NMSA 1978, § 7-38-76 — 7-38-76

Property subject to property taxation but omitted from
property tax schedules in prior years.

# A.

Subject to the limitations contained in the Property Tax Code and except as
provided in Subsection B of this section, county assessors, treasurers and the
department have the authority and the duty to enter in the valuation records, list on the
property tax schedules, bill for and collect the taxes for all tax years on property that
was subject to property taxation but was omitted from property tax schedules and for
which taxes have not been paid but would be due except for the omission. Property tax
bills shall be prepared and mailed by the county treasurers within thirty days of the date
the omitted property is listed on the property tax schedule, and all taxes on omitted
property shall be due the date the property tax bill is mailed.

# B.

Except for taxes due in the current tax year and the immediately preceding tax
year, the current owner of the real estate is not liable for a property tax bill mailed
pursuant to Subsection A of this section if:
(1) the omitted property is improvements that were placed on the real estate;
and
(2) the current owner was not the owner at the time the improvements were
omitted and had no actual notice that the improvements were omitted.

# C.

Nothing in this section relieves the owner of the property at the time the
improvements were omitted from being personally liable for the taxes due pursuant to
Section 7-38-47 NMSA 1978.

# D.

The department shall promulgate regulations for the procedures to be followed
and the records to be maintained in the administration and collection of taxes on omitted
property. The department of finance and administration shall promulgate regulations
covering the receipt of, accounting for and distribution of taxes on omitted property.