New Mexico Statutes
§ 7-34-3 — Method of determining assessed value
New Mexico § 7-34-3
This text of New Mexico § 7-34-3 (Method of determining assessed value) 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. § 7-34-3 (2026).
Text
A.Annually the department shall compute the value of products of each production unit for the previous calendar year.
B.The taxable value of equipment of each production unit is an amount equal to twenty-seven percent of the value of products of each production unit.
C.The assessed value of equipment of each production unit shall be determined by applying the uniform assessment ratio to the taxable value of equipment of each production unit.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
1953 Comp., § 72-24-3, enacted by Laws 1969, ch. 119, § 3; 1972, ch. 60, § 1;
Nearby Sections
15
§ 7-1-1
Short title§ 7-1-11.1
Managed audits§ 7-1-11.2
Required audit notices§ 7-1-12
Identification of taxpayers§ 7-1-13.1
Method of payment of certain taxes due§ 7-1-13.2
Repealed§ 7-1-13.3
Repealed§ 7-1-13.4
Electronic payments; reversalsCite This Page — Counsel Stack
Bluebook (online)
New Mexico § 7-34-3, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/7/7-34-3.