New Mexico Statutes

§ 7-38-7 — Valuation date

New Mexico·Ch. 7 Taxation·Art. 38 Administration and Enforcement of Property Taxes
All property subject to valuation for property taxation purposes shall be valued as of January 1 of each tax year, except that livestock shall be valued as of the date and in the manner prescribed under Section 7-36-21 NMSA 1978 and tangible personal property of construction contractors shall be valued as of the date and in the manner prescribed under Section 1 [7-38-7.1 NMSA 1978] of this act.

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Legislative History

1953 Comp., § 72-31-7, enacted by Laws 1973, ch. 258, § 47; 1997, ch. 68, §

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