Difference between revisions of "Article VIII, New Mexico Constitution"

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A. Except as provided in Subsection B of this section, taxes levied upon tangible property shall be in proportion to the value thereof, and taxes shall be equal and uniform upon subjects of taxation of the same class. Different methods may be provided by law to determine value of different kinds of property, but the percentage of value against which tax rates are assessed shall not exceed thirty-three and one-third percent.   
 
A. Except as provided in Subsection B of this section, taxes levied upon tangible property shall be in proportion to the value thereof, and taxes shall be equal and uniform upon subjects of taxation of the same class. Different methods may be provided by law to determine value of different kinds of property, but the percentage of value against which tax rates are assessed shall not exceed thirty-three and one-third percent.   
 
 
B. The legislature shall provide by law for the valuation of residential property for property taxation purposes in a manner that limits annual increases in valuation of residential property. The limitation may be applied to classes of residential property taxpayers based on owner-occupancy, age or income. The limitations may be authorized statewide or at the option of a local jurisdiction and may include conditions under which the limitation is applied. Any valuation limitations authorized as a local jurisdiction option shall provide for applying statewide or multi-jurisdictional property tax rates to the value of the property as if the valuation increase limitation did not apply. (As amended November 3, 1914, November 2, 1971 and November 3, 1998.) 
+
B. The legislature shall provide by law for the valuation of residential property for property taxation purposes in a manner that limits annual increases in valuation of residential property. The limitation may be applied to classes of residential property taxpayers based on owner-occupancy, age or income. The limitations may be authorized statewide or at the option of a local jurisdiction and may include conditions under which the limitation is applied. Any valuation limitations authorized as a local jurisdiction option shall provide for applying statewide or multi-jurisdictional property tax rates to the value of the property as if the valuation increase limitation did not apply.<ref name="nm">[http://sos.state.nm.us/pdf/2007nmconst.pdf ''New Mexico SOS'', "New Mexico Constitution," accessed March 30, 2014]</ref> 
  
 
|}
 
|}
 +
===Amendments===
 +
* Amended on November 3, 1914.
 +
* Amended on November 2, 1971.
 +
* Amended on November 3, 1998.
  
 
==Section 2==
 
==Section 2==
Line 25: Line 29:
 
'''Property Tax Limits; Exception'''
 
'''Property Tax Limits; Exception'''
  
Taxes levied upon real or personal property for state revenue shall not exceed four mills annually on each dollar of the assessed valuation thereof except for the support of the educational, penal and charitable institutions of the state, payment of the state debt and interest thereon; and the total annual tax levy upon such property for all state purposes exclusive of necessary levies for the state debt shall not exceed ten mills; provided, however, that taxes levied upon real or personal tangible property for all purposes, except special levies on specific classes of property and except necessary levies for public debt, shall not exceed twenty mills annually on each dollar of the assessed valuation thereof, but laws may be passed authorizing additional taxes to be levied outside of such limitation when approved by at least a majority of the qualified electors of the taxing district who paid a property tax therein during the preceding year voting on such proposition.
+
Taxes levied upon real or personal property for state revenue shall not exceed four mills annually on each dollar of the assessed valuation thereof except for the support of the educational, penal and charitable institutions of the state, payment of the state debt and interest thereon; and the total annual tax levy upon such property for all state purposes exclusive of necessary levies for the state debt shall not exceed ten mills; provided, however, that taxes levied upon real or personal tangible property for all purposes, except special levies on specific classes of property and except necessary levies for public debt, shall not exceed twenty mills annually on each dollar of the assessed valuation thereof, but laws may be passed authorizing additional taxes to be levied outside of such limitation when approved by at least a majority of the qualified electors of the taxing district who paid a property tax therein during the preceding year voting on such proposition.<ref name="nm"/>
  
 
|}
 
|}
  
 
===Amendments===
 
===Amendments===
(As amended November 3, 1914, September 19, 1933, and November 7, 1967.)
+
* Amended on November 3, 1914.
 +
* Amended on September 19, 1933.
 +
* Amended on November 7, 1967.
  
