{"id":1471,"date":"2020-10-21T16:26:56","date_gmt":"2020-10-21T22:26:56","guid":{"rendered":"https:\/\/www.tax.newmexico.gov\/businesses\/?p=1471"},"modified":"2026-04-11T13:12:50","modified_gmt":"2026-04-11T19:12:50","slug":"property-tax","status":"publish","type":"post","link":"https:\/\/www.tax.newmexico.gov\/businesses\/2020\/10\/21\/property-tax\/","title":{"rendered":"Property Tax"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]<\/p>\n<p>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\u2019s local governments and schools annually.<\/p>\n<p>Three bureaus make up PTD: Appraisal Bureau, State Assessed Property Bureau and Delinquent Property Tax Bureau. Our main responsibilities are to:<\/p>\n<ul>\n<li>assure that the county assessors implement and comply with applicable statutes, rules and regulations;<\/li>\n<li>establish evaluation criteria and procedures to monitor each assessor&#8217;s performance;<\/li>\n<li>appraise and review estimates of real property values in transactions for counties, schools, municipalities and other state agencies;<\/li>\n<li>appraise and issue notices of valuation for state-assessed properties, and<\/li>\n<li>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.<\/li>\n<\/ul>\n<p>We also promote equity and uniformity in assessments through education and training.<\/p>\n<p>Visit the other PTD pages on this website to find out specifically what our bureaus do.<\/p>\n<h3>Property Tax Forms and Documents<\/h3>\n<p>[\/et_pb_text][et_pb_code _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]<\/p>\n<div class=\"rf-table\" data-public=1 data-account-guid=\"34821a9573ca43e7b06dfad20f5183fd\" data-folder-id=\"7050a807-0f3f-4727-9327-a5ea626f1f64\"><\/div>\n<p>[\/et_pb_code][et_pb_text _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<p><strong><a href=\"\/businesses\/other-all-nm-taxes\/\">back to list<\/a><\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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\u2019s local governments and schools annually. Three bureaus make up PTD: Appraisal Bureau, State Assessed Property Bureau and Delinquent Property Tax Bureau. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"960","footnotes":""},"categories":[23],"tags":[],"class_list":["post-1471","post","type-post","status-publish","format-standard","hentry","category-all-nm-taxes"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Property Tax : Businesses<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tax.newmexico.gov\/businesses\/2020\/10\/21\/property-tax\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Property Tax : Businesses\" \/>\n<meta property=\"og:description\" content=\"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\u2019s local governments and schools annually. Three bureaus make up PTD: Appraisal Bureau, State Assessed Property Bureau and Delinquent Property Tax Bureau. 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