NMSA 1978, § 7-38-81.1 — 7-38-81.1

Limitation on actions for collection of any levy or
assessment in the form of property taxes; presumption of payment
after ten years.

# A.

Property may not be sold and proceedings may not be initiated for the collection
of any levy or assessment in the form of property taxes levied or assessed under the
provisions of Sections 73-14-1 through 73-18-43 NMSA 1978 that have been delinquent
for more than ten years.

# B.

Property that has not been included on a property tax schedule or a levy or
assessment schedule may not be subjected to the imposition of any levy or assessment
in the form of property taxes levied or assessed under the provisions of Sections 73-14-
1 through 73-18-43 NMSA 1978 for more than ten tax years immediately preceding the
date of its entry on the property tax schedule or levy or assessment schedule.

# C.

Any levy or assessment in the form of property taxes levied or assessed under
the provisions of Sections 73-14-1 through 73-18-43 NMSA 1978 that has been
delinquent for more than ten years, together with any penalties and interest, is
presumed to have been paid. The county treasurer or appropriate conservancy district
officer shall indicate on the property tax schedule or levy or assessment schedule that
all such levies or assessments in the form of property taxes and any penalties and
interest have been "presumed paid by act of the legislature".

# D.

The county treasurer may correct the tax schedule so that it no longer contains
personal property that is deemed to be unlocatable, unidentifiable or uncollectable, after
thorough research with verification by the county assessor or appraiser, with notification
to the department and the county clerk.