N.M. Admin. Code § 3.6.6.10

Current through Register Vol. 35, No. 23, December 10, 2024

Section 3.6.6.10 - APPLICATION OF TAX RATIO

The tax ratio is applied to the value of property determined for property taxation purposes by dividing that value by three. The quotient resulting from this division is the "taxable value" of the property.

N.M. Admin. Code § 3.6.6.10

3/23/83, 12/29/94, 8/31/96; 3.6.6.10 NMAC - Rn, 3 NMAC 6.6.10, 4/30/01, Adopted by New Mexico Register, Volume XXXV, Issue 14, July 30, 2024, eff. 7/30/2024