There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 11: Intergovernmental Agreements and Authorities
Article 3A: Regional Housing Law, 11-3A-1 through 11-3A-31
Section 11-3A-22: Exemption of property from taxation.
NM Stat § 11-3A-22 (1996 through 1st Sess 50th Legis) What's This?
11-3A-22. Exemption of property from taxation.
The real property of a housing project, as defined in the Regional Housing Law, is declared to be public property used for essential public and governmental purposes and is property of a regional housing 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 regional housing authority.
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