New Mexico Statutes
Article 6 - Fees
Section 66-6-26 - Registered vehicle exempt from property tax; exception.

No vehicle upon which the registration fees provided for in the Motor Vehicle Code [66-1-1 NMSA 1978] have been paid shall be assessed or taxed upon any property assessment rolls in this state for the period for which the fees are paid, except that mobile homes shall be subject to assessment and property tax in addition to the vehicle registration fee.
History: 1953 Comp., § 64-6-26, enacted by Laws 1978, ch. 35, § 361.
If equipment integral part of trailer both are exempt. — Evidence that certain equipment was bolted to taxpayer's trailer, that the trailer had no use apart from the equipment, that the equipment was an integral part of the trailer, and that the trailer and equipment constituted a single unit and was used as such, showed the equipment was a part of the trailer, and once the permanent registration on the trailer was paid, both trailer and equipment were exempt from property tax under Section 64-11-14, 1953 Comp. (similar to this section). Halliburton Co. v. Property Appraisal Dep't, 1975-NMCA-123, 88 N.M. 476, 542 P.2d 56.
Equipment on trailer was included in gross weight. — Since the registration fees for trucks are determined by declared gross weight, and since a gross weight was declared by taxpayer which included the equipment mounted on his vehicles, and registration fees were paid on that gross weight as provided in the motor vehicle code, the equipment mounted on the trucks was exempt from property tax under 64-11-14, 1953 Comp. (similar to this section). Halliburton Co. v. Property Appraisal Dep't, 1975-NMCA-123, 88 N.M. 476, 542 P.2d 56.
Military personnel's trailers owned as personal property exempt. — Trailers owned by military personnel as personal property and not being motor vehicles are free from taxation under the provisions of the Soldiers' and Sailors' Civil Relief Act of 1940, § 514 (now the Servicemembers Civil Relief Act 50 U.S.C. App. § 5714) except by the state of domicile of the owner. It is possible that the vehicle could become real property so as to be taxable as such without regard to the Soldiers' and Sailors' Civil Relief Act. The provisions of Section 64-11-14, 1953 Comp. (similar to this section), contemplate this possibility, permitting ad valorem taxes to be assessed when a trailer has had its wheels removed and been placed on a permanent foundation. 1959 Op. Att'y Gen. No. 59-53.
Am. Jur. 2d, A.L.R. and C.J.S. references. — Taxation, as real estate, of trailers or mobile homes, 7 A.L.R.4th 1016.

Structure New Mexico Statutes