Statutes > New Mexico Statutes > Chapter 7 - Taxation. > Article 39 - Copper Production Ad Valorem Tax, 7-39-1 through 7-39-10. > Section 7-39-7 - Determination of taxable values for taxing districts.

Section 7-39-7 - Determination of taxable values for taxing districts.

7-39-7. Determination of taxable values for taxing districts.

To determine for any purpose the total taxable value of property required to be taxed under the Copper Production Ad Valorem Tax Act for any taxing jurisdiction for any year after 1990, the taxable value of copper mineral property for the taxing jurisdiction entered upon the schedules prepared under the Copper Production Ad Valorem Tax Act for the tax year preceding the determination shall be used.