Legal Opinion
U. V. Industries, Inc. v. Property Tax Division
New Mexico Court of Appeals
Decided November 13, 1979No. 3906Published
1Opinion of the Court
OPINION
WOOD, Chief Judge.
The appeal concerns the valuation, for property tax purposes, of class one productive mineral property, see § 7-36-22(A), N.M.S.A. 1978, and property used in connection with that property. The taxpayer, U.V. Industries, Inc., claims the negative value of class one productive mineral property, for tax year 1978, should be applied against the positive value of other property used in connection therewith to reduce the total taxable value. PTD (Property Tax Division of the Taxation and Revenue Department) rejected this contention in its special order denying the…
2Cases cited5 opinions
- Mullaney v. AndersonSupreme Court of the United States · 1952
- Gruschus Ex Rel. Estate of Adams v. Bureau of RevenueNew Mexico Supreme Court · 1965
- United States v. Calvin A. Behle and Grace C. BebleCourt of Appeals for the Tenth Circuit · 1963
- First Nat. Bank v. State Tax CommissionNew Mexico Supreme Court · 1939
- Santa Fe Pacific Railroad v. Property Tax DepartmentNew Mexico Court of Appeals · 1976