The auctions are intended to collect delinquent property taxes when taxes have been delinquent for at least three years. The state notifies delinquent taxpayers about the taxes due and planned sales of property.
Source: N.M. Taxation & Revenue
SANTA FE ─ The Taxation and Revenue Department will hold a live delinquent property tax auction in San Miguel County in November, allowing in-person attendees to submit bids for the properties.
The auctions are intended to collect delinquent property taxes when taxes have been delinquent for at least three years. The state notifies delinquent taxpayers about the taxes due and planned sales of property. If the state is unable to collect the delinquent taxes, the subject properties are auctioned for sale.
Receive the latest stories in your inbox every day — FREE!
Following the auction, the state collects all taxes due and sends any excess revenue to the former property owner.
An auction has been scheduled in:
- San Miguel County, 10 a.m., Nov. 19, San Miguel County Chambers – 500 W. National St., Las Vegas, N.M. 87701
Successful bidders are required to make payment in full prior to the conclusion of the auction by money order, certified check, cashier’s check or a personal or business check if accompanied by a bank letter of credit that guarantees payment in at least the amount bid.
More information, including terms of the auction sales, announcement of future auctions and frequently asked questions, is available on the Delinquent Property Tax Auctions page, at tax.newmexico.gov under Business, then under Property Tax. If you need assistance or have questions, call 505-827-0883.
Attendees can also research properties ahead of time at the local County Clerk, Treasurer and Assessor’s Offices.
Registration begins in person at 8 a.m. on the day of the auction and ends promptly at auction time. Bidders must be registered to participate.
If all accounts are paid in full in advance of the auction, the auction will be canceled.
You must be logged in to post a comment.