New Mexico Amendment 1 (1998)
New Mexico Amendment 1 authorizes the legislature to limit increases in valuation of residential property for property tax purposes. It was on the November 3, 1998 election ballot in New Mexico. It passed, with 61% of voters in favor.
This measure is a legislatively-referred constitutional amendment.
Text of measure
The language that appeared on the ballot:
Proposes to amend the constitution to authorize the legislature to limit increases in valuation of residential property for property taxation purposes.
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