them…