NMSA 1978, § 7-38-38.3 — 7-38-38.3

Optional prepayment of property taxes in monthly
payments.
A board of county commissioners may by resolution provide property owners the
option of making prepayments of property taxes in ten monthly payments beginning
June 1 of the year in which the tax bill is prepared and ending March 1 of the following
year. The first nine monthly payments shall each be in an amount equal to ten percent
of the prior year's property tax bill and the final payment on March 1 shall be in an
amount equal to the balance of the tax due, as indicated on the tax bill prepared and
mailed pursuant to Sections 7-38-36 and 7-38-37 NMSA 1978; provided that an option
otherwise allowed pursuant to this section may not be exercised if taxes are escrowed
for the property owner and included in the property owner's monthly mortgage payment.