New Mexico Statutes
§ 7-4-12 — Valuation of property for inclusion in property factor
New Mexico § 7-4-12
This text of New Mexico § 7-4-12 (Valuation of property for inclusion in property factor) 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. § 7-4-12 (2026).
Text
Property owned by the taxpayer is valued at its original cost. Property rented by the taxpayer is valued at eight times the net annual rental rate. Net annual rate is the annual rental paid by the taxpayer less any annual rental rate received by the taxpayer from subrentals.
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Legislative History
1953 Comp., § 72-15A-27, enacted by Laws 1965, ch. 203, § 12.
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Repealed§ 7-1-13.3
Repealed§ 7-1-13.4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 § 7-4-12, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/7/7-4-12.