What if there is an improvement (house) on the agricultural land?

A minimum of one acre will be designated as a home site and will be valued at market value. A home site, as defined in the NMSA 7-36- 20-E means the site is used primarily as a residence and is more than the boundary of the foundation of an improvement used as a residence. All remaining land will receive the agricultural valuation rate providing that the primary use of the remaining land qualifies as Agricultural under the statute.

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1. What is the difference between wet and dry agricultural land?
2. What if there is an improvement (house) on the agricultural land?
3. What are the requirements to qualify for a grazing classification?
4. What does “agricultural products” mean?
5. Does the assessor’s office have the right to request income and expense information from a taxpayer who is applying for agricultural valuation?
6. How does the assessor determine whether the primary use of the land is agricultural?