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.
§ 66-6-26 NMSA 1978
Registered vehicle exempt from property tax; exception
1953 Comp., § 64-6-26, enacted by Laws 1978, ch. 35, § 361.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.