Error results in tax break for horse owners Horse owners in eastern New Mexico can look forward to a tax break this year due to an oversight by the New Mexico Livestock Board. Due to a accounting error, there will be no livestock board tax on horses in New Mexico for 2008 — horse owners will only have to pay local and state property taxes. The error will cost the livestock board $72,000 toward the 2009 budget, which is $6 million, said Myles Culbertson, executive director of the livestock board. “This error will not affect our services, but it will reduce our budget,” Culbertson said. “We have a large budget, but every dollar is spoken for.”....