Delinquent Property Tax Delinquent property tax auctions are held at the county seat (courthouse) or at a place the Taxation and Revenue Department (TRD) designates in the county where the property is located. The Property Tax Division (PTD) strongly urges all...
There is no set schedule for public auctions. They occur in each county as title research is completed, all other collection efforts are exhausted and as PTD moves forward in placing property back on the tax rolls. PTD does not hold sales in all 33 counties each year.
Delinquent Property Tax Upon completion of all preliminary statutory requirements to properly offer delinquent property for sale, a list of eligible properties is available at PTD in the Wendell Chino Bldg, 1220 St. Francis Dr., 2nd Floor, Rm. 207, Santa Fe, NM 87505....
PTD does not mail sale lists.
The minimum bid is based on the total of taxes, penalty, interest and costs due. The owner’s interest in the real property is also taken into consideration.
Individuals who wish to bid on property register on the day of the sale two hours before the start of the auction. Registration closes promptly at the start of the sale. Bidding is on an oral basis with the property going to the highest bidder. Bidders must be...
PTD does not furnish title information, maps or suggestions about the locations of properties being sold. The responsibility to inspect the property and review the chain of title belongs to the buyer prior to the sale. Buyers should know exactly what they are buying...
Delinquent Property Tax A sale properly made under Section 7-38-67 NMSA 1978 Link to: http://www.conwaygreene.com/nmsu/lpext.dll?f=templates&fn=main-h.htm&2.0 constitutes full payment of all delinquent taxes, penalties and interest considered as a lien against the...
offer a two-year limitation for the former owner to challenge the sale under Section 7-38-70 NMSA 1978 Link to: http://www.conwaygreene.com/nmsu/lpext.dll?f=templates&fn=main-h.htm&2.0. The only redemption period in New Mexico is a 120-day federal IRS redemption. The...
All payments at public auctions must be in the form of a cashier's check, money order, personal check or company check. A letter of guarantee from the issuing bank must accompany personal and company checks at the time of registration. Letters of guarantee must state...