{"data":{"id":"us-nm/3-45-19","jurisdiction":"us-nm","citation":"3-45-19","heading":"Exemption of property from taxation.","body":"The real property of a housing project, as defined in Section 3-45-3 NMSA 1978, is declared to be public property used for essential public and governmental purposes and is property of a city of this state and is exempt from taxation until a deed conveying that property to a nonexempt entity is executed and delivered by the city.","path":["Chapter 3 - Municipalities","ARTICLE 45 Municipal Housing"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18504/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"0a6b64ef61da5e4512332302f913687c891bc8447328974164cb8467982f3e3b","source_id":"us-nm","stale":false,"prev":"us-nm/3-45-18","next":"us-nm/3-45-20"},"notice":"GroundRules: Original legal text. Not legal advice."}