Tax Lien Certificates and Tax Deed Sales in New Mexico NM


There are 33 Counties in New Mexico. It became the 47th state on January 6, 1912. The state motto is "It Grows as it Goes".

Currently, New Mexico does not offer New Mexico tax lien certificates, instead it offers New Mexico Tax Deeds.

Summary: By July 1 of each year, the county treasurer shall prepare a tax delinquency list of all real property for which taxes have been delinquent for more than two years. (Sec. 7-38-61). After the receipt of the tax delinquency list, the department has the responsibility and exclusive authority to take all action necessary to collect delinquent taxes shown on the list. (Sec. 7-38-62). Real property may then be sold for delinquent taxes after the expiration of three years from the first date shown on the tax delinquency list on which the taxes on the real property became delinquent. (Sec. 7-38-65, Sec. 7-38-67).

Law: New Mexico Statutes, Chapter 7, Article 38, "Administration and Enforcement of Property Taxes."

Tax Sale List: Use New Mexico Tax Sale Lists to search for New Mexico tax lien certificates to buy or bid on. Generally most New Mexico tax sale lists will identify the property owner, parcel number, legal description and the amount due. In some cases, the tax sale list may include the tax collectors assessed value of the property.

Contact: New Mexico Taxation and Revenue Department, Property Tax Division; County Treasurers, County Tax Collector

Interest Rate: Not applicable, because there is no statutory right to redeem once the property has been sold

Auction Type: Tax Deeds. Upon receiving payment for real property sold for delinquent taxes, the division shall execute and deliver a deed to the purchaser. (Sec. 7-38-70a).

Bidding Procedure: The property is sold to the highest bidder who offers at least the minimum price set by the Department (Sec. 7-38-67). The minimum price must not be less than the total of all delinquent taxes, penalties, interests, and costs.

Costs: Payment of delinquent taxes listed and any penalty, interest or costs due in connection with those taxes shall be made to the department if occurring after the receipt by the department of the tax delinquency list (Sec. 7-38-62). The notice of sale will specify the costs that are due (Sec. 7-38-66).

Redemption Period: In order to redeem the property owner must pay all delinquent taxes, penalties, interest and costs by 5:00 p.m. of the day prior to the date of the sale; or an installment agreement for payment of all delinquent taxes, penalties, interest and costs due is entered into with the department by 5:00 p.m. of the day prior to the date of sale (Sec. 7-38-66). There is no statutory right of redemption once the sale has occurred.

Foreclosure: Upon receiving payment for real property sold for delinquent taxes, the division shall execute and deliver a deed to the purchaser. (Sec. 7-38-70).

Notes: Upon review of New Mexico Law, the real estate tax lien does not have priority over other encumbrances/liens. Therefore, use caution as you select properties to bid on (Sec. 7-1-49).

 

Counties:


County:  Auction Type:  Bidding Type:  Population: 
Bernalillo  Tax Deed  Bid up 556,678
Catron  Tax Deed  Bid up 3,543
Chaves  Tax Deed  Bid up 61,382
Cibola  Tax Deed  Bid up 25,595
Colfax  Tax Deed  Bid up 14,189
Curry  Tax Deed  Bid up 45,044
De Baca  Tax Deed  Bid up 2,240
Dona Ana  Tax Deed  Bid up 174,682
Eddy  Tax Deed  Bid up 51,658
Grant  Tax Deed  Bid up 31,002
Guadalupe  Tax Deed  Bid up 4,680
Harding  Tax Deed  Bid up 810
Hidalgo  Tax Deed  Bid up 5,932
Lea  Tax Deed  Bid up 55,511
Lincoln  Tax Deed  Bid up 19,411
Los Alamos  Tax Deed  Bid up 18,343
Luna  Tax Deed  Bid up 25,016
McKinley  Tax Deed  Bid up 74,798
Mora  Tax Deed  Bid up 5,180
Otero  Tax Deed  Bid up 62,298
Quay  Tax Deed  Bid up 10,155
Rio Arriba  Tax Deed  Bid up 41,190
Roosevelt  Tax Deed  Bid up 18,018
San Juan  Tax Deed  Bid up 113,801
San Miguel  Tax Deed  Bid up 30,126
Sandoval  Tax Deed  Bid up 89,908
Santa Fe  Tax Deed  Bid up 129,292
Sierra  Tax Deed  Bid up 13,270
Socorro  Tax Deed  Bid up 18,078
Taos  Tax Deed  Bid up 29,979
Torrance  Tax Deed  Bid up 16,911
Union  Tax Deed  Bid up 4,174
Valencia  Tax Deed  Bid up 66,152

To report any updates, deletions or additions to the county list, please click here.

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