NMSA 1978 Chapter 7 — Taxation
NMSA 1978, § 7-37-8
School tax rates
No later than August 15 of each year, the state department of public education shall submit to the secretary of finance and administration the property tax rates for the succeeding tax year for each school district and the commission on higher education [higher education department] shall submit to the secretary of finance and administration the property tax rates for the succeeding tax year for each technical and vocational district, area vocational school district, junior college district and branch community college district. The rates required to be submitted pursuant to this section shall separately state by county and by school district the rate to be levied for operational purposes and the rate to be levied for payment of principal and interest on general obligation debt issued or entered into by the district.
Amendment history
1978 Comp., § 7-37-8, enacted by Laws 1978, ch. 128, § 1; 1983, ch. 301, § 12; 1988, ch. 64, § 1; 1997, ch. 193, § 17.
Source: official source (NMSA chapter on nmonesource.com)
In this article (13 sections)
- 7-37-1 · Provisions for imposition of tax; applicability
- 7-37-2 · Imposition of the tax
- 7-37-3 · Tax ratio established
- 7-37-4 · Head-of-family exemption
- 7-37-5 · Veteran exemption
- 7-37-5.1 · Disabled veteran exemption
- 7-37-5.2 · Deleted
- 7-37-5.3 · Veterans' organization exemption
- 7-37-5.4 · 7-37-5.4
- 7-37-6 · 7-37-6
- 7-37-7 · Tax rates authorized; limitations
- 7-37-7.1 · Additional limitations on property tax rates
- 7-37-8 · School tax rates