Is property split 50/50 in a New Mexico divorce?
Community property is what gets divided, and how the court divides it is a question for your attorney. New Mexico law defines community property as property acquired by either or both spouses during the marriage that is not separate property, and presumes property the spouses took title to together is community property. What that rule cannot do is say what a vehicle, a collection, or a business is worth, which is why an appraisal prepared to the date counsel or the court specifies is usually the first step.
When are New Mexico business personal property reports due?
On or before the last day of February of the tax year for property reported to the Property Tax Division's State Assessed Property Bureau, with an extension of up to 30 days available on form CAB-EXT when the Director approves it. A postmark counts as the filing date. Our equipment appraisals give owners a documented market value to stand behind when reported cost and actual condition have diverged.