Avoid Property Tax Reassessment

[Keith Meyer]

I'm looking for way to avoid triggering a property tax reassessment upon a potential purchase of a Multifamily property. The property was last assessed in 2016, and is still taxed at far below market value. 

This specific property is located in New Mexico. I don't know the Seller on a personal level, so I'd prefer to avoid doing an Entity/LLC transfer if there is another method available. Any advice from someone experienced in doing this in a state with laws similar to New Mexico would be much appreciated.