 
==Section 3==
 
==Section 3==
Line 45: Line 51:
 
Provided, however, that any property acquired by public libraries, community ditches and all laterals thereof, property acquired by churches, property acquired and used for educational or charitable purposes, and property acquired by cemeteries not used or held for private, or corporate profit, and property acquired by the Indian service and property acquired by the United States government or by the state of New Mexico by outright purchase or trade, where such property was, prior to such transfer, subject to the lien of any tax or assessment for the principal or interest of any bonded indebtedness shall not be exempt from such lien, nor from the payment of such taxes or assessments.   
 
Provided, however, that any property acquired by public libraries, community ditches and all laterals thereof, property acquired by churches, property acquired and used for educational or charitable purposes, and property acquired by cemeteries not used or held for private, or corporate profit, and property acquired by the Indian service and property acquired by the United States government or by the state of New Mexico by outright purchase or trade, where such property was, prior to such transfer, subject to the lien of any tax or assessment for the principal or interest of any bonded indebtedness shall not be exempt from such lien, nor from the payment of such taxes or assessments.   
 
 
Exemptions of personal property from ad valorem taxation may be provided by law if approved by a three-fourths majority vote of all the members elected to each house of the legislature.
+
Exemptions of personal property from ad valorem taxation may be provided by law if approved by a three-fourths majority vote of all the members elected to each house of the legislature.<ref name="nm"/>
  
 
|}
 
|}
  
 
===Amendments===
 
===Amendments===
{As amended November 3, 1914, November 5, 1946, and November 7, 1972.
+
* Amended on November 3, 1914.
 +
* Amended on November 5, 1946.
 +
* Amended on November 7, 1972.
  
 
==Section 4==
 
==Section 4==
Line 61: Line 69:
 
'''Misuse and Deposit of Public Money'''
 
'''Misuse and Deposit of Public Money'''
  
Any public officer making any profit out of public money or using the same for any purpose not authorized by law, shall be deemed guilty of a felony and shall be punished as provided by law and shall be disqualified to hold public office. All public money not invested in interest-bearing securities shall be deposited in national banks in this state, in banks or trust companies incorporated under the laws of the state, in federal savings and loan associations in this state, in savings and loan associations incorporated under the laws of this state whose deposits are insured by an agency of the United States and in credit unions incorporated under the laws of this state or the United States to the extent that such deposits of public money in credit unions are insured by an agency of the United States, and the interest derived therefrom shall be applied in the manner prescribed by law. The conditions of such deposits shall be provided by law.
+
Any public officer making any profit out of public money or using the same for any purpose not authorized by law, shall be deemed guilty of a felony and shall be punished as provided by law and shall be disqualified to hold public office. All public money not invested in interest-bearing securities shall be deposited in national banks in this state, in banks or trust companies incorporated under the laws of the state, in federal savings and loan associations in this state, in savings and loan associations incorporated under the laws of this state whose deposits are insured by an agency of the United States and in credit unions incorporated under the laws of this state or the United States to the extent that such deposits of public money in credit unions are insured by an agency of the United States, and the interest derived therefrom shall be applied in the manner prescribed by law. The conditions of such deposits shall be provided by law.<ref name="nm"/>
  
 
|}
 
|}
  
 
===Amendments===
 
===Amendments===
(As amended November 3, 1914, November 7, 1967 and November 4, 1986.)   
+
*Amended on November 3, 1914.
 +
*Amended on November 7, 1967.
 +
*Amended on November 4, 1986.  
  
