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Section 7-36-1 - Provisions for valuation of property; applicability.

NM Stat § 7-36-1 (2019) (N/A)
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The provisions of this article apply to and govern the determination of value of all property subject to valuation for property taxation purposes under the Property Tax Code.

History: 1953 Comp., § 72-29-1, enacted by Laws 1973, ch. 258, § 13.

Cross references. — For constitutional provision as to equality of ad valorem taxation, see N.M. Const., art. VIII, § 1.

For constitutional provision as to property tax limits and exceptions, see N.M. Const., art. VIII, § 2.

For constitutional provision as to assessment of lands, see N.M. Const., art. VIII, § 6.

Law reviews. — For comment, "Ad Valorem Taxes - Omitted Property and Improvements - Assessments," see 6 Nat. Resources J. 105 (1966).

For comment, "Coal Taxation in the Western States: The Need for a Regional Tax Policy," see 16 Nat. Resources J. 415 (1976).

For article, "New Mexico Taxes: Taking Another Look," see 32 N.M.L. Rev. 351 (2002).

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Section 7-36-2 - Allocation of responsibility for valuation and determining classification of property for property taxation purposes; county assessor and department.