Rio Rancho Land | Rio Rancho Real Estate News

About Rio Rancho, New Mexico

Rio Rancho was developed as Rio Rancho Estates by developer AMREP in the 60’s and 70’s. AMREP developed 91,000+ acres of New Mexico Land northwest of Albuquerque and marketed it as a retirement community to people mainly in the eastern US. Rio Rancho Land is platted into approximately 112,000 home sites and commercial lots. During the 60’s and 70’s AMREP sold more than 75,000 lots in “Rio Rancho Estates” to thousands of individuals throughout the country.

Rio Rancho is now the fastest growing city in New Mexico and is dubbed the "City of Vision". Rio Rancho has a population of over 70,000. The City of Rio Rancho planners made a decision a few years ago to build a new "Downtown" and chose a parcel of Real Estate in the middle of Rio Rancho. The new Rio Rancho “City Centre” will be a modern and dynamic downtown and already has a state of the art Arena (Santa Ana Star Center), the Rio Rancho City Hall, and will soon have the CNM (Community College) and UNM Campus, and a full service UNM Hospital.

The Rio Rancho Real Estate market is dynamic and complex as land is plentiful. Rio Rancho lots can start at $3,000 for a ½ acre, but “buildable” lots close to services will range from $30000 to $150000 depending on location and availability of utilities. Rio Rancho Homes are some of the best values in the metro Albuquerque area. Some of the nicest master planned communities in New Mexico, including Cabazon and Loma Colorado, are in Rio Rancho. With the great amenities to community offers; Rio Rancho is a great place to call home!

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Wednesday, November 5, 2008

Sandoval Approves Hikes Across Board

Tax Increases Approved by Sandoval County Voters:

Sandoval County Voters & home owners will have some tax increases to think about in the near future. These tax increases will mostly be a reflection of the outcome of voter approval Tuesday on the Mil Levy for Hospital and Health Care contracts along with an increase of the gross receipts tax for public transportation systems. This will impact Rio Rancho home owners and home owners throughout Sandoval County who have an assessed home value of $100,000 with a rather substantial increase of $141.66 per year for 8 years. Obviously, the higher the assessed value, the higher your taxes will increase.

ABQJOURNAL RIO RANCHO: Sandoval Approves Hikes Across Board:

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