NMSA 1978, § 7-38-38 — 7-38-38

Payment of property taxes; installment due dates; refund
in cases of overpayments; rounding.

# A.

Unless otherwise provided in the Property Tax Code [Chapter 7, Article 1 NMSA
1978], property taxes in the amount of ten dollars ($10.00) or over are payable to the
county treasurer in two equal installments due on November 10 of the year in which the
tax bill was prepared and mailed and on April 10 of the following year. A board of
county commissioners may, by ordinance, provide that property taxes under ten dollars
($10.00) are due and payable in a single payment on November 10 of the year in which
the tax bill was prepared and mailed. No demand for payment of property taxes is
necessary.

# B.

If a taxpayer remits an amount in payment of the taxpayer's property taxes that
exceeds the total property tax liability shown on the property tax bill, together with any
applicable penalty and interest computed to the date payment is received by the county
treasurer, a refund of the amount in excess shall be made to the taxpayer if either of the
following conditions are met:
(1) a written request for the refund is made by the taxpayer and received by
the county treasurer within sixty days of the date the excess payment is received by the
county treasurer; or
(2) the county treasurer on the county treasurer's own initiative determines by
June 30 of the year following the year for which taxes are imposed that an excess
payment has been made.

# C.

The secretary may by rule permit or require rounding to the nearest five cents
($.05) of any amount due pursuant to the Property Tax Code [Chapter 7, Article 1
NMSA 1978].