BERNALILLO COUNTY, N.M. — The Bernalillo County Assessor developed a first-of-its-kind policy reclassifying short-term rentals.
The policy will classify properties that are rented for fewer than 29 nights-in-a-row as commercial properties. County Assessor Damian Lara says the process supports additional available housing while also bringing clarity to the short-term rental market.
This new policy affects houses, condos, and apartments but doesn’t include leased apartments or hotels…