{"data":{"id":"us-nm/7-38-7","jurisdiction":"us-nm","citation":"7-38-7","heading":"Valuation date.","body":"All property subject to valuation for property taxation purposes shall be valued as of January 1 of each tax year, except that livestock shall be valued as of the date and in the manner prescribed under Section 7-36-21 NMSA 1978 and tangible personal property of construction contractors shall be valued as of the date and in the manner prescribed under Section 1 [7-38-7.1 NMSA 1978] of this act.","path":["Chapter 7 - Taxation","ARTICLE 38 Administration and Enforcement of Property Taxes"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18507/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"c704141273150b3fa36ce3ef022360f06c2843440ff3ad0b96ea15d12b5e43e5","source_id":"us-nm","stale":false,"prev":"us-nm/7-38-6","next":"us-nm/7-38-7.1"},"notice":"GroundRules: Original legal text. Not legal advice."}