Statutes > New Mexico Statutes > Chapter 7 - Taxation. > Article 37 - Imposition of Property Tax, 7-37-1 through 7-37-8. > Section 7-37-2 - Imposition of the tax.

Section 7-37-2 - Imposition of the tax.

7-37-2. Imposition of the tax.

A tax is imposed upon all property subject to valuation for property taxation purposes under Article 36 of Chapter 7 NMSA 1978. The tax shall be imposed at the rates authorized and in the manner and for the purposes specified in this article.