Frequently Asked Questions

Businesses must report by the last day of February, each year.

The following is a partial list only:

• Office furniture and fixtures, including file cabinets, books and bookcases, desks and decorative items.
• Store equipment such as racks, shelves, shopping carts, equipment, typewriters, time clocks and ATM’s.
• Restaurant equipment including tables, booths chairs, drinks dispersers, freezers, appliances. Sinks and cookware.
• Apartment, motel and hotel equipment including furniture, exercise equipment, appliances, lighting and decorative items.
• Machinery and heavy equipment as well as shop tools, dental tools, drilling equipment, portable sheds, dumpsters, golf carts.
• Forklifts, engraving machines, welding equipment, and mortuary equipment.
• Electronic equipment, such as sound systems, alarm systems, musical instruments, fax machines, computers, camera equipment
• Equipment, postage scales, vending machines, radios, televisions
• Small tools and video recorders.
• Leased equipment is also assessable.
• Any other tangible personal property used in business.

Inventories that are for sale or resale at wholesale, retail or consignment, leasehold improvements, motor vehicles that are registered under the Provisions of the Motor Vehicle Code (except for manufactured homes), and aircraft registered under the Aircraft Registration Act, act. (NMSA 7-36- 8).