NM
The investor buys the property itself at sale. No redemption period usually follows, so title transfers directly.
Sale type
Tax deed
Redemption
None
Interest / penalty
Flat rate · 1%
Sale timing
Varies
Rules in plain English
Sale type
Tax deed
The investor buys the property itself at sale. No redemption period usually follows, so title transfers directly.
https://www.tax.newmexico.gov/businesses/property-tax-overview/delinquent-property-tax-auctions/
Redemption period
None
No redemption period is documented after the sale.
https://www.tax.newmexico.gov/businesses/property-tax-overview/delinquent-property-tax-auctions/
Interest / penalty
Flat rate · 1%
1% flat per month.
https://www.tax.newmexico.gov/businesses/property-tax-overview/delinquent-property-tax-auctions/
Bid method
Highest bid
The parcel or lien goes to the highest bidder at auction.
https://www.tax.newmexico.gov/businesses/property-tax-overview/delinquent-property-tax-auctions/
Sale schedule
Varies
Sale timing varies by county.
https://www.tax.newmexico.gov/businesses/property-tax-overview/delinquent-property-tax-auctions/
Bidder process
- 01Real property may not be sold for delinquent taxes before the expiration of three years from the first date shown on the tax delinquency list on which the taxes became delinquent (N.M. Stat. 7-38-67(A))
- 02Before the sale the department determines a minimum sale price that may not be less than the total of all delinquent taxes, penalties, interest and costs (N.M. Stat. 7-38-67(E))
- 03Register as a bidder on the day of the sale; bidding is oral and a bidder must be physically present or represented by an agent presenting a notarized authorization (NM Taxation & Revenue Department, Delinquent Property Tax Auctions)
- 04Bid at the public auction, held either by the department or an auctioneer hired by the department, in the county where the real property is located (N.M. Stat. 7-38-67(C))
- 05Pay the amount bid in full by the close of the public auction (N.M. Stat. 7-38-67(F)); acceptable payment forms are a cashier's check, money order, personal check or company check, and personal or company checks require a bank letter of guarantee (NM Taxation & Revenue Department, Delinquent Property Tax Auctions)
- 06A sale properly made under Section 7-38-67 constitutes full payment of the delinquent taxes, penalties and interest that are a lien against the property at the time of sale and extinguishes that lien (NM Taxation & Revenue Department, Delinquent Property Tax Auctions)
- Registration
- Yes
- Registration mode
- in_person
- Registration deadline
- Registration closes promptly at the start of the sale (NM Taxation & Revenue Department, Delinquent Property Tax Auctions).
- Registration fee
- Not documented
- Deposit required
- Not documented
- Deposit amount
- Not documented
- Deposit percent
- Not documented
- Deposit refundable
- Not documented
- Sale format
- in_person
- Payment deadline
- Payment shall be made in full by the close of the public auction before an offer may be deemed accepted by the department (N.M. Stat. 7-38-67(F)).
- Payment methods
- certified_funds, check
- Residency required
- Not documented
- An agent representing a bidder must present, upon registration, a notarized document authorizing the agent to act for the party the agent will represent (NM Taxation & Revenue Department, Delinquent Property Tax Auctions)
- A letter of guarantee from the issuing bank must accompany a personal or company check at the time of registration (NM Taxation & Revenue Department, Delinquent Property Tax Auctions)
N.M. Stat. 7-38-67(C)
“Real property shall be sold at public auction either by the department or an auctioneer hired by the department. The auction shall be held in the county where the real property is located at a time and place designated by the department.”official source ↗
N.M. Stat. 7-38-67(F)
“Payment shall be made in full by the close of the public auction before an offer may be deemed accepted by the department.”official source ↗
N.M. Stat. 7-38-67(E)
“The minimum price shall not be less than the total of all delinquent taxes, penalties, interest and costs.”official source ↗
N.M. Stat. 7-38-67(A)
“Real property shall not be sold for delinquent taxes before the expiration of three years from the first date shown on the tax delinquency list on which the taxes on the real property became delinquent.”official source ↗
NM Taxation & Revenue Department, Delinquent Property Tax Auctions (registration)
“Individuals interested in bidding on property must register as bidders on the day of the sale. Registration will close promptly at the start of the sale.”official source ↗
NM Taxation & Revenue Department, Delinquent Property Tax Auctions (agent authorization)
“In the event an agent is representing a bidder, the agent must present to the Property Tax Division, upon registration, a notarized document authorizing him to act as an agent for the party he will represent.”official source ↗
NM Taxation & Revenue Department, Delinquent Property Tax Auctions (payment)
“All payments at public auctions must be in the form of a cashier’s check, money order, personal check or company check.”official source ↗
Notes
TRD Property Tax Division sells at public auction (7-38-65, -67); the sale extinguishes the tax lien. At least one parcel per county is offered annually unless postponed. Official NM Taxation and Revenue Department. | Prose: deed | 1% per month (12%/yr) on unpaid taxes (NMSA 1978, 7-38-49) | none; only 120-day federal IRS redemption period | public auction; minimum price not less than total delinquent taxes/penalties/interest/costs (7-38-67) | no set schedule; varies by county (sold after 3 years delinquent, within 4 years) (NMSA 7-38-65)