SB 837

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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 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;

SB 837

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(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."