New Mexico § 7-36-2.1 Classification of property

New Mexico Statutes

§ 7-36-2.1 — Classification of property

New Mexico § 7-36-2.1

Ch. 7Taxation

Art. 36Valuation of Property

This text of New Mexico § 7-36-2.1 (Classification of property) 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. § 7-36-2.1 (2026).

Text

A.Property subject to valuation for property taxation purposes shall be classified as either residential property or nonresidential property.

B.The department by regulation, ruling, order or other directive shall provide for the implementation of a classification system and shall include a method for apportioning the value of multiple-use properties between residential and nonresidential components.

Free access — add to your briefcase to read the full text and ask questions with AI

A. Property subject to valuation for property taxation purposes shall be classified as either residential property or nonresidential property. B. The department by regulation, ruling, order or other directive shall provide for the implementation of a classification system and shall include a method for apportioning the value of multiple-use properties between residential and nonresidential components.