ALBUQUERQUE, N.M. (KRQE) – Bernalillo County announced the property tax mill rate is set to decrease for 2024. The mill rate is the number used in conjunction with the assessed value of a property. Story continues below Investigation: APD lieutenant named in DWI scandal accused of abusing child in 2016 Traffic: I-25 construction zone in Albuquerque sees 22 crashes in 34 days News: Two guns found in student’s possession at Volcano Vista High School Community: Albuquerque International Sunport offers community a ‘taste’ of what’s to come This usually means there will be a drop in property taxes due by property owners. Bernalillo County says changes will be reflected on tax bills sent in November 2024. "The Assessor's Office staff has been working diligently to make sure that every property is assessed fairly and equitably," Bernalillo County Assessor Damian Lara said in a release.