Overview
The value of commercial water property is determined according to the special method of valuation as described in Section 7-36-28 NMSA 1978.
Note: "Closed System,” means a commercial water system in which water is gathered primarily by wells and stored in closed reservoirs and tanks.
Note: "Combination System" means a commercial water system in which water is gathered both in open reservoirs and by well and is stored both in open reservoirs and closed reservoirs and tanks.
Form Schedule
The forms listed below must be completed for your rendition:
Generic CAB Forms
CAB-01: Report of Company Information
CAB-04: Report of Real Property
CAB-05: Report of Personal Property
CAB-08: Report of Leased Property
Note: Use to list all leased or rented property where the tax liability rests with lessor.
Industry CAB Forms
CAB-W1: Report of Water Property Value
Note:
Training Videos
12/21/2021: