SENATE BILL 837

48th legislature - STATE OF NEW MEXICO - first session, 2007

INTRODUCED BY

David Ulibarri

AN ACT

RELATING TO PROPERTY TAXATION; REQUIRING ELECTRONIC TAX SCHEDULES.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

     Section 1. Section 7-38-35 NMSA 1978 (being Laws 1973, Chapter 258, Section 75, as amended) is amended to read:

     "7-38-35. PREPARATION OF PROPERTY TAX SCHEDULE BY ASSESSOR.--

          A. After receipt of the rate-setting order and the order imposing the tax, but no later than October 1 of each tax year, the county assessor shall prepare a property tax schedule for all property subject to property taxation in the county. This schedule shall be in a form that shall be made available electronically and contain the information required by regulations of the [division] department and shall contain at least the following information:

                (1) the description of the property taxed and, if the property is personal property, its location;

                (2) the property owner's name and address and the name and address of any person other than the owner to whom the tax bill is to be sent;

                (3) the classification of the property;

                (4) the value of the property determined for property taxation purposes;

                (5) the tax ratio;

                (6) the taxable value of the property;

                (7) the amount of any exemption allowed and a statement of the net taxable value of the property after deducting the exemption;

                (8) the allocations of net taxable value to the governmental units;

                (9) the tax rate in dollars per thousand of net taxable value for all taxes imposed on the property;

                (l0) the amount of taxes due on the described property; and

                (11) the amount of any penalties and interest already imposed and due on the described property.

          B. The property tax schedule is a public record and a part of the valuation records."

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