New Mexico § 7-34-6 Tax statement; tax due date

New Mexico Statutes

§ 7-34-6 — Tax statement; tax due date

New Mexico § 7-34-6

Ch. 7Taxation

Art. 34Oil and Gas Production Equipment Ad Valorem Tax

This text of New Mexico § 7-34-6 (Tax statement; tax due date) 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. § 7-34-6 (2026).

Text

Annually the department shall compute the assessed value of equipment for each production unit and extend the applicable rates against the assessed value to determine the amount of tax due. The department shall prepare a tax statement for each production unit showing the production unit identification, the taxing district in which it is located, calendar-year value, assessed value, district rates and the amount of tax due. The tax statement shall be sent to the operator on or before November 1 and payment shall be made to the department on or before November 30.

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Annually the department shall compute the assessed value of equipment for each production unit and extend the applicable rates against the assessed value to determine the amount of tax due. The department shall prepare a tax statement for each production unit showing the production unit identification, the taxing district in which it is located, calendar-year value, assessed value, district rates and the amount of tax due. The tax statement shall be sent to the operator on or before November 1 and payment shall be made to the department on or before November 30.