Legal Opinion
Zhao v. Montoya
New Mexico Court of Appeals
Decided May 23, 2012No. 33,589; No. 33,594; Docket No. 30,172PublishedCited by 2 opinions
1Opinion of the Court
OPINION
KENNEDY, Judge.
{1} In this consolidated case, certified to us by the Bernalillo County District Court, Pinghua Zhao, Gregg Falliclc, and Janet Fallick (Homeowners) appeal a significant increase in the value of their homes for property tax assessment as a result of a phenomenon commonly called “tax lightning.” This phenomenon occurs when a home that has been owned by the same taxpayer for more than a year is sold to a new owner for a price representing a significant increase from its previously assessed value. The property is then reassessed for its “current and correct” taxable value…
2Cases cited15 opinions
- Nordlinger v. HahnSupreme Court of the United States · 1992
- Matter of Adoption of DoeNew Mexico Supreme Court · 1984
- Headley v. Morgan Management Corp.New Mexico Court of Appeals · 2005
- High Ridge Hinkle Joint Venture v. City of AlbuquerqueNew Mexico Supreme Court · 1998
- Madrid v. St. Joseph HospitalNew Mexico Supreme Court · 1996
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3Cited by2 opinions
- Zhao v. MontoyaNew Mexico Supreme Court · 2014
- Zhao v. MontoyaNew Mexico Court of Appeals · 2012