us-nm/stat
NMSA 1978, § 7-38-50 — Delinquent taxes; civil penalties
A.
If property taxes become delinquent, a penalty of one percent of the delinquent
taxes for each month or any portion of a month they remain unpaid shall be imposed,
but the total penalty shall not exceed five percent of the delinquent taxes except that,
when the penalty determined under the foregoing provisions of this subsection is less
than five dollars ($5.00), the penalty to be imposed shall be five dollars ($5.00). A
county may suspend for a particular tax year application of the minimum penalty
requirements of this subsection by resolution of its county commissioners adopted not
later than September 1 of that tax year. A copy of any such resolution shall be
forwarded to the county treasurer.
B.
If property taxes become delinquent because of an intent to defraud by the
property owner, fifty percent of the property taxes due or fifty dollars ($50.00),
whichever is greater, shall be added as a penalty.
Source: official text