Overview

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. 

Form Schedule

The forms listed below must be completed for your rendition:

• Generic CAB Forms

  • CAB-01: Report of Company Information

  • CAB-04: Report of Real Property

  • CAB-05: Report of Personal Property

  • CAB-06: Report of Construction Work in Progress (CWIP)

  • CAB-08: Report of Leased Property

    • Note: Use to list all leased or rented property where the tax liability rests with lessor.

• Industry CAB Forms

  • CAB-W1: Report of Water Property Value

    • Note: 

Training Videos

12/21/2021: