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NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-38-49

Unpaid property taxes; imposition of interest

Official textnmonesource.comlast amended

If property taxes are not paid for any reason within thirty days after the date they are due, interest on the unpaid taxes shall accrue from the thirtieth day after they are due until the date they are paid. Interest shall accrue at the rate of one percent a month or any fraction of a month. Interest shall accrue whether or not protests have been resolved. However, in the case of a timely protest, interest payable shall be computed on a principal amount equal to the unpaid taxes finally determined to be due upon resolution of the protest. Interest shall not be imposed on interest or on any penalty.

Amendment history

1953 Comp., § 72-31-49, enacted by Laws 1973, ch. 258, § 89.

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

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In this article (40 sections)
  1. 7-38-35 · Preparation of property tax schedule by assessor
  2. 7-38-36 · Preparation and mailing of property tax bills
  3. 7-38-36.1 · 7-38-36.1
  4. 7-38-36.2 · 7-38-36.2
  5. 7-38-37 · Contents of property tax bill
  6. 7-38-38 · 7-38-38
  7. 7-38-38.1 · 7-38-38.1
  8. 7-38-38.2 · 7-38-38.2
  9. 7-38-38.3 · 7-38-38.3
  10. 7-38-39 · Protesting values; claim for refund
  11. 7-38-40 · Claims for refund; civil action
  12. 7-38-41 · Protested property taxes; suspense fund; refunds; interest
  13. 7-38-42 · 7-38-42
  14. 7-38-43 · 7-38-43
  15. 7-38-44 · 7-38-44
  16. 7-38-44.1 · 7-38-44.1
  17. 7-38-45 · 7-38-45
  18. 7-38-46 · Delinquent property taxes
  19. 7-38-47 · 7-38-47
  20. 7-38-48 · 7-38-48
  21. 7-38-49 · Unpaid property taxes; imposition of interest
  22. 7-38-50 · Delinquent taxes; civil penalties
  23. 7-38-51 · 7-38-51
  24. 7-38-52 · 7-38-52
  25. 7-38-53 · 7-38-53
  26. 7-38-54 · Demand warrant; contents
  27. 7-38-55 · Surrender of personal property; penalty for refusal
  28. 7-38-56 · Release of personal property seized
  29. 7-38-57 · Notice of sale of personal property
  30. 7-38-58 · Personal property sale requirements
  31. 7-38-59 · Certificates of sale; effect of certificates of sale
  32. 7-38-60 · Notification to property owner of delinquent taxes
  33. 7-38-61 · 7-38-61
  34. 7-38-62 · 7-38-62
  35. 7-38-63 · 7-38-63
  36. 7-38-64 · Repealed
  37. 7-38-65 · 7-38-65
  38. 7-38-66 · Sale of real property for delinquent taxes; notice of sale
  39. 7-38-67 · Real property sale requirements
  40. 7-38-67.1 · 7-38-67.1
Full table of contents →