TIME OF SALE OR TRANSFER FOR DELINQUENT TAXES

HB 220 amends New Mexico's property tax laws to extend the timeline for delinquent tax sales. It increases the required delinquency period for counties to list properties for sale from two years to four years and extends the waiting period before a sale can occur from three years to five years. The bill also requires counties to record delinquency lists without fees, sets minimum sale prices based on unpaid taxes and costs, and includes a special provision allowing community land grant boards to match the highest bid for properties within their boundaries. This affects property owners with unpaid taxes by providing additional time before their property may be sold to recover the debt, applying to tax years beginning January 1, 2026.