2006 New Mexico Statutes - Section 11-3A-22 — Exemption of property from taxation.
11-3A-22. Exemption of property from taxation.
The real property of a housing project, as defined in the Regional Housing Law [Chapter 11, Article 3A NMSA 1978], is declared to be public property used for essential public and governmental purposes and is property of an authority of this state and is exempt from taxation until a deed conveying that property to a nonexempt entity is executed and delivered by the authority.
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