What happens if I don’t pay my property taxes on time?

In New Mexico, if you do not pay your property taxes on time, there will be penalties and interest depending on the situation. If you are late paying your bill but still pay it in that year, you will be charged a late fee of 8%. If your taxes are still unpaid, the county treasurer may issue a delinquency notice. This will detail the amount owed and any additional penalties and interest that are due. Interest is charged at 10% annually and there may also be a penalty of 1.5% for every month that your taxes are delinquent. If your unpaid taxes remain delinquent, the county treasurer may decide to file a lien on your property. This will give them the right to hold your property and collect the amount due. In this situation, if you don’t pay your taxes, the county may be able to sell your property in order to recover the tax debt. It is important to pay your property taxes on time to avoid any penalties and interest fees. Property taxes are an important source of revenue for New Mexico and everyone should ensure that their taxes are paid in a timely manner.

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What happens if I don’t pay my property taxes on time?

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