New Mexico Statutes 11-3A-22. Exemption of property from taxation
Current as of: 2023 | Check for updates
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The real property of a housing project, as defined in the Regional Housing Law, is declared to be public property used for essential public and governmental purposes and is property of a regional housing authority of this state and is exempt from taxation until a deed conveying that property to a nonexempt entity is executed and delivered by the regional housing authority.
Terms Used In New Mexico Statutes 11-3A-22
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.