New Mexico Supreme Court upholds “tax lightning” statute
In New Mexico, a state statute provides that residential property taxes cannot be raised more than 3% per year, unless the home is sold, in which case the next property tax assessment can be for the home’s full value. This means that when a … Continue reading
Posted in New Mexico Supreme Court, News, Opinions and Analysis
Tagged Justice Petra Jimenez Maes, Property Tax, Zhao v. Montoya
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