SENATE BILL 672

48th legislature - STATE OF NEW MEXICO - first session, 2007

INTRODUCED BY

Linda M. Lopez

AN ACT

RELATING TO PROPERTY TAX; CHANGING THE NOTIFICATION PERIOD AFTER WHICH NOTICE OF TAX DELINQUENCY IS PROVIDED; CHANGING THE PERIOD BEFORE WHICH PROPERTY IS LISTED AS TAX DELINQUENT.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

     Section 1. Section 7-38-60 NMSA 1978 (being Laws 1973, Chapter 258, Section 101, as amended) is amended to read:

     "7-38-60. NOTIFICATION TO PROPERTY OWNER OF DELINQUENT TAXES.--By June 10 of each year, the county treasurer shall mail a notice to each property owner of property for which taxes have been delinquent for more than [two] three years. The notice shall be in a form and contain the information prescribed by department regulations and shall include the following:

          A. a description of the property upon which the taxes are due;

          B. a statement of the amount of property taxes due, the date on which they became delinquent, the rate of accrual of interest and any penalties or costs that may be charged;

          C. a statement that the delinquent tax account on real property will be transferred to the department for collection;

          D. a statement that if taxes due on real property are not paid within [three] four years from the date of delinquency, the real property will be sold and a deed issued; and

          E. a statement that if taxes due on personal property are not paid, the personal property may be seized and sold for taxes under authority of a demand warrant."

     Section 2. Section 7-38-61 NMSA 1978 (being Laws 1973, Chapter 258, Section 100, as amended) is amended to read:

     "7-38-61. REAL PROPERTY TAXES DELINQUENT FOR MORE THAN [TWO] THREE YEARS--TREASURER TO PREPARE DELINQUENCY LIST--NOTATION ON PROPERTY TAX SCHEDULE.--

          A. By July 1 of each year, the county treasurer shall prepare a property tax delinquency list of all real property for which taxes have been delinquent for more than [two] three years. The tax delinquency list shall contain the information and be in a form prescribed and submitted by the date required by department regulations. The county treasurer shall record the tax delinquency list in the office of the county clerk. There shall be no recording fee for recordation of the tax delinquency list. The updated final property tax sale list shall be recorded with the office of the county clerk the day following the sale of the property. There shall be no recording fee for recordation of the final property tax sale list.

          B. The county treasurer shall make a notation on the property tax schedule indicating that the account has been transferred to the department for collection at the time the tax delinquency list is mailed to the department."

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