The tax ratio is thirty-three and one-third percent.
History: 1953 Comp., § 72-30-3, enacted by Laws 1973, ch. 258, § 36.
Structure 2021 New Mexico Statutes
Article 37 - Imposition of Property Tax
Section 7-37-1 - Provisions for imposition of tax; applicability.
Section 7-37-2 - Imposition of the tax.
Section 7-37-3 - Tax ratio established.
Section 7-37-4 - Head-of-family exemption.
Section 7-37-5 - Veteran exemption.
Section 7-37-5.1 - Disabled veteran exemption.
Section 7-37-5.3 - Veterans' organization exemption.
Section 7-37-5.4 - Property owned by a disabled veteran is exempt from a special benefit assessment.
Section 7-37-6 - Rate of tax cumulative; determination; governmental units' entitlement to tax.
Section 7-37-7 - Tax rates authorized; limitations.
Section 7-37-7.1 - Additional limitations on property tax rates.