 
==Section 5==
 
==Section 5==
Line 77: Line 87:
 
'''Head of Family and Veteran Exemptions'''
 
'''Head of Family and Veteran Exemptions'''
  
The legislature shall exempt from taxation the property of each head of the family in the amount of two thousand dollars ($2,000). The legislature shall also exempt from taxation the property, including the community or joint property of husband and wife, of every honorably discharged member of the armed forces of the United States and the widow or widower of every such honorably discharged member of the armed forces of the United States, in the sum of three thousand dollars ($3,000) in 2004; three thousand five hundred dollars ($3,500) in 2005; and four thousand dollars ($4,000) in 2006 and each subsequent year. Provided, that in every case where exemption is claimed on the ground of the claimant's having served with the armed forces of the United States as aforesaid, the burden of proving actual and bona fide ownership of such property upon which exemption is claimed, shall be upon the claimant.
+
The legislature shall exempt from taxation the property of each head of the family in the amount of two thousand dollars ($2,000). The legislature shall also exempt from taxation the property, including the community or joint property of husband and wife, of every honorably discharged member of the armed forces of the United States and the widow or widower of every such honorably discharged member of the armed forces of the United States, in the sum of three thousand dollars ($3,000) in 2004; three thousand five hundred dollars ($3,500) in 2005; and four thousand dollars ($4,000) in 2006 and each subsequent year. Provided, that in every case where exemption is claimed on the ground of the claimant's having served with the armed forces of the United States as aforesaid, the burden of proving actual and bona fide ownership of such property upon which exemption is claimed, shall be upon the claimant.<ref name="nm"/>
  
 
|}
 
|}
  
 
===Amendments===
 
===Amendments===
(As amended November 3, 1914, September 20, 1921, September 20, 1949, September 15, 1953, November 6, 1973 and November 8, 1988, November 5, 2002, and November 2, 2004.)    
+
*Amended on November 3, 1914.
 +
*Amended on September 20, 1921.
 +
*Amended on September 20, 1949.
 +
*Amended on September 15, 1953.
 +
*Amended on November 6, 1973
 +
*Amended on November 8, 1988.
 +
*Amended on November 5, 2002.
 +
*Amended on November 2, 2004.     
  
 
==Section 6==
 
==Section 6==
Line 93: Line 110:
 
'''Assessment of Lands'''
 
'''Assessment of Lands'''
  
Lands held in large tracts shall not be assessed for taxation at any lower value per acre then [than] lands of the same character or quality and similarly situated, held in smaller tracts. The plowing of land shall not be considered as adding value thereto for the purpose of taxation.
+
Lands held in large tracts shall not be assessed for taxation at any lower value per acre then [than] lands of the same character or quality and similarly situated, held in smaller tracts. The plowing of land shall not be considered as adding value thereto for the purpose of taxation.<ref name="nm"/>
  
 
|}
 
|}
  
 
==Amendments==
 
==Amendments==
(As amended November 3, 1914.)   
+
* Amended on November 3, 1914.  
  
 
==Section 7==
 
==Section 7==
Line 109: Line 126:
 
'''Judgments Against Local Officials'''
 
'''Judgments Against Local Officials'''
  
No execution shall issue upon judgment rendered against the board of county commissioners of any county, or against any incorporated city, town or village, school district or board of education; or against any officer of any county, incorporated city, town or village, school district or board of education, upon any judgment recovered against him in his official capacity and for which the county, incorporated city, town or village, school district or board of education, is liable, but the same shall be paid out of the proceeds of a tax levy as other liabilities of counties, incorporated cities, towns or villages, school districts or boards of education, and when so collected shall be paid by the county treasurer to the judgment creditor.
+
No execution shall issue upon judgment rendered against the board of county commissioners of any county, or against any incorporated city, town or village, school district or board of education; or against any officer of any county, incorporated city, town or village, school district or board of education, upon any judgment recovered against him in his official capacity and for which the county, incorporated city, town or village, school district or board of education, is liable, but the same shall be paid out of the proceeds of a tax levy as other liabilities of counties, incorporated cities, towns or villages, school districts or boards of education, and when so collected shall be paid by the county treasurer to the judgment creditor.<ref name="nm"/>
  
 
|}
 
|}
  
 
===Amendments===
 
===Amendments===
(As amended November 3, 1914.)   
+
* Amended on November 3, 1914.  
  
