New Mexico Statutes

§ 7-4-13 — Determination of average value of property for inclusion in

New Mexico § 7-4-13
JurisdictionNew Mexico
Ch. 7Taxation
Art. 4Division of Income for Tax Purposes

This text of New Mexico § 7-4-13 (Determination of average value of property for inclusion in) 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. § 7-4-13 (2026).

Text

property factor. The average value of property shall be determined by averaging the values at the beginning and ending of the tax period, but the department may require the averaging of monthly values during the tax period if reasonably required to reflect properly the average value of the taxpayer's property.

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Legislative History

1953 Comp., § 72-15A-28, enacted by Laws 1965, ch. 203, § 13; 1986, ch. 20,

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Bluebook (online)
New Mexico § 7-4-13, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/7/7-4-13.