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Part Two The New Mexico Constitution and Commentary, Art.VIII Taxation and Revenue

From: The New Mexico State Constitution

Charles E. Smith

From: Oxford Constitutions (http://oxcon.ouplaw.com). (c) Oxford University Press, 2021. All Rights Reserved.date: 07 May 2021

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. The 1971 amendment to this section added the second sentence; the 1914 amendment rewrote the first sentence, which formerly read: “The rates of taxation shall be equal and uniform upon all subjects...
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