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NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-1-46

Minimum prices

Official textnmonesource.comlast amended

Before the sale, the secretary or the secretary's delegate shall determine a minimum price for which the property shall be sold, and if no person offers for the property at the sale the amount of the minimum price, the property shall not be sold but the sale shall be readvertised and held at a later time. In determining the minimum price, the secretary or the secretary's delegate shall take into account and determine the expense of making the levy and sale.

Amendment history

1953 Comp., § 72-13-60, enacted by Laws 1965, ch. 248, § 48; 1979, ch. 144, § 41; 2001, ch. 56, § 9.

Source: official source (NMSA chapter on nmonesource.com)

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In this article (40 sections)
  1. 7-1-28 · Authority for abatements of assessments of tax
  2. 7-1-29 · Authority to make refunds, credits or rebates
  3. 7-1-29.1 · Awarding of costs and fees
  4. 7-1-29.2 · Credit claims
  5. 7-1-30 · Collection of penalties and interest
  6. 7-1-31 · Seizure of property by levy for collection of taxes
  7. 7-1-32 · Contents of warrant of levy
  8. 7-1-33 · Successive seizures
  9. 7-1-34 · Surrender of property subject to levy; penalty
  10. 7-1-35 · Stay of levy
  11. 7-1-36 · Property exempt from levy
  12. 7-1-37 · Assessment as lien
  13. 7-1-38 · Notice of lien
  14. 7-1-39 · 7-1-39
  15. 7-1-40 · Foreclosure of lien
  16. 7-1-41 · Notice of seizure
  17. 7-1-42 · Notice of sale
  18. 7-1-43 · Sale of indivisible property
  19. 7-1-44 · Requirements of sale
  20. 7-1-45 · Manner of sale or conversion to money
  21. 7-1-46 · Minimum prices
  22. 7-1-47 · Redemption before sale
  23. 7-1-48 · Documents of title
  24. 7-1-49 · Legal effect of certificate of sale
  25. 7-1-50 · Legal effect of deed to real property
  26. 7-1-51 · Proceeds of levy and sale
  27. 7-1-52 · Release of levy
  28. 7-1-53 · Enjoining delinquent taxpayer from continuing in business
  29. 7-1-54 · Security for payment of tax
  30. 7-1-55 · Contractor's bond for gross receipts; tax; penalty
  31. 7-1-56 · Sale of or proceedings against security
  32. 7-1-57 · Surety bonds
  33. 7-1-58 · Permanence of tax debt; civil actions to collect tax
  34. 7-1-59 · Jeopardy assessments
  35. 7-1-60 · Estoppel against state
  36. 7-1-61 · Duty of successor in business
  37. 7-1-62 · Duty of secretary; release of successor
  38. 7-1-63 · Assessment of tax due; application of payment
  39. 7-1-64 · Repealed
  40. 7-1-65 · Reciprocal enforcement of tax judgments
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