 
==Section 8==
 
==Section 8==
Line 125: Line 142:
 
'''Exemption of Certain Personalty in Transit Through the State'''
 
'''Exemption of Certain Personalty in Transit Through the State'''
  
Personal property which is moving in interstate commerce through or over the state of New Mexico, or which was consigned to a warehouse, public or private, or factory within New Mexico from outside the state for storage in transit to a final destination outside the state of New Mexico, manufacturing, processing or fabricating while in transit to a final destination, whether specified when transportation begins or afterwards, which destination is also outside the state, shall be deemed not to have acquired a situs in New Mexico for purposes of taxation and shall be exempt from taxation. Such property shall not be deprived of such exemption because while in the warehouse the property is assembled, bound, joined, processed, disassembled, divided, cut, broken in bulk, relabeled or repackaged.
+
Personal property which is moving in interstate commerce through or over the state of New Mexico, or which was consigned to a warehouse, public or private, or factory within New Mexico from outside the state for storage in transit to a final destination outside the state of New Mexico, manufacturing, processing or fabricating while in transit to a final destination, whether specified when transportation begins or afterwards, which destination is also outside the state, shall be deemed not to have acquired a situs in New Mexico for purposes of taxation and shall be exempt from taxation. Such property shall not be deprived of such exemption because while in the warehouse the property is assembled, bound, joined, processed, disassembled, divided, cut, broken in bulk, relabeled or repackaged.<ref name="nm"/>
  
 
|}
 
|}
  
 
===Amendments===
 
===Amendments===
(As added November 6, 1973.)    
+
*Added on November 6, 1973.     
  
 
==Section 9==
 
==Section 9==
Line 141: Line 158:
 
'''Elected Governing Authority Prerequisite to Levy of Tax'''
 
'''Elected Governing Authority Prerequisite to Levy of Tax'''
  
No tax or assessment of any kind shall be levied by any political subdivision whose enabling legislation does not provide for an elected governing authority. This section does not prohibit the levying or collection of a tax or special assessment by an initial appointed governing authority where the appointed governing authority will be replaced by an elected one within six years of the date the appointed authority takes office. The provisions of this section shall not be effective until July 1, 1976.
+
No tax or assessment of any kind shall be levied by any political subdivision whose enabling legislation does not provide for an elected governing authority. This section does not prohibit the levying or collection of a tax or special assessment by an initial appointed governing authority where the appointed governing authority will be replaced by an elected one within six years of the date the appointed authority takes office. The provisions of this section shall not be effective until July 1, 1976.<ref name="nm"/>
  
 
|}
 
|}
  
 
===Amendments===
 
===Amendments===
(As added November 5, 1974.
+
* Added on November 5, 1974.
 
 
 
==Section 10==
 
==Section 10==
Line 163: Line 180:
 
C. The annual distributions from the fund shall be one hundred two percent of the amount distributed in the immediately preceding fiscal year until the annual distributions equal four and seven-tenths percent of the average of the year-end market values of the fund for the immediately preceding five calendar years.  Thereafter, the amount of the annual distributions shall be four and seven-tenths percent of the average of the year-end market values of the fund for the immediately preceding five calendar years.   
 
C. The annual distributions from the fund shall be one hundred two percent of the amount distributed in the immediately preceding fiscal year until the annual distributions equal four and seven-tenths percent of the average of the year-end market values of the fund for the immediately preceding five calendar years.  Thereafter, the amount of the annual distributions shall be four and seven-tenths percent of the average of the year-end market values of the fund for the immediately preceding five calendar years.   
 
