Statutes > New Mexico Statutes > Chapter 66 - Motor Vehicles. > Article 6 - Fees, 66-6-1 through 66-6-36. > Section 66-6-26 - Registered vehicle exempt from property tax; exception.

Section 66-6-26 - Registered vehicle exempt from property tax; exception.

66-6-26. Registered vehicle exempt from property tax; exception.

No vehicle upon which the registration fees provided for in the Motor Vehicle Code [66-1-1 NMSA 1978] have been paid shall be assessed or taxed upon any property assessment rolls in this state for the period for which the fees are paid, except that mobile homes shall be subject to assessment and property tax in addition to the vehicle registration fee.