To promote uniformity and measure overall compliance by each county with the Property Tax Code and department valuation regulations, orders, rulings, instructions, schedules and other directives, the department shall prepare and publish annually comprehensive sales-ratio studies comparing the values of property determined for property taxation purposes by each county assessor with the values of the same property as established by sales prices.
History: 1953 Comp., § 72-29-7, enacted by Laws 1973, ch. 258, § 19.
Structure New Mexico Statutes
Article 36 - Valuation of Property
Section 7-36-1 - Provisions for valuation of property; applicability.
Section 7-36-2.1 - Classification of property.
Section 7-36-3.1 - Metropolitan redevelopment property; tax status of lessee's interests.
Section 7-36-3.2 - Enterprise zone property; tax status of lessee's interests.
Section 7-36-7 - Property subject to valuation for property taxation purposes.
Section 7-36-8 - Tangible personal property exempt from property tax; exceptions.
Section 7-36-14 - Taxable situs; allocation of value of property.
Section 7-36-15 - Methods of valuation for property taxation purposes; general provisions.
Section 7-36-18 - Collection and publication of property valuation data.
Section 7-36-20 - Special method of valuation; land used primarily for agricultural purposes.
Section 7-36-21 - Special method of valuation; livestock.
Section 7-36-21.2 - Limitation on increases in valuation of residential property.
Section 7-36-22 - Mineral property; definitions and classifications for valuation purposes.
Section 7-36-26 - Special method of valuation; manufactured homes.
Section 7-36-30 - Special methods of valuation; property that is part of a communications system.
Section 7-36-31 - Special method of valuation; operating railroad property.
Section 7-36-32 - Special method of valuation; commercial aircraft.
Section 7-36-33 - Special method of valuation; certain industrial and commercial personal property.