 
D. The frequency and the time of the distributions made pursuant to Subsection C of this section shall be as provided by law.
+
D. The frequency and the time of the distributions made pursuant to Subsection C of this section shall be as provided by law.<ref name="nm"/>
  
 
|}
 
|}
  
 
===Amendments===
 
===Amendments===
(As added November 2, 1976; as amended November 2, 1982 and November 5, 1996.
+
* Added on November 2, 1976.
 +
* Amended on November 2, 1982.
 +
* Amended on November 5, 1996.
 
 
==Section 11==
+
==Sections 11 - 14==
 
+
{| style="width:60%; background:#F2F2F2; margin-top:.1em; border:.5px solid #cccccc; solid;"
+
|color:#000"|
+
|-
+
|
+
| '''Text of Section 11:'''
+
'''Exemption of National Guard Members'''
+
 
+
|}
+
 
+
==Section 12, 13==
+
  
 
{| style="width:60%; background:#ECEBED; margin-top:.1em; border:.5px solid #cccccc; solid;"
 
{| style="width:60%; background:#ECEBED; margin-top:.1em; border:.5px solid #cccccc; solid;"
Line 187: Line 195:
 
|-
 
|-
 
|  
 
|  
| '''Text of Section 12, 13:'''
+
| '''Text of Sections 11 - 14:'''
  
Repealed.
+
''Repealed.''<ref name="nm"/>
 
+
|}
+
 
+
==Section 14==
+
 
+
{| style="width:60%; background:#F2F2F2; margin-top:.1em; border:.5px solid #cccccc; solid;"
+
|color:#000"|
+
|-
+
|
+
| '''Text of Section 14:'''
+
'''Accrual of Elderly Taxpayers' Real Property Taxes'''
+
  
 
|}
 
|}
Line 213: Line 210:
 
'''Property Tax Exemption for Disabled Veterans'''
 
'''Property Tax Exemption for Disabled Veterans'''
  
The legislature shall exempt from taxation the property, including the community or joint property of husband and wife, of every veteran of the armed forces of the United States who has been determined pursuant to federal law to have a one hundred percent permanent and total service-connected disability, if the veteran occupies the property as his principal place of residence. The legislature shall also provide this exemption from taxation for property owned by the widow or widower of a veteran who was eligible for the exemption provided in this section, if the widow or widower continues to occupy the property as his principal place of residence. The burden of proving eligibility for the exemption in this section is on the person claiming the exemption.  
+
The legislature shall exempt from taxation the property, including the community or joint property of husband and wife, of every veteran of the armed forces of the United States who has been determined pursuant to federal law to have a one hundred percent permanent and total service-connected disability, if the veteran occupies the property as his principal place of residence. The legislature shall also provide this exemption from taxation for property owned by the widow or widower of a veteran who was eligible for the exemption provided in this section, if the widow or widower continues to occupy the property as his principal place of residence. The burden of proving eligibility for the exemption in this section is on the person claiming the exemption.<ref name="nm"/>
 
|}
 
|}
  
 
===Amendments===
 
===Amendments===
(As added November 3, 1998; as amended November 5, 2002.)    
+
* Added on November 3, 1998.
 +
* Amended on November 5, 2002.     
  
 
==Section 16==
 
==Section 16==
Line 228: Line 226:
 
'''Property Tax Exemption for Federally Chartered Veteran's Organizations'''
 
'''Property Tax Exemption for Federally Chartered Veteran's Organizations'''
  
The legislature shall exempt from taxation the property of a veterans' organization chartered by the United States congress and used primarily for veterans and their families. The burden of proving eligibility for the exemption in this section is on the person claiming the exemption
+
The legislature shall exempt from taxation the property of a veterans' organization chartered by the United States congress and used primarily for veterans and their families. The burden of proving eligibility for the exemption in this section is on the person claiming the exemption.<ref name="nm"/>
  
 
|}
 
|}
  
 
===Amendments===
 
===Amendments===
 +
* Amended with the approval of [[New Mexico Property Tax Amendment, Amendment 4 (2010)]] on November 2, 2010.
  
