us-nm/stat

NMSA 1978, § 7-34-3 — Method of determining assessed value

A.

Annually the department shall compute the value of products of each production
unit for the previous calendar year.

B.

The taxable value of equipment of each production unit is an amount equal to
twenty-seven percent of the value of products of each production unit.

C.

The assessed value of equipment of each production unit shall be determined by
applying the uniform assessment ratio to the taxable value of equipment of each
production unit.

Last amended: 1953 Comp., § 72-24-3, enacted by Laws 1969, ch. 119, § 3; 1972, ch. 60, § 1; 2025, ch. 130, § 142.

Source: official text

NMSA 1978, § 7-34-3 — Method of determining assessed value

# A.

# B.

# C.

A.

B.

C.