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.
The forms listed below must be completed for your rendition:
Generic CAB Forms
Industry CAB Forms
CAB-W1: Report of Water Property Value