Nowlin v. County of Bernalillo

OPINION

STEPHENSON, Justice.

Mr. and Mrs. Nowlin (Appellees) filed this tax suit in the District Court of Bernalillo County alleging that they were purchasing a certain tract of land (the land) under a contract dated in 1965; that for 1970 the land had been assigned a market value of $22,200.00 and an assessed value of $7,400.00, but that for 1971 it had been assigned the market value of $80,586.00 and an assessed value of $26,859.00 (The term “assessed value” is the figure against which the tax levy is applied, and is supposed to be one-third of the market value). They alleged that they had…