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NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-38-38

7-38-38

Official textnmonesource.comlast amended

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].

Amendment history

1953 Comp., § 72-31-38, enacted by Laws 1973, ch. 258, § 78; 1975, ch. 121, § 1; 1977, ch. 77, § 1; 1982, ch. 28, § 16; 1983, ch. 216, § 1; 1987, ch. 166, § 2; 2026, ch. 31, § 14.

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

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In this article (40 sections)
  1. 7-38-21.1 · Protests; state-assessed property; election of remedies
  2. 7-38-22 · 7-38-22
  3. 7-38-23 · 7-38-23
  4. 7-38-24 · 7-38-24
  5. 7-38-25 · 7-38-25
  6. 7-38-26 · Scheduling of protest hearings
  7. 7-38-27 · 7-38-27
  8. 7-38-28 · 7-38-28
  9. 7-38-28.1 · 7-38-28.1
  10. 7-38-29 · Retention of hearing records
  11. 7-38-30 · 7-38-30
  12. 7-38-31 · 7-38-31
  13. 7-38-32 · 7-38-32
  14. 7-38-33 · Department of finance and administration to set tax rates
  15. 7-38-34 · 7-38-34
  16. 7-38-35 · Preparation of property tax schedule by assessor
  17. 7-38-36 · Preparation and mailing of property tax bills
  18. 7-38-36.1 · 7-38-36.1
  19. 7-38-36.2 · 7-38-36.2
  20. 7-38-37 · Contents of property tax bill
  21. 7-38-38 · 7-38-38
  22. 7-38-38.1 · 7-38-38.1
  23. 7-38-38.2 · 7-38-38.2
  24. 7-38-38.3 · 7-38-38.3
  25. 7-38-39 · Protesting values; claim for refund
  26. 7-38-40 · Claims for refund; civil action
  27. 7-38-41 · Protested property taxes; suspense fund; refunds; interest
  28. 7-38-42 · 7-38-42
  29. 7-38-43 · 7-38-43
  30. 7-38-44 · 7-38-44
  31. 7-38-44.1 · 7-38-44.1
  32. 7-38-45 · 7-38-45
  33. 7-38-46 · Delinquent property taxes
  34. 7-38-47 · 7-38-47
  35. 7-38-48 · 7-38-48
  36. 7-38-49 · Unpaid property taxes; imposition of interest
  37. 7-38-50 · Delinquent taxes; civil penalties
  38. 7-38-51 · 7-38-51
  39. 7-38-52 · 7-38-52
  40. 7-38-53 · 7-38-53
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