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2011 New Mexico Statutes
Chapter 7: Taxation
Article 34: Oil and Gas Production Equipment Ad Valorem Tax, 7-34-1 through 7-34-20
Section 7-34-4: Ad valorem tax levied.


NM Stat § 7-34-4 (1996 through 1st Sess 50th Legis) What's This?

7-34-4. Ad valorem tax levied.

An ad valorem tax is levied on the assessed value of the equipment at each production unit. The tax shall be at the rate certified to the division by the department of finance and administration under the provisions of Section 7-37-7 NMSA 1978.

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