New Mexico

In New Mexico, a property tax default occurs when a taxpayer fails to pay their property taxes on time. According to the New Mexico Statutes Annotated, Chapter 7, Article 7, Section 7-38-26, “If any real property tax remains unpaid for a period of 3 months after it becomes due, the county treasurer shall give notice of the sale of the property for the taxes due.” If the taxes remain unpaid for 6 months after the notice of sale, the county treasurer may sell the property at a public sale.

Check the local government’s official web site at web site for further details.

New Mexico
New Mexico

Tax Sale Type: Tax Deed

Redemption Rate: Around 20%

Redemption Period: 3 years from delinquency

Interest Rate: 10%

Tax Sale Statute: N.M. Stat. Ann. §§ 7-38-1 to -70

Other Key Factors:

  • Deed conveys property free of claims
  • Notice provided after sale
  • Surplus paid to former owner

New Mexico’s Diverse and Dynamic Counties

Dig into New Mexico’s 33 distinctive counties and you’ll uncover awesome investment opportunities as unique as green chili sauce.

Home to 1.2 million New Mexicans, the Land of Enchantment spans 121,000 square miles. So counties here come in all shapes and sizes. Like massive San Juan County, which could swallow Rhode Island with room left for dessert. Or tiny Harding County, tinier than some LA zip codes.

Each county also brings its own culture. In artsy Santa Fe County, adobe architecture and world-class galleries rule. While in alien-loving Roswell’s Chaves County, UFO kitsch is king.

As an investor, these communities’ diversity works for you. From Albuquerque’s manufacturing infrastructure to Las Cruces’s university nexus, the economic drivers differ. So as some counties zag, others may zig. Balancing the portfolio.

And with such variety comes range. Maybe you want to rehab historic Santa Fe barrios. Or build vacation rentals near Elephant Butte Lake. Perhaps there’s a market for modern condos among Rio Rancho’s booming population. The opportunities exist if you scout them out.

So set your sights on New Mexico’s one-of-a-kind counties. You’re sure to discover investment prospects as colorful as the Land of Enchantment itself.

County
Bernalillo
Catron
Chaves
Cibola
Colfax
Curry
De Baca
Dona Ana
Eddy
Grant
Guadalupe
Hardeman
Hidalgo
Lea
Lincoln
Los Alamos
Luna
McKinley
Otero
Quay
Rio Arriba
Roosevelt
Sandoval
San Juan
San Miguel
Santa Fe
Sierra
Socorro
Taos
Torrance
Union
Valencia
New Mexico