NMSA 1978, § 7-38-15 — 7-38-15

Information on real property sold, purchased, contracted to
be sold or purchased, or exchanged by governmental bodies to be
sent to or obtained by the department; department to compile and
send information to county assessors.

# A.

By the twentieth day of each month, the department shall obtain from appropriate
agencies of the United States the following information relating to real property
transactions occurring during the preceding month:
(1) a list by legal description of each parcel of real property in the state that
was sold, purchased, contracted to be sold or purchased, or exchanged by agencies of
the United States government; and
(2) the names and addresses of each of the transferors and transferees of the
property required to be listed under Paragraph (1) of this subsection.

# B.

By the twentieth day of each month, each state agency and the governing body
of each of the state's political subdivisions shall report to the department the following
information relating to real property transactions occurring during the preceding month:
(1) a list by legal description of each parcel of real property in the state that
was sold, purchased, contracted to be sold or purchased, or exchanged by the state
agency or the political subdivisions; and
(2) the names and addresses of each of the transferors and transferees of the
property listed under Paragraph (1) of this subsection.

# C.

The information gathered by the department on real property that is subject to
local valuation for property taxation purposes shall be compiled and sent immediately to
the county assessors of the counties in which the reported property is located. The
county assessor receiving the information shall enter any required changes in the
valuation or other records and shall also take any action that is required under the
Property Tax Code as a result of the receipt of the information.

# D.

The information gathered by the department on real property that is subject to
valuation for property taxation purposes by the department shall be compiled and
retained by the department. The department shall enter any required changes in its
valuation or other records and shall also take any action that is required under the
Property Tax Code as a result of the receipt of the information.