1. All NM Taxes
  2. Frequently Asked Questions
  3. Is property bought at a delinquent tax sale assessed and taxed on the amount of purchase?

Is property bought at a delinquent tax sale assessed and taxed on the amount of purchase?

Any bidder who does not pay once the auction closes may not participate in any future property tax sales. In addition, the bidder is responsible for all costs, expenses, and attorney fees expended in the collection of uncollected bids.