[[New Mexico Property Tax Amendment, Amendment 4 (2010)|New section ratified on November 2, 2010]]
+
==See also==
 +
[[File:StateConstitutions Ballotpedia.jpg|right|175px]]
 +
* [[State constitution]]
 +
* [[Constitutional article]]
 +
* [[Constitutional amendment]]
 +
* [[Constitutional revision]]
 +
* [[Constitutional convention]]
 +
* [[Amendment|Amendments]]
 +
** [[Initiated constitutional amendment]]
 +
** [[Legislatively-referred constitutional amendment]]
 +
** [[Publication requirements for proposed state constitutional amendments]]
 +
** [[Rules about constitutional conventions in state constitutions]]
 +
** [[State constitutional articles governing state legislatures]]
  
 
==External links==
 
==External links==
* [http://www.nmonesource.com/nmpublic/gateway.dll/?f=templates&fn=default.htm New Mexico Constitution]
+
{{submit a link}}
 +
* [http://sos.state.nm.us/pdf/2007nmconst.pdf ''New Mexico SOS'', "New Mexico Constitution"]
 +
 
 +
==Additional reading==
 +
*[http://global.oup.com/academic/product/the-new-mexico-state-constitution-9780199779154?cc=us&lang=en& Smith, Charles E. (2011). ''The New Mexico State Constitution'', New York, New York: Oxford University Press]
  
==Navigation==
+
==References==
 +
{{reflist}}
 
{{New Mexico Constitution}}
 
{{New Mexico Constitution}}
 +
{{State constitutions}}
 +
{{New Mexico}}

Revision as of 11:23, 24 April 2014

New Mexico Constitution
Flag of New Mexico.png
Preamble
Articles
IIIIIIIVVVIVIIVIIIIXXXIXIIXIIIXIVXVXVIXVIIXVIIIXIXXXXXIXXIIXXIIIXXIV
Article VIII of the New Mexico Constitution is entitled Taxation and Revenue and consists of 15 sections.

Section 1

Text of Section 1:

Levy to Be Proportionate to Value; Uniform and Equal Taxes; Percentage of Value Taxed; Limitation on Annual Valuation Increases

A. Except as provided in Subsection B of this section, taxes levied upon tangible property shall be in proportion to the value thereof, and taxes shall be equal and uniform upon subjects of taxation of the same class. Different methods may be provided by law to determine value of different kinds of property, but the percentage of value against which tax rates are assessed shall not exceed thirty-three and one-third percent.

B. The legislature shall provide by law for the valuation of residential property for property taxation purposes in a manner that limits annual increases in valuation of residential property. The limitation may be applied to classes of residential property taxpayers based on owner-occupancy, age or income. The limitations may be authorized statewide or at the option of a local jurisdiction and may include conditions under which the limitation is applied. Any valuation limitations authorized as a local jurisdiction option shall provide for applying statewide or multi-jurisdictional property tax rates to the value of the property as if the valuation increase limitation did not apply.[1]

Amendments

  • Amended on November 3, 1914.
  • Amended on November 2, 1971.
  • Amended on November 3, 1998.

Section 2

Text of Section 2:

Property Tax Limits; Exception

Taxes levied upon real or personal property for state revenue shall not exceed four mills annually on each dollar of the assessed valuation thereof except for the support of the educational, penal and charitable institutions of the state, payment of the state debt and interest thereon; and the total annual tax levy upon such property for all state purposes exclusive of necessary levies for the state debt shall not exceed ten mills; provided, however, that taxes levied upon real or personal tangible property for all purposes, except special levies on specific classes of property and except necessary levies for public debt, shall not exceed twenty mills annually on each dollar of the assessed valuation thereof, but laws may be passed authorizing additional taxes to be levied outside of such limitation when approved by at least a majority of the qualified electors of the taxing district who paid a property tax therein during the preceding year voting on such proposition.[1]

Amendments

  • Amended on November 3, 1914.
  • Amended on September 19, 1933.
  • Amended on November 7, 1967.

