§ 7-37-1 Provisions for imposition of tax; applicability
§ 7-37-2 Imposition of the tax
§ 7-37-3 Tax ratio established
§ 7-37-4 Head-of-family exemption
§ 7-37-5 Veteran exemption
§ 7-37-5.1 Disabled veteran exemption
§ 7-37-5.3 Veterans’ organization exemption
§ 7-37-5.4 Property owned by a disabled veteran is exempt from a special benefit assessment
§ 7-37-6 Rate of tax cumulative; determination; governmental units’ entitlement to tax
§ 7-37-7 Tax rates authorized; limitations
§ 7-37-7.1 Additional limitations on property tax rates
§ 7-37-8 School tax rates
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Terms Used In New Mexico Statutes > Chapter 7 > Article 37 - Imposition of Property Tax

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Grantor: The person who establishes a trust and places property into it.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.