New Mexico § 6-35-5 Authority to impose property tax levy

New Mexico Statutes

§ 6-35-5 — Authority to impose property tax levy

New Mexico § 6-35-5

Ch. 6Public Finances

Art. 35State Fairgrounds District

This text of New Mexico § 6-35-5 (Authority to impose property tax levy) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 6-35-5 (2026).

Text

The district may establish a property tax levy upon real property located within the boundaries of the district, with the following limitations: A. the maximum property tax levy the district may impose is five dollars ($5.00) on each one thousand dollars ($1,000) of net taxable value, as that term is defined in the Property Tax Code [Articles 35 through 38 of Chapter 7 NMSA 1978], which may be used for operation, maintenance and capital improvements, in furtherance of the purposes of the State Fairgrounds District Act; B. the district may impose a property tax levy only after authorization by a majority of votes cast by the qualified electors of the district in an election held in accordance with the Local Election Act [Chapter 1, Article 22 NMSA 1978]; and C. a property tax levy imposed b

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The district may establish a property tax levy upon real property located within the boundaries of the district, with the following limitations: A. the maximum property tax levy the district may impose is five dollars ($5.00) on each one thousand dollars ($1,000) of net taxable value, as that term is defined in the Property Tax Code [Articles 35 through 38 of Chapter 7 NMSA 1978], which may be used for operation, maintenance and capital improvements, in furtherance of the purposes of the State Fairgrounds District Act; B. the district may impose a property tax levy only after authorization by a majority of votes cast by the qualified electors of the district in an election held in accordance with the Local Election Act [Chapter 1, Article 22 NMSA 1978]; and C. a property tax levy imposed by the district shall not be effective for more than four years.