Property Tax Liens In New Mexico

Property Tax Liens In New Mexico

The State of New Mexico, including all counties, does not conduct tax deed, tax certificate and tax lien sales.

The only property sales conducted by the State are public auctions due to three year or more delinquent property taxes.

The State Taxation & Revenue Department, Property Tax Division conducts all auctions in the County in which the properties are located.

However, New Mexico is a deed state.

In New Mexico tax liens do not have priority over other liens, so if you purchase a deed at a New Mexico tax sale, you will have to pay off other liens including mortgages.

In New Mexico, the sales of delinquent tax properties are handled by the state’s taxation and revenue department, property tax division, delinquent property tax bureau. The sales are conducted in the county in which the properties are located. Sale information, along with the list of properties in the sale, can be found on the delinquent property tax bureau’s web page,

Property Tax Liens In New MexicoThe minimum bid is set based on the amount of taxes, penalty, interest and costs due.

The owner’s interest in the real property is also taken into consideration. You or your agent must be present in order to bid. If an agent is representing you, the agent must present documentation proving that he/she has the authority to represent you.

Though there is no redemption period. But former owners may challenge the validity of the sale for up to 2 years from the date of the sale.

Payment can be made by cashier’s check, money order, personal check or company check.

Checks must be accompanied by a letter of credit from the issuing bank. This must be presented at the time of registration.

Personal and/or company checks will not be accepted without a proper letter of credit.

Time is allowed after the sale to secure funds. Successful bidders will be issued a quitclaim deed. The state of New Mexico warrants no title to property.

If purchased at public auction the deed issued by the state can be used for the basis for quieting title.