[map] New Mexico

New Mexico

Summary: By July 1 of each year, the county treasurer shall prepare a tax delinquency list of all real property for which taxes have been delinquent for more than two years. (Sec. 7-38-61). After the receipt of the tax delinquency list, the department has the responsibility and exclusive authority to take all action necessary to collect delinquent taxes shown on the list. (Sec. 7-38-62). Real property may then be sold for delinquent taxes after the expiration of three years from the first date shown on the tax delinquency list on which the taxes on the real property became delinquent. (Sec. 7-38-65, Sec. 7-38-67).

Law: New Mexico Statutes, Chapter 7, Article 38, “Administration and Enforcement of Property Taxes.”
Contact: County Assessor-Collector. (Sec. 7-38-62).
Interest Rate: Not applicable.
Auction Type: Tax Deed. (Sec. 7-38-70a). Upon receiving payment for real property sold for delinquent taxes, the division shall execute and deliver a deed to the purchaser. (Sec. 7-38-70a).

Bidding Procedure: Premium bid / highest bid. (Sec. 7-38-67 ). The property is sold to the highest bidder who offers at least the minimum price set by the Department (Sec. 7-38-67). The minimum price must not be less than the total of all delinquent taxes, penalties, interests, and costs.

Costs: Payment of delinquent taxes listed and any penalty, interest or costs due in connection with those taxes shall be made to the department if occurring after the receipt by the department of the tax delinquency list (Sec. 7-38-62). The notice of sale will specify the costs that are due (Sec. 7-38-66).
Redemption Period: Not applicable.

Deed Assigned at Foreclosure to: Upon receiving payment for real property sold for delinquent taxes, the division shall execute and deliver a deed to the purchaser. (Sec. 7-38-70).

Notes: According to (Sec. 7-1-49 New Window) when an investor purchase a property at a New Mexico Tax Deed Sale the investor takes it ‘subject to all outstanding prior interests and encumbrances (i.e., mortgages) of record’.

New Mexico Contacts
number of Counties: 33

Bernalillo County
One Civic Plaza, Floor 10
Delinquent Property Tax Division
Albuquerque, NM 87102
Phone: (505) 768-4217

Colfax County
P.O. Box 1498
Delinquent Property Tax Division
Raton, NM 87740-1498
Phone: (505) 445-5551

Curry County
700 N. Main Street, Suite 10
Delinquent Property Tax Division
Clovis, NM 88101-6664
Phone: (505) 763-6016

Dona Ana County
251 West Amador Avenue, Room 103
Delinquent Property Tax Division
Las Cruces, NM 88005-2800
Phone: (505) 647-7420

Lea County
100 N Main, Suite 4
Delinquent Property Tax Division
Lovington, NM 88260-4030
Phone: (505) 396-8581

McKinley County
P.O. Box 70
Delinquent Property Tax Division
Gallup, NM 87305-0070
Phone: (505) 722-3868

Otero County
1000 New York Avenue
Delinquent Property Tax Division
Alamogordo, NM 88310-6900
Phone: (505) 437-7427

San Juan County
100 South Oliver Drive
Delinquent Property Tax Division
Aztec, NM 87410-2417
Phone: (505) 334-9481

San Miguel County
520 West National
Delinquent Property Tax Division
Las Vegas, NM 87701
Phone: (505) 425-9331

Santa Fe County
P.O. Box 276
Delinquent Property Tax Division
Santa Fe, NM 87504-0276
Phone: (505) 986-6200