4-54-4. Tax limitation.
106 words·~1 min read·
/nm/chapter-4-counties/article-54-community-service-districts/4-54-4·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The aggregate total of all taxes levied by a community service district for all purposes shall not exceed a rate of ten dollars ($10.00), or any lower maximum amount required by operation of the rate limitation provisions of Section 7-37-7.1 NMSA 1978 upon taxes levied pursuant to the Community Service District Act, on each one thousand dollars ($1,000) of net taxable value, as that term is defined in the Property Tax Code [Chapter 7, Articles 35 to 38 NMSA 1978], of taxable property within this community service district.
History: 1953 Comp., § 15-54-4, enacted by Laws 1965, ch. 283, § 4; 1986, ch. 32, § 5.