Section 3

Text of Section 3:

Tax-Exempt Property

The property of the United States, the state and all counties, towns, cities and school districts and other municipal corporations, public libraries, community ditches and all laterals thereof, all church property not used for commercial purposes, all property used for educational or charitable purposes, all cemeteries not used or held for private or corporate profit and all bonds of the state of New Mexico, and of the counties, municipalities and districts thereof shall be exempt from taxation.

Provided, however, that any property acquired by public libraries, community ditches and all laterals thereof, property acquired by churches, property acquired and used for educational or charitable purposes, and property acquired by cemeteries not used or held for private, or corporate profit, and property acquired by the Indian service and property acquired by the United States government or by the state of New Mexico by outright purchase or trade, where such property was, prior to such transfer, subject to the lien of any tax or assessment for the principal or interest of any bonded indebtedness shall not be exempt from such lien, nor from the payment of such taxes or assessments.

Exemptions of personal property from ad valorem taxation may be provided by law if approved by a three-fourths majority vote of all the members elected to each house of the legislature.[1]

Amendments

  • Amended on November 3, 1914.
  • Amended on November 5, 1946.
  • Amended on November 7, 1972.

Section 4

Text of Section 4:

Misuse and Deposit of Public Money

Any public officer making any profit out of public money or using the same for any purpose not authorized by law, shall be deemed guilty of a felony and shall be punished as provided by law and shall be disqualified to hold public office. All public money not invested in interest-bearing securities shall be deposited in national banks in this state, in banks or trust companies incorporated under the laws of the state, in federal savings and loan associations in this state, in savings and loan associations incorporated under the laws of this state whose deposits are insured by an agency of the United States and in credit unions incorporated under the laws of this state or the United States to the extent that such deposits of public money in credit unions are insured by an agency of the United States, and the interest derived therefrom shall be applied in the manner prescribed by law. The conditions of such deposits shall be provided by law.[1]

Amendments

  • Amended on November 3, 1914.
  • Amended on November 7, 1967.
  • Amended on November 4, 1986.

Section 5

Text of Section 5:

Head of Family and Veteran Exemptions

The legislature shall exempt from taxation the property of each head of the family in the amount of two thousand dollars ($2,000). The legislature shall also exempt from taxation the property, including the community or joint property of husband and wife, of every honorably discharged member of the armed forces of the United States and the widow or widower of every such honorably discharged member of the armed forces of the United States, in the sum of three thousand dollars ($3,000) in 2004; three thousand five hundred dollars ($3,500) in 2005; and four thousand dollars ($4,000) in 2006 and each subsequent year. Provided, that in every case where exemption is claimed on the ground of the claimant's having served with the armed forces of the United States as aforesaid, the burden of proving actual and bona fide ownership of such property upon which exemption is claimed, shall be upon the claimant.[1]

Amendments

  • Amended on November 3, 1914.
  • Amended on September 20, 1921.
  • Amended on September 20, 1949.
  • Amended on September 15, 1953.
  • Amended on November 6, 1973.
  • Amended on November 8, 1988.
  • Amended on November 5, 2002.
  • Amended on November 2, 2004.

Section 6

Text of Section 6:

Assessment of Lands

Lands held in large tracts shall not be assessed for taxation at any lower value per acre then [than] lands of the same character or quality and similarly situated, held in smaller tracts. The plowing of land shall not be considered as adding value thereto for the purpose of taxation.[1]

Amendments

  • Amended on November 3, 1914.

Section 7

Text of Section 7:

Judgments Against Local Officials

No execution shall issue upon judgment rendered against the board of county commissioners of any county, or against any incorporated city, town or village, school district or board of education; or against any officer of any county, incorporated city, town or village, school district or board of education, upon any judgment recovered against him in his official capacity and for which the county, incorporated city, town or village, school district or board of education, is liable, but the same shall be paid out of the proceeds of a tax levy as other liabilities of counties, incorporated cities, towns or villages, school districts or boards of education, and when so collected shall be paid by the county treasurer to the judgment creditor.[1]

Amendments

  • Amended on November 3, 1914.

