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It is our intention to provide you with helpful information and answers to the most commonly asked questions.

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All Posts > Agriculture and Grazing

A: All livestock including cattle, buffalo, horses, mules, sheep, goats, swine, ratites and other domestic animals useful to man are to be valued for property taxation purposes.


A: Yes. NMSA 1978, Chapter 7-36-20, the application form may contain a request for providing information as the owner’s farm income and farm expenses reported to the U.S. Internal Revenue Service on Schedule F.


A: The Assessor will establish an assessed value of the property which is estimated on the market value of the property taking in to consideration valuation limitations and exemptions that are defined by state statute.


A: As defined in Chapter 7-36-20, "wet or irrigated" land is "all agricultural land receiving supplemental water to that provided by natural rainfall."  Dry land is defined as "all agricultural land without a supplemental water supply."


A: One acre will be designated as "home site", and will be valued at market value. A home site, as the term is used in Chapter 7-36-20, is the site used primarily as a residence; is more than a boundary of the foundation of an improvement used as a residence, and included land on which swimming pools, tennis courts and similar non-agricultural facilities are located. It does not include land on which agricultural facilities such as barns, pig pens, corrals, and bunk houses, farm equipment, sheds and other outdoor buildings are located. The non-agricultural or improvement portions will be added to the land value. All remaining land will receive the agricultural rate, providing that the primary use of the remaining land qualifies as agricultural under the statute.


A: Grazing valuation requires proof of the presence of livestock on the property and proof that the livestock has access to all of the agricultural land for the tax year.  This may be in the form of a grazing lease, a personal property declaration of livestock which graze on the land, or some other proof of grazing use.  However, grazing must be the primary use of the land in order to quality.


A: One acre-non-improved is the minimum acreage that can be used as agriculture and 80-acres minimum grazing.


A: Agricultural products include:  plants, crops, trees, forest products, orchard crops, livestock, wool, mohair, hides, pelts, poultry, fish, dairy products and honey.


A: Yes. Chapter 7-36-20, NMSA 1978, the application form may contain a request for providing information as the owner's farm income and farm expenses reported to the U.S. Internal Revenue Service on Schedule F.


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