No. 179 Deductions taken on the Federal Income Tax Schedule are considered
depreciation.
WHAT’S TAXABLE:
Heavy Construction Equipment
Video Games
Copy Machines & Duplicators
Rental Televisions
Video Tapes & Equip
Fax Machines
Computers
Terminals & All Satellite Equipment for the computer
All Equipment not listed on Schedul1 & # includes Office Furniture
Machine and Misc
Equipment Store
Restaurant or Motel Equipment
Machinery & Tools
Leased Equipment (short term items.)
RENDITION FORMS:
Supplied by County Assessor.
EXEMPT TYPE:
Vehicles licensed in New Mexico and Inventory held for sale; Small hand tools (tools of the trade) may be given
a flat estimated value.
VALUE NOTICE DATE:
30-Apr
RIGHT OF PROTEST:
Protest must be filed with the county assessor on or before, the later of April 1 of the property tax year to
which the notice applies or thirty days after the mailing by the assessor of the notice of valuation.
PROTEST DEADLINE:
30 days after mailing by the assessor of the notice of valuation.
RIGHT OF APPEAL &
FILING REQUIREMENT:
No
TAX DUE:
Paid in two installments. November 10th in the year the tax bill is prepared and April 10th
following year.
