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NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-38-76

7-38-76

Official textnmonesource.comlast amended

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.

Amendment history

1953 Comp., § 72-31-76, enacted by Laws 1973, ch. 258, § 116; 1974, ch. 92, § 26; 2003, ch. 95, § 5.

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

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In this article (40 sections)
  1. 7-38-57 · Notice of sale of personal property
  2. 7-38-58 · Personal property sale requirements
  3. 7-38-59 · Certificates of sale; effect of certificates of sale
  4. 7-38-60 · Notification to property owner of delinquent taxes
  5. 7-38-61 · 7-38-61
  6. 7-38-62 · 7-38-62
  7. 7-38-63 · 7-38-63
  8. 7-38-64 · Repealed
  9. 7-38-65 · 7-38-65
  10. 7-38-66 · Sale of real property for delinquent taxes; notice of sale
  11. 7-38-67 · Real property sale requirements
  12. 7-38-67.1 · 7-38-67.1
  13. 7-38-68 · Installment agreements
  14. 7-38-69 · 7-38-69
  15. 7-38-70 · 7-38-70
  16. 7-38-71 · Distribution of amounts received from sale of property
  17. 7-38-72 · 7-38-72
  18. 7-38-73 · 7-38-73
  19. 7-38-74 · 7-38-74
  20. 7-38-75 · Exception to property tax due date
  21. 7-38-76 · 7-38-76
  22. 7-38-77 · 7-38-77
  23. 7-38-77.1 · 7-38-77.1
  24. 7-38-78 · 7-38-78
  25. 7-38-79 · 7-38-79
  26. 7-38-80 · 7-38-80
  27. 7-38-81 · 7-38-81
  28. 7-38-81.1 · 7-38-81.1
  29. 7-38-82 · 7-38-82
  30. 7-38-83 · Timeliness
  31. 7-38-84 · Notices; mailing
  32. 7-38-85 · Extension of deadlines; general provision
  33. 7-38-86 · Extension of deadlines at request of property owners
  34. 7-38-87 · 7-38-87
  35. 7-38-88 · Repealed
  36. 7-38-89 · Validity of certain regulations; judicial review
  37. 7-38-90 · Repealed
  38. 7-38-91 · Repealed
  39. 7-38-92 · Attempts to evade or defeat the property tax
  40. 7-38-93 · 7-38-93
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