Busines Personal Property: Determining Value

Business Personal Property Department · March 4, 2026

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Valuation method explained

Presentation

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An agency official described how the Business Personal Property Department values tangible business property: it begins with the assets actual acquisition cost and then applies straight-line depreciation to reflect an assets useful life, a method the official said is used to ensure fair and consistent valuations under New Mexico law; the official directed listeners to burnco.gov/assessor for more information.

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An agency official explained how the Business Personal Property Department determines tangible value: starting with the asset's acquisition cost and applying straight-line depreciation to reflect useful life, citing New Mexico law and directing businesses to burnco.gov/assessor for more information.

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