New Mexico § 66-6-7 - Exemptions
Full text of New Mexico New Mexico Statutes Annotated § 66-6-7 — Exemptions, with citation guidance and answers to common questions.
§ 66-6-7. Exemptions
A. Every person who, by the terms and provisions of Section 7-37-5 NMSA 1978 , is entitled to a veteran exemption and who does not have sufficient real or personal
property to claim the full exemption under that section may be eligible to pay motor
vehicle registration fees at two-thirds the rates charged on vehicles which the veteran
owns. The person claiming a reduced motor vehicle registration fee shall make an affidavit
that in any claim of a veteran exemption thereafter during such year, he will set
forth the amount of reductions so received which shall reduce the amount of benefits
received from the real or personal property tax exemption to that extent. No person shall receive any reductions of registration fees in a greater sum during
any one year than an amount equal to the property tax imposed on two thousand dollars
($2,000) of net taxable value of property in the school district in which he resides. B. The director shall certify to the proper county assessor the amount of reduction
received under the provisions of this section by any person, and the assessor shall
note the reduction on his valuation records.
Frequently Asked Questions About New Mexico § 66-6-7
What does New Mexico Statutes Annotated § 66-6-7 cover?
Section 66-6-7 ("Exemptions") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 66-6-7?
A common citation format is "New Mexico Statutes Annotated § 66-6-7" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 66-6-7 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.