The division shall adopt regulations to insure that all real property owned by any nongovernmental entity and claimed to be exempt from property taxation under the provisions of Paragraph (1) of Subsection B of Section 7-36-7 NMSA 1978 shall be reported for valuation purposes to the appropriate valuation authority. These regulations shall include provisions for initial reporting of the property and claiming of the exempt status pursuant to Subsection C of Section 7-38-17 NMSA 1978.
History: 1978 Comp., § 7-38-8.1, enacted by Laws 1982, ch. 28, § 8.
Inspection and interviews. — After a private museum claims an exemption from property tax, this section does not require the county tax assessor to conduct an on-site inspection and interviews, relating to the museum's educational programs. Georgia O'Keeffe Museum v. County of Santa Fe, 2003-NMCA-003, 133 N.M. 297, 62 P.3d 754.
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