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People also ask
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How much are water rights worth in NM?
Recent prices for water rights have ranged as high as $35,000 to $45,000 per right to consume an acre-foot each year in the Santa Fe area to $9,000 to $35,000 in the Middle Rio Grande to $2,400 in the Roswell Artesian Basin.
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What state has the best water rights?
State rankings Colorado scored highest because of its relatively robust framework for authorizing and approving water rights transfers. California also scored well as it provides state funding for improving environmental flows.
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Who is the state engineer for New Mexico?
Meet Elizabeth Anderson, the New Mexico State Engineer.
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Do water rights transfer with property in New Mexico?
Irrigation water rights are appurtenant to land. Irrigation water rights are appurtenant to the land, meaning that any conveyance of the land will carry the water right with it unless the water right is expressly reserved by the grantor. Walker v. United States, 2007-NMSC-038, 142 N.M. 45, 162 P.
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How much are water rights worth in New Mexico?
Recent prices for water rights have ranged as high as $35,000 to $45,000 per right to consume an acre-foot each year in the Santa Fe area to $9,000 to $35,000 in the Middle Rio Grande to $2,400 in the Roswell Artesian Basin.
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How do you determine the value of water rights?
The value of the water right is determined based on the cost of its replacement with another source. The total cost of a project could include the costs associated with the development and implementation of conservation measures or the development of new infrastructure such as a dam or off-stream storage reservoir.
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Can you drill your own water well in New Mexico?
It is unlawful to drill a water well without a well driller's license.
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What is the New Mexico water settlement?
San Juan Basin/Navajo Nation Settlement Agreement- The State of New Mexico and the Navajo Nation on April 19, 2005, signed a water rights settlement that would resolve the claims of the Navajo Nation for the use of waters of the San Juan River Basin in northwestern New Mexico.
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