2021 New Mexico Statutes
Chapter 4 - Counties
Article 54 - Community Service Districts
Section 4-54-4 - Tax limitation.
The aggregate total of all taxes levied by a community service district for all purposes shall not exceed a rate of ten dollars ($10.00), or any lower maximum amount required by operation of the rate limitation provisions of Section 7-37-7.1 NMSA 1978 upon taxes levied pursuant to the Community Service District Act, on each one thousand dollars ($1,000) of net taxable value, as that term is defined in the Property Tax Code [Chapter 7, Articles 35 to 38 NMSA 1978], of taxable property within this community service district.
History: 1953 Comp., § 15-54-4, enacted by Laws 1965, ch. 283, § 4; 1986, ch. 32, § 5.
ANNOTATIONSIssuance of bonds. — The limiting provisions of this section apply to the issuance of bonds. El Dorado Utilities, Inc. v. Eldorado Area Water & Sanitation Dist., 2005-NMCA-036, 137 N.M. 217, 109 P.3d 305.
Legislative intent to incorporate section. — A careful reading of 73-21-19 NMSA 1978 makes it clear that the legislature intended to incorporate the limiting provisions of this section into the Water and Sanitation District Act. El Dorado Utilities, Inc. v. Eldorado Area Water & Sanitation Dist., 2005-NMCA-036, 137 N.M. 217, 109 P.3d 305.
Because a water and sanitation district can only levy taxes to pay indebtedness within the limits of this section, a district cannot issue bonds pursuant to a bond resolution that authorizes the levy of taxes beyond what this section allows. El Dorado Utilities, Inc. v. Eldorado Area Water & Sanitation Dist., 2005-NMCA-036, 137 N.M. 217, 109 P.3d 305.
