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Property tax changes on statewide ballot in New Mexico
The article explains proposed constitutional amendments for the November statewide election. One would allow varied valuation methods with a 33 1/3 percent maximum assessment, varying by property class. Veterans opposed earlier exemptions concerns, though this amendment avoids that. A second amendment would remove outdated language about a statewide property tax levy to fund the school fund, potentially limiting state involvement and shifting to local control. A third amendment would extend exemptions to rural consumer owned nonprofit domestic water systems.
MENTIONED IN THIS ARTICLE
Bill Feather
Associated Press
Santa FE
N.M
New Mexico
New Mexico Supreme Court