Property Tax

The Property Tax Division (PTD) helps local governments in the administration and collection of ad valorem taxes in the State of New Mexico. Property taxes contribute a large portion of revenue to New Mexico’s local governments and schools annually.

Three bureaus make up PTD: Appraisal Bureau, State Assessed Property Bureau and Delinquent Property Tax Bureau. Our main responsibilities are to:

  • assure that the county assessors implement and comply with applicable statutes, rules and regulations;
  • establish evaluation criteria and procedures to monitor each assessor’s performance;
  • appraise and review estimates of real property values in transactions for counties, schools, municipalities and other state agencies;
  • appraise and issue notices of valuation for state-assessed properties, and
  • collect delinquent real property taxes, penalties, interest and costs by working with delinquent taxpayers through installment agreements and ultimately listing properties for public auction sales.

We also promote equity and uniformity in assessments through education and training.

Visit the other PTD pages on this website to find out specifically what our bureaus do.

Property Tax Forms and Documents