0001|                               AN ACT
    |
0002| RELATING TO PROPERTY TAX; ALLOWING COUNTIES TO RETAIN RESPONSIBILITY
    |
0003| FOR COLLECTION OF DELINQUENT PERSONAL PROPERTY TAXES; REQUIRING
    |
0004| RECORDATION OF TAX DELINQUENCY LIST FOR REAL PROPERTY.
    |
0005| 
    |
0006| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
    |
0007|      Section 1.  Section 7-38-60 NMSA 1978 (being Laws 1973, Chapter
    |
0008| 258, Section 101, as amended) is amended to read:
    |
0009|       "7-38-60.  NOTIFICATION TO PROPERTY OWNER OF DELINQUENT TAXES.--
    |
0010| By June 10 of each year, the county treasurer shall mail a notice to
    |
0011| each property owner of property for which taxes have been delinquent
    |
0012| for more than two years.  The notice shall be in a form and contain
    |
0013| the information prescribed by department regulations and shall include
    |
0014| the following:
    |
0015|           A.  a description of the property upon which the taxes are
    |
0016| due;
    |
0017|           B.  a statement of the amount of property taxes due, the
    |
0018| date on which they became delinquent, the rate of accrual of interest
    |
0019| and any penalties or costs that may be charged;
    |
0020|           C.  a statement that the delinquent tax account on real
    |
0021| property will be transferred to the department for collection;
    |
0022|           D.  a statement that if taxes due on real property are not
    |
0023| paid within three years from the date of delinquency, the real
    |
0024| property will be sold and a deed issued; and
    |
0025|           E.  a statement that if taxes due on personal property are
    |
0001| not paid, the personal property may be seized and sold for taxes under
    |
0002| authority of a demand warrant."
    |
0003|      Section 2.  Section 7-38-61 NMSA 1978 (being Laws 1973, Chapter
    |
0004| 258, Section 100, as amended) is amended to read:
    |
0005|      "7-38-61.  REAL PROPERTY TAXES DELINQUENT FOR MORE THAN TWO
    |
0006| YEARS--TREASURER TO PREPARE DELINQUENCY LIST--NOTATION ON PROPERTY TAX
    |
0007| SCHEDULE.--
    |
0008|           A.  By July 1 of each year, the county treasurer shall
    |
0009| prepare a property tax delinquency list of all real property for which
    |
0010| taxes have been delinquent for more than two years.  The tax
    |
0011| delinquency list shall contain the information and be in a form
    |
0012| prescribed and submitted by the date required by department
    |
0013| regulations.  The county treasurer shall record the tax delinquency
    |
0014| list in the office of the county clerk.  There shall be no recording
    |
0015| fee for recordation of the tax delinquency list.  The updated final
    |
0016| property tax sale list shall be recorded with the office of the county
    |
0017| clerk the day following the sale of the property.  There shall be no
    |
0018| recording fee for recordation of the final property tax sale list.
    |
0019|           B.  The county treasurer shall make a notation on the
    |
0020| property tax schedule indicating that the account has been transferred
    |
0021| to the department for collection at the time the tax delinquency list
    |
0022| is mailed to the department."
    |
0023|      Section 3.  REPEAL.--Section 7-38-64 NMSA 1978 (being Laws 1973,
    |
0024| Chapter 258, Section 104) is repealed.
    |
0025|      Section 4.  APPLICABILITY.--The provisions of this act are
    |
0001| applicable to the 1998 and subsequent tax years.            
    |