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. |