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Mariposa tax fight looms as HDIC pulls out
Rio Rancho leaders warn Mariposa homeowners could face a tenfold tax hike after High Desert Investment Corporation withdraws from the 2005 era development. With no land sales in four years and bond debt unpaid, about 100 property owners may see mill rates rise dramatically, threatening the PID funded infrastructure and local services.
MENTIONED IN THIS ARTICLE
John Knipps
High Desert Investment Corporation
Mariposa
Knipps
Rio Rancho
James Jimenez
High Desert
Jimenez
Gary Gordon
Gordon
HDIC
New Mexico
PID Board
Albuquerque Academy
PID