Partnertax.ai
Start free trial →

NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-38-50

Delinquent taxes; civil penalties

Official textnmonesource.comlast amended

# 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.

Amendment history

1953 Comp., § 72-31-50, enacted by Laws 1973, ch. 258, § 90; 1975, ch. 20, § 1; 1976, ch. 14, § 1; 1982, ch. 28, § 19.

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

Report a problem

What's wrong?

Sent anonymously with this page's citation. No personal information is collected.
In this article (40 sections)
  1. 7-38-36 · Preparation and mailing of property tax bills
  2. 7-38-36.1 · 7-38-36.1
  3. 7-38-36.2 · 7-38-36.2
  4. 7-38-37 · Contents of property tax bill
  5. 7-38-38 · 7-38-38
  6. 7-38-38.1 · 7-38-38.1
  7. 7-38-38.2 · 7-38-38.2
  8. 7-38-38.3 · 7-38-38.3
  9. 7-38-39 · Protesting values; claim for refund
  10. 7-38-40 · Claims for refund; civil action
  11. 7-38-41 · Protested property taxes; suspense fund; refunds; interest
  12. 7-38-42 · 7-38-42
  13. 7-38-43 · 7-38-43
  14. 7-38-44 · 7-38-44
  15. 7-38-44.1 · 7-38-44.1
  16. 7-38-45 · 7-38-45
  17. 7-38-46 · Delinquent property taxes
  18. 7-38-47 · 7-38-47
  19. 7-38-48 · 7-38-48
  20. 7-38-49 · Unpaid property taxes; imposition of interest
  21. 7-38-50 · Delinquent taxes; civil penalties
  22. 7-38-51 · 7-38-51
  23. 7-38-52 · 7-38-52
  24. 7-38-53 · 7-38-53
  25. 7-38-54 · Demand warrant; contents
  26. 7-38-55 · Surrender of personal property; penalty for refusal
  27. 7-38-56 · Release of personal property seized
  28. 7-38-57 · Notice of sale of personal property
  29. 7-38-58 · Personal property sale requirements
  30. 7-38-59 · Certificates of sale; effect of certificates of sale
  31. 7-38-60 · Notification to property owner of delinquent taxes
  32. 7-38-61 · 7-38-61
  33. 7-38-62 · 7-38-62
  34. 7-38-63 · 7-38-63
  35. 7-38-64 · Repealed
  36. 7-38-65 · 7-38-65
  37. 7-38-66 · Sale of real property for delinquent taxes; notice of sale
  38. 7-38-67 · Real property sale requirements
  39. 7-38-67.1 · 7-38-67.1
  40. 7-38-68 · Installment agreements
Full table of contents →