Tag: Real estate

Soaring Housing Costs Push Santa Fe Police Into Rio Rancho

Santa Fe police officers are increasingly living in Rio Rancho due to soaring housing costs, raising concerns about community connection and public safety.

New Mexico Supreme Court Lets Santa Fe ‘Mansion Tax’ Stay in Effect

The New Mexico Supreme Court has allowed Santa Fe’s 3 percent “mansion tax” on luxury home sales to remain in effect, upholding a lower court decision and clearing a major legal hurdle. The levy, approved by voters in 2023, aims to fund affordable housing, though critics worry it could affect high-end property transactions.