New Mexico Administrative Code
Title 3 - TAXATION
Chapter 6 - PROPERTY TAXES
Part 50 - PROCEDURES FOR COUNTY TREASURERS
Section 3.6.50.18 - INSTALLMENT AGREEMENTS OR SALE OF PROPERTY
Universal Citation: 3 NM Admin Code 3.6.50.18
Current through Register Vol. 35, No. 18, September 24, 2024
A. When the property tax division collects delinquent taxes in total from the taxpayer under installment agreements or sale of property, the money, excluding interest, penalties and costs, will be remitted to the treasurer. When the money is received by the treasurer, the tax bill will be validated as paid. The distribution will be accomplished by the treasurer as the normal distribution of delinquent taxes.
B. Upon receipt of the money from the property tax division, the treasurer shall:
(1) validate the tax bill as paid in the
manner prescribed in Section
7-38-63
NMSA 1978;
(2) make a notation of
the payment of delinquent property taxes, penalties and interest on the
property tax schedule; and
(3)
distribute the amount of property taxes to the appropriate governmental units
at the time of normal monthly distributions.
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