[et_pb_section fb_built=”1″ _builder_version=”4.16″ _module_preset=”default” background_repeat=”round” custom_margin=”0px||||false|false” custom_padding=”0px||0px|||” global_colors_info=”{}”][et_pb_row _builder_version=”4.16″ _module_preset=”default” use_background_color_gradient=”on” background_color_gradient_stops=”#ffffff 0%|#dedede 100%” background_color_gradient_start=”#ffffff” background_color_gradient_end=”#dedede ” custom_margin=”0px||||false|false” custom_padding=”4px||4px||true|false” background_color_gradient_stops_tablet=”#ffffff 0%|#dedede 100%” background_color_gradient_stops_phone=”#ffffff 0%|#dedede 100%” border_width_all=”1px” border_color_all=”#c9c9c9″ global_module=”210″ saved_tabs=”all” locked=”off” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_dmb_breadcrumbs font_icon=”5||divi||400″ home_icon=”||divi||400″ use_home_text=”on” home_text=”All NM Taxes” use_home_url=”on” home_url=”\/all-nm-taxes\/all-nm-taxes\/” _builder_version=”4.16″ _module_preset=”default” body_text_color=”#282728″ separator_text_color=”#282728″ link_text_color=”#000000″ custom_padding=”0px||0px|15px|false|false” global_colors_info=”{}”][\/et_pb_dmb_breadcrumbs][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ specialty=”on” padding_top_1=”0px” _builder_version=”4.16″ _module_preset=”default” custom_padding=”0px||0px|||” global_colors_info=”{}”][et_pb_column type=”1_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_blurb title=”Explore Section & Events” use_icon=”on” font_icon=”||divi||400″ _builder_version=”4.13.0″ _module_preset=”7b5e95ba-231a-438c-8dd9-6676746c29e6″ global_module=”8030″ global_colors_info=”{}”][\/et_pb_blurb][et_pb_sidebar area=”et_pb_widget_area_5″ _builder_version=”4.9.0″ _module_preset=”50d7f88b-470d-49c8-b370-96c4a9bca4df” global_module=”2462″ saved_tabs=”all” global_colors_info=”{}”][\/et_pb_sidebar][\/et_pb_column][et_pb_column type=”3_4″ specialty_columns=”3″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_row_inner _builder_version=”4.16″ _module_preset=”default” background_color=”#ffffff” custom_padding=”|20px||20px|false|false” global_colors_info=”{}”][et_pb_column_inner saved_specialty_column_type=”3_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_post_title meta=”off” _builder_version=”4.16″ _module_preset=”default” title_font=”|300|||||||” title_font_size=”50px” title_letter_spacing=”-3px” global_colors_info=”{}”][\/et_pb_post_title][et_pb_text _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n
This page provides revenue and statistical information on these taxes.<\/p>\n
For reports on oil, natural gas and other hydrocarbons used by the Tax Analysis, Research and Statistics Office. Go to\u00a0<\/span>this page<\/a><\/strong>, choose either \u201cReports \u2013 Historical Tax Research\u2026\u201d or \u201cReports \u2013 Current Tax Research\u2026\u201d.<\/p>\n Oil and Gas Severance Reports<\/strong><\/span><\/a><\/p>\n Select report(s) of interest and enter prompted selection criteria.<\/p>\n This is an ad valorem tax on equipment used in production of oil, natural gas, carbon dioxide and non-hydrocarbon gas. The tax is on the assessed value of the equipment. The assessed value of the equipment is a percentage of its value as established under the Ad Valorem Production Tax multiplied by the uniform assessment ratio.\u00a0<\/span>Section 7-34-1 NMSA 1978<\/a><\/strong><\/p>\n This is an ad valorem tax on the assessed value of products severed and sold from each production unit. The assessed value is determined by applying the uniform assessment ratio to the taxable value of products. The tax is governed by\u00a0<\/span>Section 7-32-1 et seq. NMSA 1978<\/a><\/strong>.<\/p>\n Note: Tax collections are distributed the 3rd month after the accrual (business activity) month. For example, the file for OG Production reflects business activity in September, the collection month was November (tax returns were due by November 25th), and these collections were distributed in December.<\/p>\n To access your ACH Transfer Notice and Distribution Summary, select a report below. Once the file is open, use the down arrow on the tool bar at the top of the screen to navigate to the letter that applies to your local government or school district.<\/p>\n Note: If having issues downloading files – right click > open link in new tab.<\/strong><\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.27.6″ _module_preset=”default” header_6_font=”|700|||||||” header_6_text_color=”#ffffff” header_6_font_size=”12px” global_colors_info=”{}”]<\/p>\nMonthly Oil and Gas Production & Equipment Distribution Reports<\/h3>\n
Oil and Gas Ad Valorem Equipment Tax<\/h4>\n
Oil and Gas Ad Valorem Production Tax<\/h4>\n