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New Mexico SenateSB 186

Multifamily Housing Valuation

Failed 16–23Crossed party lines

What it does: Lets owners of multifamily housing choose among valuation methods for property tax: the existing 3 percent annual cap, a 40 percent valuation cap, or, for new construction, the lower of market value or construction and land cost. (AI-written summary of the bill; the official record shows the exact version voted)

Question before the chamber: SENATE BILL 186, AS AMENDED

Read the official record ↗

The tally

Yes 16 · No 23 · Not voting 3

Bar: green = yes, brown = no, striped = not voting.

Votes by party
PartyYesNoNot voting
Democrats1583
Republicans1150

Most Democrats voted yes; most Republicans voted no. 9 members voted against their party’s majority.

Voted against their party’s majority

The full roll (42)

“Not voting” is a recorded non-vote, not a reason for the absence. Parties come from public rosters; how we count.