Section 8

Text of Section 8:

Exemption of Certain Personalty in Transit Through the State

Personal property which is moving in interstate commerce through or over the state of New Mexico, or which was consigned to a warehouse, public or private, or factory within New Mexico from outside the state for storage in transit to a final destination outside the state of New Mexico, manufacturing, processing or fabricating while in transit to a final destination, whether specified when transportation begins or afterwards, which destination is also outside the state, shall be deemed not to have acquired a situs in New Mexico for purposes of taxation and shall be exempt from taxation. Such property shall not be deprived of such exemption because while in the warehouse the property is assembled, bound, joined, processed, disassembled, divided, cut, broken in bulk, relabeled or repackaged.[1]

Amendments

  • Added on November 6, 1973.

Section 9

Text of Section 9:

Elected Governing Authority Prerequisite to Levy of Tax

No tax or assessment of any kind shall be levied by any political subdivision whose enabling legislation does not provide for an elected governing authority. This section does not prohibit the levying or collection of a tax or special assessment by an initial appointed governing authority where the appointed governing authority will be replaced by an elected one within six years of the date the appointed authority takes office. The provisions of this section shall not be effective until July 1, 1976.[1]

Amendments

  • Added on November 5, 1974.

Section 10

Text of Section 10:

Severance Tax Permanent Fund

A. There shall be deposited in a permanent trust fund known as the "severance tax permanent fund" that part of state revenue derived from excise taxes that have been or shall be designated severance taxes imposed upon the severance of natural resources within this state, in excess of that amount that has been or shall be reserved by statute for the payment of principal and interest on outstanding bonds to which severance tax revenue has been or shall be pledged. Money in the severance tax permanent fund shall be invested as provided by law. Distributions from the fund shall be appropriated by the legislature as other general operating revenue is appropriated for the benefit of the people of the state.

B. All additions to the fund and all earnings, including interest, dividends and capital gains from investment of the fund shall be credited to the corpus of the fund.

C. The annual distributions from the fund shall be one hundred two percent of the amount distributed in the immediately preceding fiscal year until the annual distributions equal four and seven-tenths percent of the average of the year-end market values of the fund for the immediately preceding five calendar years. Thereafter, the amount of the annual distributions shall be four and seven-tenths percent of the average of the year-end market values of the fund for the immediately preceding five calendar years.

D. The frequency and the time of the distributions made pursuant to Subsection C of this section shall be as provided by law.[1]

Amendments

  • Added on November 2, 1976.
  • Amended on November 2, 1982.
  • Amended on November 5, 1996.

Sections 11 - 14

Text of Sections 11 - 14:

Repealed.[1]

Section 15

Text of Section 15:

Property Tax Exemption for Disabled Veterans

The legislature shall exempt from taxation the property, including the community or joint property of husband and wife, of every veteran of the armed forces of the United States who has been determined pursuant to federal law to have a one hundred percent permanent and total service-connected disability, if the veteran occupies the property as his principal place of residence. The legislature shall also provide this exemption from taxation for property owned by the widow or widower of a veteran who was eligible for the exemption provided in this section, if the widow or widower continues to occupy the property as his principal place of residence. The burden of proving eligibility for the exemption in this section is on the person claiming the exemption.[1]

Amendments

  • Added on November 3, 1998.
  • Amended on November 5, 2002.

Section 16

Text of Section 16:

Property Tax Exemption for Federally Chartered Veteran's Organizations

The legislature shall exempt from taxation the property of a veterans' organization chartered by the United States congress and used primarily for veterans and their families. The burden of proving eligibility for the exemption in this section is on the person claiming the exemption.[1]

Amendments

See also

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